Philadelphia, PA 19125 2001 Frankford Avenue

Pending
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Presented By: Keller Williams Liberty Place
  • MLS# PAPH2423012
  • 11/26/2024
  • Request Tour
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  • SQFT • 9,120

Home Details

$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.
Presented By: Keller Williams Liberty Place

Interior Features for 2001 Frankford Avenue

Other Interior Features

Central Air Y/NYes
FlooringLuxury Vinyl Plank
Heating FuelCentral
Heating Y/NYes
Hot WaterNatural Gas

General for 2001 Frankford Avenue

AccessibilityNone
Business TypeApartment Building, Other/General Retail
Cap Rate8.40
CityPHILADELPHIA
Construction Completed Y/NNo
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingCentral A/C
CountyPHILADELPHIA
Directions2301 FRANKFORD; 2001 FRANKFORD; 240 E GIRARD
HeatingCentral
Historic Y/NNo
Location TypeUrban
Lot Size Square Feet6169.00
Lot Size UnitsSquare Feet
MLS Area19125 (19125)
ModificationTimestamp2025-04-02T15:29:18
MunicipalityPHILADELPHIA
New ConstructionYes
Number Of Units Total7
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG328.95
Property ConditionExcellent
Property SubtypeFive Or More Units
Property TypeCommercial Sale
RoofFiberglass
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Tax Annual Amount14242.0
Tax Assessed Value1017500.0
Tax Lot93
Tax Year2024
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
Waterfront Y/NNo
Year Built2024
Year Built SourceEstimated
ZoningCMX2

Exterior for 2001 Frankford Avenue

Building Area Total9120.00
Foundation DetailsConcrete Perimeter
Land Assessed Value101750.00
Land Use CodeCA0
Lot Dimensions60.00 x 120.00
Lot FeaturesCorner
Lot Size Acres0.14
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $3,000,000
MLS#PAPH2423012
List Date 11/26/2024
Property Type Pending
Phone 703.929.4729
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