1. Pennsylvania
2. Philadelphia
3. 641 N 56TH STREET

641 N 56TH STREET, Philadelphia, PA 19131

• 1,824 sqft

Property Description

High-Yield Investment Opportunity – 13.24% Cap Rate in a Federal Opportunity Zone. This prime corner mixed-use property delivers strong cash flow and is situated within a designated Federal Opportunity Zone, offering significant tax incentives for the savvy investor. Currently designed as a fully equipped neighborhood grocery store, the retail space includes shelving, refrigeration units, and a deli counter—all included in the sale. Above the store is a spacious two-bedroom, one-bath residential unit featuring a living room, a kitchen with a combined dining area, and a private deck. Additionally, the property includes a roughed-in studio space at the rear of the first floor—perfect for expanding residential income, additional storage for the corner store or reimagining as a home office, flex space or Airbnb. The commercial space also has direct basement access for storage, via the interior or the Bilco door entrance from the street.This is a versatile, income-producing asset with excellent value-add potential in a high-demand location—ideal for both seasoned investors and new entrants seeking long-term growth with built-in tax advantages. Needs TLC but the value is there for a savvy investor. Easy to see with no tenants.

Listing Status:

Active

Date Added:

May 13, 2025 at 05:00AM

Listing Office:

Elfant Wissahickon-Rittenhouse Square : 2158939920

Listing Agent:

Katherine Vail : 2156684989

MLS ID:

PAPH2482052

Interior

• Flooring: Engineered WoodHardwoodCeramic Tile
• A/C: Window Unit(s)
• Heating: YBaseboard - Hot WaterNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Katherine Vail, Elfant Wissahickon-Rittenhouse Square