New ListingSeeking immediate cash flow paired with significant value-add potential? Positioned in the high-traffic 5th & Olney business corridor (30,000+ daily vehicle count + tons of foot traffic), 5539 N 5th St offers an exceptional blend of steady rental income and operational flexibility. The ground floor features an occupied turnkey, fully equipped takeout restaurant with a full basement for storage (40k annual rental income). Upstairs, you'll find a partially renovated 2-bedroom apartment with substantial rent upside once completed (potential additional 20k annual rent). Versatile CMX-2.5 zoning permits the upper level for residential or commercial use, while allowing a wide variety of uses from food & beverage to retail, personal services, or professional offices (see docs). Perfect for an investor seeking turnkey returns or an owner-occupant looking to bring their own business vision to life! Contact me for a private showing.
| MLS # | PAPH2678824 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1910 |
| Days On Site | 4 |
| Listing Provided By | Century 21 Integra - Newtown | Ashley Butts |
| Units | 2 |
|---|---|
| Zoning | CMX25 |
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Security Features | Security Gate |
|---|---|
| Construction Materials | Masonry |
| Garage Yes / No | No |
|---|---|
| Parking Features | Public |
| Tax Annual Amount | 2704 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| Community Name | OLNEY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in OLNEY) | |
Price: $390,000 low | high Med: $187,450 On site: 4 low | high Med: 78 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19120 |
| Area | 19120 (19120) |
| Community Name | OLNEY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in OLNEY) | |
Price: $390,000 low | high Med: $187,450 On site: 4 low | high Med: 78 | |