4343 & 4345 Main Street | Manayunk
8 Apartment Units | 3,500 SF Commercial Space
Overview
- Offering Price $3,300,000
- Apartment Units 8
- Pro Forma CAP Rate 6.8%
- Commercial Space 3,500 SF
- Building Size 8,145 SF
- Price per Unit $330,000
On behalf of Ownership, GREA is pleased to exclusively offer the opportunity to acquire the fee simple interest in 4343-45 Main Street in the Manayunk section of Philadelphia (the “Property” or “Asset”). The Asset comprises 8 apartment units and 3,500 square feet of commercial space with a mix of studio, one-bedroom, and two-bedroom floor plans.
4343-45 Main Street presents new ownership the opportunity to perform a light value-add renovation plan in select units and the common hallways to increase rents. The Asset offers upgraded apartment product that attracts young professionals looking for proximity to Manayunk’s amenity-rich Main Street.
The Property services a growing tenant base looking for a location surrounded by restaurants, coffee shops, and nightlife. Tenants can run or ride their bikes on the popular Schuylkill River Trail, in minutes access the Main Line Suburbs, or take a quick ride into Conshohocken.
4343-45 Main Street is also home to Yanako Sushi Bar and Chabaa Thai Bistro. Both are owned by the same Restauranteur, Moon Krapugthong, and the concepts have a long history of success on Main Street.
4343-45 Main Street is minutes from major highway routes such as Route 1 and Interstate-76, presenting unparalleled access throughout the Philadelphia MSA. Further, tenants are a short walk from the Manayunk Train Station on the Manayunk Norristown Line, carrying commuters to employers in Center City Philadelphia in 15 minutes.
The Asset provides new ownership the prospect of acquiring a quality mixed-use property that both has and will continue to perform well into the future.