Welcome to 101 Snyder ave.

This property is a unique building in a high visibility area of South Philadelphia. The parking lot under I95 is free, well lit at night and typically has 30 or more spaces available at any given time. On street parking is free and abundant most of the time as well. The next block east of Front street and Snyder ave is Snyder plaza with magnet stores such as Target, Shoprite grocery chain, Marshal's clothing outlet, Models sporting goods and Rite aid Pharmacy. One block further on Snyder ave is the Ikea and Lowes home center complex. There is only one apartment that takes up the entire 2nd and 3rd floor. 

With the Delaware river development (link2)  finally on the way this property will increase in value with every step of the revitalization of the riverfront. 

The property itself is 16' X 70" and each floor is approximately 1100 sq ft of usable space. the building is zoned for 2 commercial store (C1) and one residential unit. There is currently 1 retail store on the first floor and is on a month to month lease. We are looking to rent the entire first floor to one tenant. 1100 ft of comercial space is $2500/mo. (CAM and property taxes included) The basement rental and build out options are flexible open to negotiation. 

The second and third floor are combined for a 2 bedroom 1.5 bath luxury apartment. It may be up for rent after Feb 2012. We can certainly work out a deal  for both. Rent to own option apply and are negotiable.

It is one of the only three story structures in the area and offers a great view of the city and it's fireworks displays around the holidays. The second and third floor construction was started in 1998 by tearing everything out down the the bricks and all brand new plumbing electric and insulation were installed.

Floor by floor:

The third floor has a 14'x15' master bedroom with two large closets. Next to that is a second 10'x12' bedroom/office with a large built in closet. Then the master bathroom has a bathtub and a 4'x5' glass block dual head shower and tile bench in the shower, an ample storage closet, heat lamps and a large pedestal sink next to the toilet. The bar area is at the top of the open staircase and leads to the bridge to the rooftop garden. The garden has 2.5'deep planters and an automated watering system. There are 3 ea 2”x12” beams sistered in the roof of the bar 20' from the wall on the roof to act as a load point for the roof deck that I never got around to building. The roof has running water from a garden spigot at 23' from the roof wall. The electrical circuit for the garden deck is a dedicated line for the lights and the GFCI plug outside so that this circuit can be used for expansion to the roof. There was a new 30 year rubber roof installed in march of 2010 and has a 15 year guarantee that is transferable to the new owner.

The second floor is a wide open design with the kitchen in the middle of the room. The kitchen has a two bowl stainless steel sink with garbage disposal. The stainless steel stove, refrigerator and dishwasher are less that 12 years old. The range hood does vent to the outside. The tiled area under the breakfast counter has sub floor heating as does the carpet under the living room area. The rest of the floors are ¾” Bruce (TM) hardwood floors with waterproof glue used during installation as to allow for wet mopping. There is a green powder room off the kitchen and a cut in cubicle for discrete litterbox housing if you are a cat owner. The second and third floors are wired for cable  and dual line satellite TV.

On the ground floor the store in the front of the building (Barry's Homebrew) is aprox 14'x50' with one bathroom and 2 doorways. The rear doorway is set to cut a hatch access to the basement if needed for future use, otherwise the only access to the basement is via bilco doors at the front of the building. The front store has a 4 year old 2 ton HVAC unit with a 2.5 ton blower rated to cool the entire first floor if additional ductwork is added if the two stores are combined for a single use.The rear store (Vacuum Spot) is aprox 14'x20' with one bathroom and an under the stairs closet.

The basement is unfinished with a 8x10 walk in box that is currently being used as a wine cellar (wine not included in purchase price) There are two sump pumps that were installed after the Lowes/Ikea complex was built, but have not been used (except for hosing the floors) in 4 years due to the city fixing the rainwater back pressure problem the new complex caused. The sidewalk was dug up in 1999 and the P trap and waste lines were replaced. The basement offer easy access to install additional plumbing and electric if needed.

In short, this is an old style double layer brick building with new construction and has been expertly and lovingly maintained.

Lease purchace options will be considered.
This is a great place to live over your job as I have done for the last 15 years. It would be a great location for a 40-60 top restaurant. I planned one out a few years ago with a famous Philly chef when the brewing world had a hop crisis. There are plenty of electrical outlets installed in the stores for lots of desks and computers if an office is your plan.

Here are a few examples of what you can do:  Option #1  Option#2

If you have questions about lease options or rent to own options, please contact:

Barry Mulherin

267-345-3702

Here are a few picture that I took recently. Click on the image to enlarge.