1. Pennsylvania
2. Philadelphia
3. 3847 TERRACE ST

3847 TERRACE ST, Philadelphia, PA 19128

Property Description

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, a washer and dryer in each unit 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.

Listing Status:

Active

Date Added:

April 10, 2025 at 05:00AM

Listing Office:

Compass Pennsylvania, LLC : 6109470408

Listing Agent:

Aimee Lucia Alexander : 2159909386

MLS ID:

PAPH2464620

Interior

• A/C: Central A/C
• Heating: Hot WaterNatural Gas
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Aimee Lucia Alexander, Compass Pennsylvania, LLC