Description

Investment opportunity in the heart of Manayunk! This fully renovated mixed-use building presents the ideal opportunity for an owner-occupant or investor looking to launch or expand their next business venture along highly visible Umbria Street.

The property features a 1,100 SF ground-floor commercial space with CMX-2 zoning, allowing for a wide variety of uses including food & beverage, grocery, restaurant, BYOB, deli, pizza, café, ice cream, retail, pet supplies, salon, or professional office space. Previously home to a successful deli, the space benefits from excellent street presence, strong foot traffic, and close proximity to Main Street. The commercial unit is currently vacant and offered for lease at $3,200/month, creating immediate income potential or the perfect setup for an owner-user.

Above the commercial space are three fully renovated residential units, all leased and generating $4,750/month in rental income. The unit mix includes one 2 bed/ 1 bath unit ($1,900/month) and two 1 bed/ 1 bath units ($1,475 and $1,375/month).

Each apartment features central air, vinyl flooring, new appliances, in-unit washer/dryer, and separate utilities, with tenants responsible for their own electric. All units were fully renovated in 2023, including updated plumbing, electrical systems, and sprinkler water lines. The commercial space includes a newer HVAC system (approximately 4 years old), along with updated fire and burglar alarm systems.

With the commercial space leased at market rent, the property offers a projected gross income of $7,950/month ($95,400 annually).

Ideally located just 1 block from Main Street and within close proximity to the Manayunk train station, I-76, and Center City, this property sits in one of Philadelphia’s most vibrant and rapidly growing neighborhoods. Manayunk continues to see strong development activity, with new condo projects and residential growth driving increased foot traffic and demand for local businesses, making this an exceptional location for long-term appreciation and commercial success.

A rare opportunity to acquire a turnkey mixed-use asset in a high-demand corridor with both stable income and significant upside.