Twitter
Facebook
Email
|
This prime 1.8-acre site offers an incredible opportunity for developers, with the potential to build 162 residential units by right under CMX-2 zoning. The property currently features a 7,760 Sq/Ft single-story building and a gated lot with 83 surface parking spaces, all of which are leased under a Triple Net Lease generating $144,000 in annual rental income, with annual increases. The lease is also a 5 year lease which just commenced. Additionally, the site generates an extra $10,000 in annual billboard revenue. The lot dimensions are 371 x 200 feet, with a total size of 78,610 sq. ft. (1.8 acres). The property is ideally located in the bustling Frankford neighborhood, offering convenient access to I-95, the Betsy Ross Bridge, and US Route 1. The property is also well-connected with excellent transit options, boasting a Walk Score of 83, Transit Score of 64, and Bike Score of 66. It's just a short walk to the MFL Frankford TC to 69th Street TC at the Erie Torresdale Station. Nearby parks include Frankford Park, Harrowgate Park, and Gates Park, making this an excellent location for future residential development. This is a rare opportunity for a buyer or investor to take advantage of a well-located, income-generating property with significant development potential. Don't miss out on this exceptional investment opportunity!
| DAYS ON MARKET | 28 | LAST UPDATED | 2/6/2025 |
|---|---|---|---|
| TRACT | FRANKFORD | YEAR BUILT | 1955 |
| COMMUNITY | 19124 (19124) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19124 (19124) |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 1.8 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 371.00 x 200.00 |
| PARKING | Private, Garage, Parking Lot, Driveway |
| SEWER | Public Sewer |
| SUBDIVISION | FRANKFORD |
| TAXES | 24847 |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Street |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by RE/MAX @ HOME
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2025.