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Marjorie Dick Stuart

  • Cell 240-731-8079
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2001-5 Frankford Ave, PHILADELPHIA, PA – $3,000,000

  • $3M Price
  • 9,120 Sqft
  • .14 Acres
  • 58 DOM
  • $3M Price
  • 9,120 Sqft
  • .14 Acres
  • 58 DOM

2001-5 Frankford Ave

$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.

Essential Information

  • MLS® #PAPH2423012
  • Price$3,000,000
  • Bathrooms0.00
  • Square Footage9,120
  • Acres0.14
  • Year Built2024
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address2001-5 Frankford Ave
  • Area19125
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19125

Amenities

  • ViewCity

Interior

  • HeatingCentral
  • CoolingCentral A/C

Exterior

  • Lot DescriptionCorner Lot
  • RoofFiberglass
  • FoundationConcrete Perimeter

School Information

  • DistrictPHILADELPHIA CITY

Additional Information

  • Date ListedNovember 26th, 2024
  • Days on Market58
  • ZoningCMX2

Listing Details

  • OfficeKeller Williams Liberty Place
  • Office Contact6093995454
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Price Change History for 2001-5 Frankford Ave, PHILADELPHIA, PA (MLS® #PAPH2423012)

Date Details Price Change
Price Reduced (from $3,350,000) $3,000,000 $350,000 (10.45%)

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Listing information last updated on January 22nd, 2025 at 1:45pm CST.