Welcome to 531 Chester Pike, Prospect Park, PA 19076. This prime commercial mixed-use property, featuring both commercial and residential spaces, is ideally located in a high-traffic area with excellent visibility. The convenient location, providing accessibility to various amenities, such as the City of Philadelphia and the sports complex, makes it perfect for both owner-occupants and investors. A two-story gem is ideal for an entrepreneur or investor seeking a new opportunity to set up a business, such as a barbershop, nail salon, deli, or convenience store—investors who also want to diversify their portfolio. The property's current use is as follows: the first floor is a vacant commercial space, and the second floor is an apartment, currently occupied by a tenant on a month-to-month lease. This property offers immediate rental income or the flexibility for future occupancy. Don’t miss your opportunities to own your mixed-use property in the desirable neighborhood. Please schedule your showing today and allow us 24 hours' notice for confirmation.
Welcome to 856 Chester Pike, an investors' dream! This building offers a great investment opportunity on one of the busiest streets of Prospect Park. The property consist of three (3) units: a commercial space, along with a two (2) bedroom unit, and a one (1) bedroom unit. All units are occupied with long-term tenants of 5+ years, each unit has a month-to-month lease. There is a detached garage that's currently used as storage however, has potential for separate rental income. The commercial unit is handicap accessible, currently operating as a restaurant; entering the restaurant, you will find a large dining area, service counter, and fully functioning kitchen with basement and backyard access. The apartment entrance is located on the side of the building with a shared entryway. Chester Pike offers an bustling and energetic business environment, with close proximity to highway 95 making access to the PHL airport and the city only a short drive away. This location is highly desirable, as businesses continue to thrive in this ideal commercial/residential environment. Don't miss the opportunity to own a fully functioning mixed-use building, with room for improvements and expansion, in an extremely sought-after neighborhood.
Formally a nail salon, called New City Nails II in unit 1. Now a vacant mixed use building with an apartment in unit 2. Amazing investment opportunity located in Prospect Park, 25 minutes away from Center City Philadelphia. Property is being sold in "as-is" condition. Also available for rent.
Prospect Park is located in Pennsylvania. Prospect Park, Pennsylvania has a population of 6,414. Prospect Park is less family-centric than the surrounding county with 13.62% of the households containing married families with children. The county average for households married with children is 30.31%.
The median household income in Prospect Park, Pennsylvania is $63,515. The median household income for the surrounding county is $80,398 compared to the national median of $69,021. The median age of people living in Prospect Park is 37.5 years.
The average high temperature in July is 87.4 degrees, with an average low temperature in January of 26.7 degrees. The average rainfall is approximately 43.1 inches per year, with 15.1 inches of snow per year.
