1. Pennsylvania
2. Philadelphia
3. 2214 SOUTH STREET

2214 SOUTH STREET, Philadelphia, PA 19146

• 2,736 sqft

Property Description

On behalf of Ownership, GREA is pleased to exclusively offer the opportunity to acquire the fee simple interest in 2214 South Street located in the Graduate Hospital section of Southwest Center City Philadelphia. The property comprises 4 apartment units with (2) studio and (2) one-bedroom floor plans. In addition, there is ±1,000 square feet of commercial space on the ground floor occupied by Falafel Time, a popular restaurant featuring quick service dishes with a Middle Eastern twist. The South Street property presents new ownership with the opportunity to perform a value-add renovation plan to the apartment units and common hallways to increase rents. The property would then be repositioned to a luxury apartment product that attracts young professionals looking for proximity to Center City Philadelphia at an affordable price point. In the middle of it all, the property serves a growing tenant base looking for a location surrounded by restaurants, cafes, boutique shops, and nightlife. Tenants can run, walk, or ride their bikes on the popular Schuylkill River Trail, access University City via the South Street Bridge, or stroll into Center City in minutes. The property is located minutes from major highway routes such as Interstates 76, 676, and 95 presenting unparalleled access throughout the Philadelphia MSA. Furthermore, tenants are a short walk into Center City and University City, home to major employers such as Comcast, Aramark, Penn Medicine, CHOP, the University of Pennsylvania, and Drexel University. 2214 South Street provides new ownership with the prospect of acquiring a quality, mixed-use property that both has and will continue to perform well into the future.

Listing Status:

Active

Date Added:

January 29, 2025 at 06:00AM

Listing Office:

TCS Management, LLC : 2153831439

Listing Agent:

Moshe Adika : 2672103080

MLS ID:

PAPH2439728

Interior

• Basement: Full
• A/C: Central A/C
• Heating: YCentralNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Moshe Adika, TCS Management, LLC