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Select Commercial Advisors proudly presents the Somerset & Ruth Portfolio, an exceptional mixed-use assemblage spanning over 21,000 square feet across six contiguous properties with frontage on three streets in Kensington, North Philadelphia. This unique offering combines income-generating assets with significant future development potential, making it a prime opportunity for savvy investors and developers. This offering represents a rare chance to acquire a substantial footprint in a neighborhood poised for continued growth and revitalization. Whether you're looking to expand your investment portfolio or embark on a new development project, the Somerset & Ruth Portfolio promises both immediate returns and long-term value appreciation. The Somerset & Ruth assemblage includes two occupied buildings with garages - including a 14,500 square foot warehouse - two vacant buildings, and two vacant lots. The properties are ideally situated just one block from the Somerset Station in Kensington - an historic neighborhood bounded by Fishtown to the South, Port Richmond to the North, and the Delaware River to the East. The area is conveniently accessible via major transportation routes including Interstate 95 and SEPTA's Market-Frankford Line, providing easy connectivity to Center City and other parts of Philadelphia. Contact our team today to schedule a tour. Offering memorandum available upon request.
| DAYS ON MARKET | 120 | LAST UPDATED | 9/19/2024 |
|---|---|---|---|
| TRACT | KENSINGTON | YEAR BUILT | 1920 |
| COMMUNITY | 19134 (19134) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Sep 19, '24 | $1,850,000 |
|---|---|
| Sep 19, '24 - Today | $1,675,000 |
| ADDITIONAL DETAILS | |
| AREA | 19134 (19134) |
|---|---|
| LOT | 8276 sq ft |
| LOT DIMENSIONS | 40.00 x 144 |
| SEWER | Public Sewer |
| SUBDIVISION | KENSINGTON |
| TAXES | 4316 |
| WATER | Public |
| ZONING | Use Code: PB0 Comm: Auto Repair Shop, Masonry |
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