Bought with Marie Pogue • Keller Williams Main Line
$260,000
$275,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
7119 WOODLAND AVE Philadelphia, PA 19142
2,254 Sqft Lot
Key Details
Sold Price $260,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Elmwood Park
MLS Listing ID PAPH2605076
Sold Date 06/02/26
Year Built 1915
Annual Tax Amount $1,639
Tax Year 2025
Lot Size 2,254 Sqft
Acres 0.05
Lot Dimensions Frontage: 16.00 Depth: 141.00 SQFT: 2,254 Acres: 0.0517
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
7119 Woodland Ave | Southwest Philadelphia | IRMX Zoning | Triplex
Rare opportunity to acquire an income-producing triplex situated on a 2,254 sq ft lot with 2,175 sq ft of building area, zoned IRMX , one of Philadelphia's most flexible and sought after industrial mixed-use designations.
The property currently operates as a 3-unit residential building with two occupied units generating immediate cash flow. The 2nd and 3rd floor units are in great condition with quality, paying tenants in place. The 1st floor unit is vacant and needs only light renovation. A straightforward value-add opportunity to bring the property to full occupancy.
What makes this property truly stand out is the IRMX zoning. By right, IRMX allows multi-family residential, artist studios, artisan industrial, office, warehouse, restaurant, and a wide range of commercial uses, with no required rear yard setback, up to 75% lot coverage, and a maximum building height of 60 feet. An investor or developer can build out the existing footprint, add a rear structure to the property line, or pursue a mixed-use redevelopment all without needing a variance.
Income today. Upside tomorrow. Don't miss this one.
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning IRMX
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools John Bartram
School District The School District Of Philadelphia
Others
Tax ID 871561940
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Private, VA, FHA 203(b), FHA 203(k)
Listing Terms Cash, Conventional, FHA, Private, VA, FHA 203(b), FHA 203(k)
Financing Cash,Conventional,FHA,Private,VA,FHA 203(b),FHA 203(k)
Special Listing Condition Standard
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