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2244 N Front Street

PHILADELPHIA, PA 19133
  • $600,000
  • STATUS: Active
  • ON SITE: 114 Days
  • ID#: PAPH2099964
UPDATED: 35 min ago
$600,000
  • 0
    BEDS
  • 0.02
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1925
County:

School Ratings & Info

Description

New construction is everywhere around this golden opportunity on this critical artery of the Fishtown Kensington development boom. Here presented to you is a turn key established medical practice and two mixed use properties for sale. This is a rare opportunity for a doctor or medical professional looking to take over an established medical practice with a substantial revenue system and set the foundation for a much needed family medicine practice in a booming neighborhood with a high demand for this type of service. Add value to the medical practice by establishing an urgent care center in the same location. There is no urgent care center close by. Urgent care is a notoriously high income low overhead business model that serves a vital role in the wellness of a growing community. It+GGs a no brainer for a medical professional who has a strong business sense. The practice currently operating as a telemedicine office post pandemic and sees a range of 20-25 patients per day. Currently operates as a low overhead business model with very low expenses and grossing an annual revenue of $300,000 per year with minimal effort. This portion of the practice could be easily passed on and continued for years to come making it a great financial pad for an aspiring medical practitioner. This operation currently holds over 2,000 active medical patient files with various insurance provider records on file. There is a large opportunity for health insurance company bonuses for EMR patient profiling and an added $200k-$400k in annual revenue with the addition of a staff nurse practitioner. Eliminate site overhead by renting apartments above or converting upper floors to expand practice offerings by leasing or sharing space with other fields of medicine such as chiropractic, podiatry, dermatology, ophthalmology and more. These properties and medical practice can be bought collectively or separately. The asking price for each property is $200,000 and the medical practice is asking $600,000 to buy the business.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or TALBOT GREENYA GROUP | KELLER WILLIAMS. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-12T07:59:35.783.
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2244 N Front Street PHILADELPHIA, PA 19133

  • Price: $600,000
  • Status: Active
  • On Site: 114 Days
  • Updated: 35 min ago
  • ID#: PAPH2099964
0
Beds
0
Baths
0
½ Baths
0.02
Acres
1925
Built
Neighborhood:
19133 (19133)
County:
Philadelphia
Area:
19133 (19133)
School District:
The School District Of Philadelphia
Property Description
New construction is everywhere around this golden opportunity on this critical artery of the Fishtown Kensington development boom. Here presented to you is a turn key established medical practice and two mixed use properties for sale. This is a rare opportunity for a doctor or medical professional looking to take over an established medical practice with a substantial revenue system and set the foundation for a much needed family medicine practice in a booming neighborhood with a high demand for this type of service. Add value to the medical practice by establishing an urgent care center in the same location. There is no urgent care center close by. Urgent care is a notoriously high income low overhead business model that serves a vital role in the wellness of a growing community. It+GGs a no brainer for a medical professional who has a strong business sense. The practice currently operating as a telemedicine office post pandemic and sees a range of 20-25 patients per day. Currently operates as a low overhead business model with very low expenses and grossing an annual revenue of $300,000 per year with minimal effort. This portion of the practice could be easily passed on and continued for years to come making it a great financial pad for an aspiring medical practitioner. This operation currently holds over 2,000 active medical patient files with various insurance provider records on file. There is a large opportunity for health insurance company bonuses for EMR patient profiling and an added $200k-$400k in annual revenue with the addition of a staff nurse practitioner. Eliminate site overhead by renting apartments above or converting upper floors to expand practice offerings by leasing or sharing space with other fields of medicine such as chiropractic, podiatry, dermatology, ophthalmology and more. These properties and medical practice can be bought collectively or separately. The asking price for each property is $200,000 and the medical practice is asking $600,000 to buy the business.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4032.00 Heating Baseboard - Electric Heating YN Yes

Property Features

Accessibility Features Doors - Swing In Assessment Year 2022 Business Type Medical Central Air YN No Current Use Medical Offices Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 801444166888 Ownership Interest Leasehold Possession Immediate Property Sub Type Services Sale Type Standard Sewer Public Septic Tax Annual Amount 1380.00 Tax Assessment Amount 98600.00 Tax Lot 117 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Ergo Real Estate Company.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or TALBOT GREENYA GROUP | KELLER WILLIAMS. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-12T07:59:35.783.
 
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