816 Sqft Lot
816 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2566350
Year Built 1920
Annual Tax Amount $984
Tax Year 2025
Lot Size 816 Sqft
Acres 0.02
Lot Dimensions 15.00 x 55.00
Property Sub-Type Retail
Source BRIGHT
Property Description
Investment Summary: Excellent opportunity to acquire a mixed-use asset (sold as-is) in a developing Philadelphia corridor. 3102 G St offers a fitted-out commercial ground floor and a second-floor residential unit, offering potential for dual income streams or an owner-operator setup. The property is situated within a Qualified Opportunity Zone, presenting potential tax advantages for qualifying investors.
The Commercial Space: Restaurant Infrastructure in Place
Ideally suited for a takeout hub, cafe, or casual dining concept, this space minimizes initial equipment costs.
Layout: Features a functional layout with a dedicated employee bathroom and prep area.
Asset List (Included in Sale "As-Is"):
Commercial Ventilation Hood: System in place.
Commercial Range: Higher-power stove capability.
Commercial Fryers & Sinks: Standard commercial kitchen configuration including prep/wash sinks.
The Residential Space: Second-Floor Unit
The second floor features living quarters with potential for rental income or owner occupancy.
Note: Buyer is responsible for verifying zoning and occupancy requirements for building.
Location Benefit: Qualified Opportunity Zone
This property is located in a federally designated Job Opportunity Zone.
Investor Note: Acquisition of this property may qualify for significant tax benefits regarding capital gains deferral and reduction.
Prospective buyers are strongly encouraged to consult their CPA or tax attorney to determine eligibility for Opportunity Zone incentives.
Property Highlights:
Zoning: Commercial/Mixed-Use (Buyer to verify).
Condition: Equipment conveys with the property.
Location: Corner visibility potential, accessible to public transit, and part of the Kensington revitalization footprint.
Why Wait? With construction costs rising, acquiring a property with existing kitchen infrastructure is a strategic financial move. Whether you are an aspiring restaurateur or an investor looking to add to your portfolio, 3102 G St offers a head start on development.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning CMX25
Interior
Hot Water Natural Gas
Heating Other
Cooling None
Inclusions All installed fixtures
Equipment Negotiable
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 32\"+ wide Doors
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 871543960
Ownership Fee Simple
Special Listing Condition Standard
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