Remarks

Exceptional investment and owner-user opportunity in the heart of Philadelphias Frankford neighborhood! This two-story, 6,526 sq/ft commercial building is zoned CMX-2, offering excellent flexibility for mixed-use, redevelopment, or continued income-producing purposes. This property has two units with the 1st floor being rented by a Church and has occupied the space for a long time. The church is on a month-to-month triple net lease paying $1,500/month. The second floor is currently vacant and in shell condition. The current owner uses this second floor for storage purposes.

The building is well maintained and has two separate electric meters and one water meter. The first-floor unit is in great condition and includes forced air for heating and cooling. The church has your typical assembly hall for weekly services, common area, office, two bathrooms, and even a small kitchen area. There is a small basement accessible from the front which provides additional utility or storage space.

Located in a high-traffic area of Frankford, this property offers excellent visibility and accessibility, making it ideal for investors, business owners, or developers. With an income-producing first floor and an opportunity to add significant value on the second, this property is perfect for anyone seeking a cash-flowing investment with upside potential.

Details

MLS#: PAPH2529208
Price: $325,000

Year Built: 1924

County: PHILADELPHIA
Subdivision: Frankford
Tax Fee: 2831

School District: THE SCHOOL DISTRICT OF PHILADELPHIA