Mixed-Use Commercial Property - Hair Salon Building
This commercial real estate opportunity presents a strategically positioned mixed-use building in Northwest Philadelphia's developing market. The property is situated on a high-traffic two-lane arterial road, providing excellent visibility and accessibility for commercial operations.
Property Configuration:
The building is in an excellent condition, comprises a ground-floor commercial space currently operating as a nail salon and a second-floor two-bedroom residential unit. The commercial tenant maintains a lease at $1,350 monthly, while the residential unit generates $975 monthly on a month-to-month arrangement, producing gross annual rental income of $27,900.
Operational Details:
The hair salon equipment conveys with the property, creating an immediate turnkey opportunity for beauty industry operators. Current rental rates are positioned below market value, indicating potential for income optimization through strategic lease restructuring.
Financial Structure:
The property is offered at $375,000 with seller financing available to qualified purchasers. Down payment requirements range from $100,000 to $150,000, providing flexible acquisition terms. Operating expenses are limited to real estate taxes, insurance, and periodic maintenance, creating a streamlined cost structure.
Investment Highlights:
- Prime location on major thoroughfare in appreciating Northwest Philadelphia submarket
- Dual income streams from commercial and residential tenants
- Below-market rental rates offering upside potential
- Turnkey hair salon operation with included equipment
- Seller financing options for qualified buyers
- Low operational overhead with minimal expense requirements
Additional Opportunity:
An adjacent building is available for acquisition under identical terms at $375,000, presenting potential for portfolio expansion or consolidated ownership strategy.
This investment combines stable cash flow generation with strategic positioning in Philadelphia's evolving commercial landscape.