Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2022
Sq.Footage
N/A
Incredibly rare development opportunity along the booming Front Street corridor! Property is zoned CMX2.5 and has plans for 7 residential units plus ground floor commercial space. Plans could be amended for 8 residential units. Sale comes with an “R” liquor license. Original charm and finishes meticulously maintained throughout the building reflect the unique character of the property and the bustling neighborhood. Will qualify for a full 10-year tax abatement given the property is a renovation. Steadily increasing rents and property values in the neighborhood, along with a very robust development atmosphere, make this a prime opportunity for any investment buyer! Easy access to Fishtown, I-95, the Market-Frankfurt line make this an ideal location for condos or apartments! There is an existing elevator shaft, fire escape, large basement, five floors with very high ceilings. Harman Deutsch Ohler Architects have designed an incredible renovation plan calling for ground floor commercial, three 2 bedroom, 2bathroom units, three 1 bedroom, 1 bathroom units, and one 3 bedroom, 3bathroom penthouse with roof deck and pilot house. Expansive views of Center City and the Delaware River as this is one of the tallest buildings in Fishtown. Non Historic QOZ opportunity.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.05
-
Property Type
Commercial Sale
Exterior
-
Garage
No
Financial
-
Sales Price
$1,650,000
-
Tax Amount
2407.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Stephen D. Stafford , SDG Management, LLC
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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