3847 Terrace St, Philadelphia, PA 19128
Local realty services provided by:ERA OakCrest Realty, Inc.
3847 Terrace St,Philadelphia, PA 19128
$564,900
- 2 Beds
- - Baths
- 2,918 sq. ft.
- Multi-family
- Active
Listed by:aimee lucia alexander
Office:compass pennsylvania, llc.
MLS#:PAPH2531184
Source:BRIGHTMLS
Price summary
- Price:$564,900
- Price per sq. ft.:$193.59
About this home
GREAT INVESTMENT OPPORTUNITY IN MANAYUNK! 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, 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.
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Home facts
- Year built:1900
- Listing ID #:PAPH2531184
- Added:34 day(s) ago
- Updated:September 29, 2025 at 01:35 PM
Rooms and interior
- Bedrooms:2
- Living area:2,918 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Hot Water, Natural Gas
Structure and exterior
- Roof:Flat
- Year built:1900
- Building area:2,918 sq. ft.
- Lot area:0.04 Acres
Utilities
- Water:Public
- Sewer:Public Septic
Finances and disclosures
- Price:$564,900
- Price per sq. ft.:$193.59
- Tax amount:$5,039 (2025)
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