1029 Market St, Marcus Hook, PA 19061

Property Description

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 three additional parcels: 18 E. 10th and 34 E. 10th & 1027 Market St, offering a variety of income-generating potential. The current configuration includes residential apartments, commercial storefront space and vacant land with existing storage containers and a parking lot. Additionally, the seller is offering an adjacent bar/restaurant 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 and a great sized parking lot. 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.