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3945 Frankford Avenue

PHILADELPHIA, PA 19124
  • $2,775,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: PAPH2195160
UPDATED: 106 min ago
$2,775,000
  • 0
    BEDS
  • 1.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Frankford
Type:
Commercial
Built:
1955
County:
Philadelphia
Area:
19124 (19124)

School Ratings & Info

School District:
The School District Of Philadelphia
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Description

Excellent Multi-Family Development Opportunity to build 162 RESIDENTIAL UNITS BY RIGHT. CMX-2 Zoning offers may options for Development. Situated on 1.8 Acres, the site is comprised of 1 Story 7,760 SQ FT building & Gated Lot with 83 Surface Parking Spaces that is currently leased. Lot Characteristics: 371 x 200, Lot Size: 78, 610 SQ FT & Total Acres of 1.8046. Triple Net Lease, with Annual Rental Income of $130,000 with Annual Increases. An Additional $10,000 in additional annual Billboard Revenue in the Parameter. Conveniently located in the Frankford neighborhood with easy access to 1-95, The Betsy Ross Bridge & US Route 1. Walk Score83, Transit Score 64, Bike Score 66. Just minutes walk from the MFL Frankford TC to 69th St TC at the Erie Torresdale Station - MFL stop. Nearby parks include Frankford Park, Harrowgate Park and Gates Park.

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©2023 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: 2023-03-29T23:50:44.48.
www.locomusings.com/homes/137229988
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3945 Frankford Avenue PHILADELPHIA, PA 19124

  • Price: $2,775,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 106 min ago
  • ID#: PAPH2195160
0
Beds
0
Baths
0
½ Baths
1.8
Acres
1955
Built
Neighborhood:
Frankford
County:
Philadelphia
Area:
19124 (19124)
School District:
The School District Of Philadelphia
Property Description
Excellent Multi-Family Development Opportunity to build 162 RESIDENTIAL UNITS BY RIGHT. CMX-2 Zoning offers may options for Development. Situated on 1.8 Acres, the site is comprised of 1 Story 7,760 SQ FT building & Gated Lot with 83 Surface Parking Spaces that is currently leased. Lot Characteristics: 371 x 200, Lot Size: 78, 610 SQ FT & Total Acres of 1.8046. Triple Net Lease, with Annual Rental Income of $130,000 with Annual Increases. An Additional $10,000 in additional annual Billboard Revenue in the Parameter. Conveniently located in the Frankford neighborhood with easy access to 1-95, The Betsy Ross Bridge & US Route 1. Walk Score83, Transit Score 64, Bike Score 66. Just minutes walk from the MFL Frankford TC to 69th St TC at the Erie Torresdale Station - MFL stop. Nearby parks include Frankford Park, Harrowgate Park and Gates Park.
Exterior Features

Construction Materials Masonry Garage YN No Location Type Urban Lot Features Corner Parking Features PrivateFenced Parking Types Parking LotPrivate GarageDriveway Property Condition Good Riparian Rights YN No Road Surface Type Concrete Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7760.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 78610.00 Security Features Carbon Monoxide Detector(S)Security GateSmoke DetectorSprinkler System - Indoor

Property Features

Acceptable Financing CashConventionalOther Accessibility Features None Assessment Year 2023 Business Type Parking GarageParking LotApartment BuildingDay Care FacilityFlexInstitutionalMedicalProfessionalReligious FacilityShopping CenterSupermarket/Grocery StoreTruck Maintenance Facility Central Air YN Yes Cooling Fuel Electric Cross Street Levick St Gross Income 130000.00 Heating Fuel None Historic YN No Hot Water Electric Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 802111440142 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 21916.00 Tax Assessment Amount 1565700.00 Total Actual Rent 130000.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 Mile Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Re/Max @ Home: .


©2023 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: 2023-03-29T23:50:44.48.
 
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