$275,000

2252 N Front St

PHILADELPHIA PA, 19133

Description

Shovel ready Qualified Opportunity Zone (QOZ) development site in the booming Kensington submarket of Philadelphia, Pennsylvania. This is a transit oriented development site (TOD) located just steps from the Septa Market Frankford El train at Dauphin Station. The permits and plans are approved to construct 4 storeys with 3 apartments atop commercial space. The boutique building calls for just under 2500 SF total. Commercial SF =296 SF. Unit 1 = 2bd x 1ba on 1st floor and lower level. Unit 2 = 1bd x 1ba full floor flat on 2nd floor. Unit 3 = 2bd x 1ba bilevel on 3rd and 4th floors with rooftop terrace. Each apartment is smartly designed with dedicated outdoor space. 67,800 annual pro forma income. 6.75 per cent pro forma cap rate. Pro forma available upon request. Inquire within. This coveted location along Front Street under The El is easily walkable to prime amenities in Fishtown. 10 year tax abatement. Permits and plans included. Buy and build. MAKE YOUR MOVE!

Details

MLS#PAPH976604
Listing TypeFor Sale
Sub-TypeResale
Status10000069142
Days On Site19

Features

ZoningCMX2
Acreage0.02
Loading Form
Loading Form
Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19133
Area19133 (19133)
Listing VS Median (in 19133)
Price:
$275,000
low | high
Med:
$50,000
100% of Average
On Site:
19
low | high
Med:
168
11.309523809524% of Average
Listing Updated: January 24, 2021 8:41:29 PM PST
Ryan J McManus LogoMLS Number: PAPH976604
Listing Provided By:
Ryan J McManus  of  Compass Pennsylvania LLC
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

© 2020 Bright MLS, All Rights Reserved