1615-17 MCKEAN ST Philadelphia, PA 19145

Triple Mint Condition! 1615-17 McKean St offers a rare investment opportunity to own a pristinely kept, multi-use property in a prime Newbold location. Sits on a 35x70 corner lot, this nearly 5,000 SqFt clear span building has a well-established auto repair business on the first level, two 1 bed, 1 bath apartments on the second level. There are tons of great potential uses for this property including taking over the auto business (the equipment is available to purchase for $60k), reconfiguring the current layout, or redeveloping the site with new construction housing. Crescenzo's Auto Services is a third-generation, family ran business that has been a trusted fixture of the neighborhood for nearly a century! The repair shop features dual garage openings, an office, and a powder room. Upstairs, both apartments offer spacious layouts with large, open main living areas, in-unit laundry, and separate all-electric utility setups. These units have the opportunity to be renovated into loft-style apartments with +/-15ft high ceilings above the current drop ceiling and concrete style flooring under the carpets. The front unit is currently rented month-to-month with a long-term tenant. The rear unit lease ends in June of 2022. This meticulously maintained building has had many well-documented renovations and updates over the years including new carpet for both apartments, an updated bathroom with a new vanity for the front apartment, and new kitchen appliances, a new water heater, and fresh paint in the rear apartment. The roof was installed in 2019, by a well-qualified roofer, and had been issue free ever since. 1615-17 McKean’s spectacular Newbold location earns a Walk Score of 95! Essentials shopping can be done within a few blocks plus, nearby Passyunk Ave is lined with famous restaurants and friendly neighborhood stores. Getting around the city is made easy with the #2 bus traveling along 16th and 17th streets, and the #29, #37, #79, and the Broad Street Line all about a five-minute walk away. This great investment opportunity won’t last long. Schedule your tour today!