32 S 18TH ST #2ND FL Philadelphia, PA 19103

32 S. 18th Street is a fully renovated 3-story, commercial mixed-use property is situated on the corner of S. 18th and Ranstead streets. This building has two (2) units and a garage. The commercial unit is occupied by “HUDA” one of Center City's favorite fast-casual, sandwich shops. HUDA is currently in their third year of an initial 10-year lease (NNN) with two 5-year renewal options with 3% annual increases. The second unit is a bi-level, 3 bedroom / 2.5 bathroom townhome. The residential townhome has been fully renovated with high end finishes, new European style noise canceling windows, a private outdoor space and a one car parking garage. The townhome unit is currently vacant as current ownership has used the space themselves. It was previously rented for $5,000/mo, with garage parking included. Surrounded by high-rise apartments and condos, there is not another residential unit like this. The property has been very well maintained over the span of current ownership. This property is perfect for any buyer who is looking for a primary residence, any investor and especially short-term-rental investors. With its CMX-5 zoning, allowing for the use of Air BnB rentals (with proper licensing,) the income potential is substantial. There are very few opportunities to purchase a corner property between Chestnut and Market Streets.