Investor Alert!! Welcome to your next West Passyunk investment opportunity with endless potential! This property already has approved plans and building permit for a commercial space on the first floor and apartment on top- and can be sold alone or with the property right next door (2003 S Beechwood- MLS # PAPH2171414), which also has approved plans for another commercial space on the first floor and apartment on top. That's right- you have the potential for four income-producing units right together on the corner of McKean and South Beechwood in a rapidly developing area!!!! 2001 S Beechwood is a large 2-story corner building with high ceilings that previously structured as a 2-unit rental with a daycare on the first floor and back yard with access from Mckean St. 2003 is a spacious shell that also is set up as the same. The properties have been demoed, cleaned, basements parged, and a good amount of the framing has already been completed. The possibilities abound- Depending on the intended use, you can explore connecting the two buildings for an extra large commercial space or, like many have done in the area, apply to convert each building into two residential units in each for a total of 4 apartments. Both properties have approved plans in place so you can purchase and start working right away- no need to pay months of interest while you wait for plans!
Located near malls, grocery stores, top-rated restaurants, and parks. These properties are only a few minutes from the bustling Passyunk Ave and Broad Street Line. You will find an easy commute to Center City and the lively Point Breeze neighborhood via car or public transit, making this a great location. The properties are being sold AS-IS and buyer is responsible for verifying potential use desired. See documents section for approved plans and zoning permit for vacant commercial on 1st floor and one dwelling unit on 2nd floor.
