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Marjorie Dick Stuart

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3847 Terrace St, PHILADELPHIA, PA – $579,900

  • $580k Price
  • 2,918 Sqft
  • .04 Acres
  • 40 DOM
  • $580k Price
  • 2,918 Sqft
  • .04 Acres
  • 40 DOM

3847 Terrace St

Located just blocks away from the vibrant retail and dining scene on Main Street and Ridge Avenue, this prime corner building offers a fantastic investment opportunity in one of Philadelphia’s most sought-after neighborhoods. With a total of 2,918 square feet, this mixed-use property combines residential and retail space, making it an ideal choice for investors looking to capitalize on both long-term rental income and the potential for a thriving retail business. The first-floor retail space, previously a successful restaurant tavern, comes with a commercial kitchen space and hood system, walk-in cooler, bar layout and seating for 40-60 patrons. The property comes with the potential to acquire a liquor license, which will be sold separately from the property itself. This license allows for full-service alcohol service, including outdoor seating, offering tremendous flexibility for a bar or restaurant business. The CMX1 zoning permits additional uses including a deli/grocery store, daycare facility, boutique, financial services, pet store, or medical practice. Above the retail space, there are two newly renovated 1-bedroom apartments on the 2nd and 3rd floors, each featuring modern updates including new flooring, stainless steel appliances, a washer and dryer in each unit and stylish new bathrooms. Located in a high-demand, thriving neighborhood, this mixed-use property is an excellent investment with great potential for both rental income and business ventures.

Essential Information

  • MLS® #PAPH2464620
  • Price$579,900
  • Bathrooms0.00
  • Square Footage2,918
  • Acres0.04
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive Under Contract

Community Information

  • Address3847 Terrace St
  • Area19128
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19128

Interior

  • HeatingHot Water
  • CoolingCentral A/C

Exterior

  • RoofFlat

School Information

  • DistrictPHILADELPHIA CITY

Additional Information

  • Date ListedApril 6th, 2025
  • Days on Market40
  • ZoningCMX1

Listing Details

  • OfficeCompass RE
  • Office Contact6109470408
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Price Change History for 3847 Terrace St, PHILADELPHIA, PA (MLS® #PAPH2464620)

Date Details Price Change
Active Under Contract
Active (from Coming Soon)

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Listing information last updated on July 11th, 2025 at 12:16pm CDT.