Patterson-Schwartz Real Estate3847 Terrace Street, Philadelphia, PA 19128-5213 $579,900
Interior Sq. Ft: 2,918
Acreage: 0.04
Age:125 years
Taxes: $5,039
Design/Type:
End of Row/Townhouse
Description
Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, a washer and dryer in each unit and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Hot Water Heating, Natural Gas, Central A/C, Natural Gas, Hot Water - Natural Gas, Public Water, Public Septic
Garage/Parking
On Street
Exterior
Concrete Perimeter Foundation, Flat Roof, Masonry
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (122 schools)
Public Middle (19 schools)
Public High (53 schools)
Private (129 schools)
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This report is a detailed community overview for Philadelphia (19128), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 32
- Average salary of people in this community: $57,876
Community Summary
- Population Density (ppl / mile): 5,258
- Household Size (ppl): 2.29
- Households w/ Children: 35%
Housing Inventory
- Owned: 9,518 (54.5%)
- Rented: 6,818 (39.0%)
- Vacant: 1,142 (6.5%)
- Total: 17,478
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.1%
- Some High School: 4.7%
- High School Graduate: 23.0%
- Some College: 13.8%
- Associate Degree: 6.1%
- Bachelor's Degree: 31.0%
- Graduate Degree: 20.4%
Income by dollar range
Median Income: $74,564
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $984
- One Bedroom: $1,129
- Two Bedroom: $1,381
- Three Bedroom: $1,840
- Four Bedroom: $2,175
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Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-893-2219
Listing Courtesy of: Compass Pennsylvania, LLC , (610) 947-0408, marianne.dillon@compass.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 4/24/2025.
