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5501-9 Walnut Street

PHILADELPHIA, PA 19139
  • $1,000,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: PAPH2090130
UPDATED: 46 min ago
$1,000,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Description

Investor Alert! 10 Cap Development opportunity on high traffic commercial corridor. This rare development opportunity is in an up and coming area of West Philadelphia. This is an enormous corner property ripe for development and located right near the 56th St Terminal for the Market Frankford Train Line, 2.5 miles from 30th St Station and I-76 entrance. The property is currently being used as an auto repair shop which has a 7,494 Sq/Ft lot with a 1,815 Sq/Ft Garage/Office zoned CMX-2.By right you are able to build:Gross Square footage: 23,980 Sq/Ft Total Units: 15 unitsTotal Acquisition and Construction: Purchase Property: $1,000,000Total Soft Cost: $50,000Total Project Costs: $2,697,750Total Acquisition and construction: $3,747,750Cap Rate on Cost: Net Income: $390,597.46Total Acquisition and construction: $3,747,750Capitalization Rate of Return on Cost: 10.422%

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©2022 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: 2022-08-14T23:58:29.773.
www.locomusings.com/homes/127167705
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5501-9 Walnut Street PHILADELPHIA, PA 19139

  • Price: $1,000,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 46 min ago
  • ID#: PAPH2090130
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1925
Built
Neighborhood:
19139 (19139)
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
Investor Alert! 10 Cap Development opportunity on high traffic commercial corridor. This rare development opportunity is in an up and coming area of West Philadelphia. This is an enormous corner property ripe for development and located right near the 56th St Terminal for the Market Frankford Train Line, 2.5 miles from 30th St Station and I-76 entrance. The property is currently being used as an auto repair shop which has a 7,494 Sq/Ft lot with a 1,815 Sq/Ft Garage/Office zoned CMX-2.By right you are able to build:Gross Square footage: 23,980 Sq/Ft Total Units: 15 unitsTotal Acquisition and Construction: Purchase Property: $1,000,000Total Soft Cost: $50,000Total Project Costs: $2,697,750Total Acquisition and construction: $3,747,750Cap Rate on Cost: Net Income: $390,597.46Total Acquisition and construction: $3,747,750Capitalization Rate of Return on Cost: 10.422%
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On StreetParking Lot Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Accessibility Features Doors - Swing In Assessment Year 2022 Central Air YN Yes Cooling Fuel Natural Gas Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 801379977364 Ownership Interest Fee Simple Possession 1+Year Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 1300.00 Tax Assessment Amount 92900.00 Vacation Rental YN No Water Source Public Zoning Cmx2

Listing courtesy of Ergo Real Estate Company.


©2022 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: 2022-08-14T23:58:29.773.
 
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