Philadelphia, PA 19125,2221 FRANKFORD AVE
Philadelphia, PA 19125,2221 FRANKFORD AVE
Philadelphia, PA 19125,2221 FRANKFORD AVE
Philadelphia, PA 19125,2221 FRANKFORD AVE
Philadelphia, PA 19125,2221 FRANKFORD AVE
Philadelphia, PA 19125,2221 FRANKFORD AVE
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$615,000

$585,000

5.1%
Est.Price: ?

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Est. payment /mo

1,312 Sqft Lot


SOLD DATE : 01/11/2023

Key Details

Sold Price $615,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

Subdivision Fishtown

MLS Listing ID PAPH2133396

Sold Date 01/11/23

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $5,362

Tax Year 2023

Lot Size 1,312 Sqft

Acres 0.03

Lot Dimensions 17.00 x 79.00

Property Description

Shovel-ready multifamily development opportunity in Fishtown on Frankford Avenue - located at the epicenter of Philadelphia's most popular neighborhood. This is Philly's new "high street" lined with authentic and original merchants, businesses and residents alike. Plans are optimally designed and fully-approved for a 4,667 SF 4-storey building with three (3) luxury residences atop a ground floor commercial studio. The residential apartments have been engineered to sell as for-sale condos but can also be held as cash-flowing rentals that will achieve top-of-market rents. Each residence is bi-level (upper units are tri-level) with roughly 1300 SF open concept flooplans. The lower unit has a home office/flex space plus private garden. The upper units have private skyline rooftop terraces and balconies. The Location is home to Philly's best restaurants and shops and The Property is ideally designed to derive maximum value whether it's built to sell or held for investment purposes. The full 10 year tax abatement has been secured. Enquire within for permits, plans and due diligence materials.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX2

Exterior

Waterfront N

Water Access N

View City

Garage N

Building

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 311163500

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Ryan J McManus • Compass RE
Bought with Gabriel S Polishuk • Keller Williams Philadelphia
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3 Lemoyne Drive, Suite 100, Lemoyne, PA, 17043

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