$3,000,000

2001-5 FRANKFORD AVE, Philadelphia, PA 19125

9,120 sqft

other
Built in 2024
6,098sqft lot
—— car garage
$329/sqft
Listed 11 months ago

Property Description

$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost 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. Signed lease for ground floor commercial (bar concept) — all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) — apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments 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. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket. ***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.

Listing Status:: Active
Date Added:: December 31, 2024 at 06:00AM
Listing Office:: Keller Williams Liberty Place : 6093995454
Listing Agent:: Ryan J McManus : 6106061095
MLS ID:: PAPH2421770

Basement: Other
Flooring: Luxury vinyl plank
A/C: Central A/C
Heating: CentralCentral
Disability Feature: None

General: Above Grade
Style: Contemporary

Roofing: Fiberglass
General: MasonryConcrete Perimeter

Originating MLS: BRIGHT_MAIN
School District: PHILADELPHIA CITY
County: PHILADELPHIA-PA

Zoning: CMX2881068753
View: City

Water: Public
Sewer: Public Sewer

Source: BRIGHT_MAIN

This listing courtesy of Ryan J McManus, Keller Williams Liberty Place

Monthly Payment

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Horatio B. Hackett School

2161 E York St, Philadelphia, PA, 19125

Grades KG-5

0.25 miles away

Penn Treaty High School

600 E Thompson St, Philadelphia, PA, 19125

Grades 6-12

0.43 miles away

Kensington Creative & Performing Arts High School

1901 N Front St, Philadelphia, PA, 19122

Grades 9-12

0.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.