$490,000

2303 Frankford Ave

PHILADELPHIA PA, 19125

Description

Fantastic opportunity priced to sell in the middle of exploding Frankford Avenue corridor. New construction all around. Millennials and developers are filling in every gap and storefront in this exciting and lively area of 24/7 live work play Fishtown. Zoned CMX 2 this property is currently a bank branch on the ground floor with offices on floors two and three. Zoning allows for another story addition by right. The highest and best use of this property is to add another story to the property. Pricing takes into consideration a generous rehab cost and immediate owners equity once rehab is complete. Basement is already over 7 foot clearance. Just apply for the permits and start adding equity! Make an offer now as this property is already receiving interest. Renovations will qualify property for a 10 year tax abatement.

Details

MLS#PAPH803200
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1950
Days On Site437

Features

SQ Feet3,200
Units3
ZoningCMX2
Loading Form
Loading Form
Area Information
StatePA
CityPHILADELPHIA
Zip Code19125
Area19125 (19125)
Listing VS Median (in 19125)
Price:
$490,000
low | high
Med:
$269,000
95.102040816327% of Average
SqFt:
3,200
low | high
Med:
768
100% of Average
$ / SqFt:
$153
low | high
Med:
$350
78.74149659864% of Average
On Site:
437
low | high
Med:
16
100% of Average
Listing Updated: 08/13/2020
William Kilrain LogoMLS Number: PAPH803200
Listing Provided By:
William Kilrain  of  American Heritage Realty