5840 Master St, PHILADELPHIA
$270,000 - 3,102 Sf
MLS® # PAPH2424328
641 N 56th St, PHILADELPHIA
$275,000
0 Beds
0 Baths
1,824 Sqft
.03 Acres
0 Garages
High-Yield Investment Opportunity – 13.24% Cap Rate in a Federal Opportunity Zone. This prime corner mixed-use property delivers strong cash flow and is situated within a designated Federal Opportunity Zone, offering significant tax incentives for the savvy investor. Currently designed as a fully equipped neighborhood grocery store, the retail space includes shelving, refrigeration units, and a deli counter—all included in the sale. Above the store is a spacious two-bedroom, one-bath residential unit featuring a living room, a kitchen with a combined dining area, and a private deck. Additionally, the property includes a roughed-in studio space at the rear of the first floor—perfect for expanding residential income, additional storage for the corner store or reimagining as a home office, flex space or Airbnb. The commercial space also has direct basement access for storage, via the interior or the Bilco door entrance from the street.This is a versatile, income-producing asset with excellent value-add potential in a high-demand location—ideal for both seasoned investors and new entrants seeking long-term growth with built-in tax advantages. Needs TLC but the value is there for a savvy investor. Easy to see with no tenants.
Essential Information
MLS® #PAPH2478588
Price$275,000
Bathrooms0.00
Square Footage1,824
Acres0.03
Year Built1925
TypeCommercial Sale
Sub-TypeMixed Use
StatusActive
Community Information
Address641 N 56th St
Area19131
CityPHILADELPHIA
CountyPHILADELPHIA-PA
StatePA
MunicipalityPHILADELPHIA
Zip Code19131
Interior
HeatingForced Air
CoolingNone
Exterior
RoofUnknown
School Information
DistrictPHILADELPHIA CITY
HighOVERBROOK
Additional Information
ZoningCMX1
Listing Details
Office Contact2158939920
Office
Elfant Wissahickon-Rittenhouse Square
Property History
Status Changed from Coming Soon to Active
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Listing information last updated on May 12th, 2025 at 7:30am EDT.
