1029 Market Street
Marcus Hook, PA 19061
- – beds
- – baths
- – sqft
- 1900 build
***PICS TO FOLLOW SHORTLY*** Prime Multi-Unit Residential Property with Storefront & Vacant Land, This is is a unique and exceptional opportunity to acquire a well-established multi-use property located in a highly sought-after area. The property includes two additional parcels: 18 E. 10th and 34 E. 10th, offering a variety of income-generating potential. The current configuration includes residential apartments, commercial storefront space and vacant land with existing storage containers. Additionally, the seller is offering an adjacent bar/restaurant with parking lot as part of a comprehensive package deal for $2.5 million, making this an ideal investment for preapproved buyers looking for diverse real estate opportunities. The first floor of the property features three well-sized, one-bedroom apartments. Two of these apartments are currently rented, generating steady rental income, while the third is being used as personal storage by the owner. This presents an immediate opportunity for the buyer to either continue using the third apartment as storage or reconfigured for additional rental income or guest accommodation. Which further enhances the income potential of the property. The apartments are well-maintained, offering ample natural light, spacious rooms, and functional layouts. Each apartment has its own separate utilities and access, ensuring privacy for the tenants. The second floor of the property features an additional 10 bedrooms, all currently occupied by tenants. This level is ideal for shared housing, rooming accommodations, or even could be converted into larger living spaces with a little renovation. In addition to the 10 bedrooms, there are two additional bathrooms, providing extra convenience and comfort for the tenants. The commercial storefront located on the property adds a valuable layer of income potential. This space offers an ideal location for a variety of businesses, whether for retail, office space, or other commercial endeavors. The storefront is in a prime location with high visibility and foot traffic, which can drive business success. The seller is offering the storefront as part of the overall package, making it an excellent opportunity for an investor or business owner looking to own a commercial space alongside residential units. In addition to the residential and commercial spaces, the property includes vacant land currently occupied by storage containers. This portion of the property offers significant potential for future development or expansion or can serve as a secure area for additional storage. The land is versatile, offering numerous opportunities for the buyer to utilize it according to their needs—whether it be for additional storage, expansion, or other commercial uses.
Last checked:
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Last updated Feb 21, 2025
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MLS# PADE2084122 —
The Building
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Year Built:1900
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Brick
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Building Units Total:1
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Structure Type:Other
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Architectural Style:Traditional
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Accessibility Features:None
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Living Area SqFt:0 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:0-30 Days CD, 31-60 Days CD
Location
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Directions:PLEASE USE GPS FROM YOUR CURRENT LOCATION TO THE PROPERTY FOR THE MOST ACCURATE DIRECTIONS
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Latitude:39.82074000
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Longitude:-75.41768000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Source:Estimated
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Lot Features:Other
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Lot SqFt:0 Sqft
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Exclusions:Sellers Personal Belongings
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Zoning:COMMERCIAL
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 627-6005
- Office phone:
- (215) 627-6005
Taxes
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Tax ID Number:24-00-00512-00
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Tax Year:2024
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Tax Lot:133-000
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Tax Annual Amount:$5,780
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Tax Assessed Value:$143,000
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Year Assessed:2025
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School Tax:3623.0
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County Tax:553.00
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City/Town Tax:1603.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Natural Gas
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Utilities:Cable TV
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Chichester
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:Other
Extra Units
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Vacation Rental:No
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Single Room Units:10
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One Bedroom Units:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/14/25
Feb 14, 2025
|
Listed / Active | BRIGHT | $1,000,000 |