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    2017-2029 W Diamond St

    PHILADELPHIA, PA 19121
    • $1,150,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: PAPH995370
    UPDATED: 56 min ago
    $1,150,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    Description

    DIAMOND STREET REDEVELOPMENT OPPORTUNITY :: A handsome large stone and brick facility with excellent proportions, good bones, and plenty of curb appeal is offered for development with property tax incentives. This parcel includes five parcels with six buildings that total 22,164 SF sitting on 14,867 SF of land. || The main facility includes three buildings that total 18,348 SF with a 120' front and 100' depth and is composed of the Church-Chapel-Rectory, plus a full interconnected walkable basement with concrete floors below grade, and plenty of groomed outdoor space. || The main level of the Church opens to an expansive community hall with tall ceilings. The second level contains the central nave with a balcony and soaring ceiling where an additional third level of about 5,400 SF can be added. The chapel is two-stories with a generous open footprint that connects the church to the rectory. Finally, the rectory is a modest three-story structure that can serve as either office or living space. || Although the primary facility offers sound structures, these three buildings require a complete overhaul to modernize all systems, which would then make it eligible for a ten-year property tax abatement on the improvements. Providing all-new contemporary amenities and retooling the mission would anchor this facility as a hub in the evolving nearby community. || This property is located within the Diamond Street Historic District which is celebrated for its elegant Victorian townhome architecture proceeding from Broad Street west to Van Pelt Street which once served the expanding nouveau riche following post-Civil War industrialization. Your architect can advise you on the benefits of a Facade Easement or Historic Tax Credits to defray reconstruction costs. || Furthermore, this property is located within a KIZ 'Keystone Innovation Zone' which provides benefits, incentives, and tax credits to for-profit companies in life sciences and technology. || Three brick residential structures on Woodstock Street adjoin the main parcel and is an integral component of the sale. Each lot is 16'x60' and is zoned single-family, RSA5. These buildings are two-story 1,272 SF residences, each with three bedrooms plus a full walkable basement. These residential structures have over the years aided the mission of the main facility and are packaged with the main parcel as an option to support the new owners' objectives. The residential properties are not shells, yet a complete rehab of all systems will make each of these residences eligible for a ten-year property tax abatement on the improvements and an ARV north of $225K. || Overall, this offering is suitable for use as a: Hospitality or Teaching Facility, Medical-Health Facility, Long-Term Care, Tech Ctr, Event Center, Special Purpose, Multifamily, or Community Center. || This facility is located on a generous double-wide street and provides a good public transportation corridor to Broad Street, Temple Univ, and Center City. Ask us about parking opportunities for your redevelopment project. || Please feel free to contact us to discuss details and various development objectives.

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    ©2021 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 LoCoMusings | Century 21 Redwood Realty. 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: 2021-05-10T17:52:39.767.
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    2017-2029 W Diamond St PHILADELPHIA, PA 19121

    • Price: $1,150,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: PAPH995370
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    1930
    Built
    Neighborhood:
    North Phila West
    County:
    Philadelphia
    Area:
    19121 (19121)
    School District:
    The School District Of Philadelphia
    Property Description
    DIAMOND STREET REDEVELOPMENT OPPORTUNITY :: A handsome large stone and brick facility with excellent proportions, good bones, and plenty of curb appeal is offered for development with property tax incentives. This parcel includes five parcels with six buildings that total 22,164 SF sitting on 14,867 SF of land. || The main facility includes three buildings that total 18,348 SF with a 120' front and 100' depth and is composed of the Church-Chapel-Rectory, plus a full interconnected walkable basement with concrete floors below grade, and plenty of groomed outdoor space. || The main level of the Church opens to an expansive community hall with tall ceilings. The second level contains the central nave with a balcony and soaring ceiling where an additional third level of about 5,400 SF can be added. The chapel is two-stories with a generous open footprint that connects the church to the rectory. Finally, the rectory is a modest three-story structure that can serve as either office or living space. || Although the primary facility offers sound structures, these three buildings require a complete overhaul to modernize all systems, which would then make it eligible for a ten-year property tax abatement on the improvements. Providing all-new contemporary amenities and retooling the mission would anchor this facility as a hub in the evolving nearby community. || This property is located within the Diamond Street Historic District which is celebrated for its elegant Victorian townhome architecture proceeding from Broad Street west to Van Pelt Street which once served the expanding nouveau riche following post-Civil War industrialization. Your architect can advise you on the benefits of a Facade Easement or Historic Tax Credits to defray reconstruction costs. || Furthermore, this property is located within a KIZ 'Keystone Innovation Zone' which provides benefits, incentives, and tax credits to for-profit companies in life sciences and technology. || Three brick residential structures on Woodstock Street adjoin the main parcel and is an integral component of the sale. Each lot is 16'x60' and is zoned single-family, RSA5. These buildings are two-story 1,272 SF residences, each with three bedrooms plus a full walkable basement. These residential structures have over the years aided the mission of the main facility and are packaged with the main parcel as an option to support the new owners' objectives. The residential properties are not shells, yet a complete rehab of all systems will make each of these residences eligible for a ten-year property tax abatement on the improvements and an ARV north of $225K. || Overall, this offering is suitable for use as a: Hospitality or Teaching Facility, Medical-Health Facility, Long-Term Care, Tech Ctr, Event Center, Special Purpose, Multifamily, or Community Center. || This facility is located on a generous double-wide street and provides a good public transportation corridor to Broad Street, Temple Univ, and Center City. Ask us about parking opportunities for your redevelopment project. || Please feel free to contact us to discuss details and various development objectives.
    Exterior Features

    Construction Materials Masonry Direction Faces South Garage YN No Location Type Corner Lot/Unit Lot Features Additional Lot(S)Corner Parking Types None Riparian Rights YN No Roof Slate Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 22164.00 Cooling None Flooring Wood Heating Radiator Heating YN Yes Net Square Feet 22164.00

    Property Features

    Acceptable Financing CashConventionalIndustrial Development Authority Accessibility Features None Assessment Year 2021 Association YN No Business Type Religious Facility Central Air YN No Cooling Fuel None Cross Street Woodstock Electric 200+ Amp Service Heating Fuel Natural GasOil Historic YN Yes Hot Water Electric Incorporated City Name Philadelphia Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 304510006810 Ownership Interest Fee Simple Possession Immediate Property Sub Type Special Purpose Sale Type Standard Sewer Public Sewer Tax Annual Amount 12644.00 Tax Assessment Amount 903200.00 Vacation Rental YN No Water Source Public Zoning Rsa5 Zoning Description Residential

    Listing courtesy of Keller Williams Philadelphia.


    ©2021 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 LoCoMusings | Century 21 Redwood Realty. 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: 2021-05-10T17:52:39.767.
     
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