Homes for sale - 2001-5 FRANKFORD AVE, Philadelphia, PA 19125

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Jen Demarest

jennifer@theparkergroup.com +1(302) 278-5591

$8,000,000

Est. payment - /mo

25,225 SqFt

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UPDATED:

11/26/2024 04:09 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 25,225 sqft

Price per Sqft $317

MLS Listing ID PAPH2421106

Originating Board BRIGHT

Year Built 2024

Annual Tax Amount $14,242

Tax Year 2024

Lot Size 6,169 Sqft

Acres 0.14

Lot Dimensions 60.00 x 120.00

Property Description

"The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. 2001 Frankford = 8 apts + 2x commercial. 240 E Girard = 9 apts + 2x commercial. Currently in lease-up, these assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 7.32% pro forma cap rate. 10 year tax abatement. Enquire within for financials. Photos coming soon.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Central

Exterior

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Garage N

Building

Lot Description Corner

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 881068753

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Ryan J McManus • Keller Williams Liberty Place

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Jen Demarest

+1(302) 278-5591

Agent

2001-5 FRANKFORD AVE Philadelphia, PA 19125

Jen Demarest

Key Details

Location

Interior

Exterior

Building

Schools

Others

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