PA > Philadelphia > Fishtown
Philadelphia, PA 19125,1828 FRANKFORD AVE
Philadelphia, PA 19125,1828 FRANKFORD AVE
Philadelphia, PA 19125,1828 FRANKFORD AVE
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$4,695,000
Est. payment /mo
10,600 SqFt
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UPDATED:

01/24/2025 08:34 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,600 sqft

Price per Sqft $442

Subdivision Fishtown

MLS Listing ID PAPH2432498

Originating Board BRIGHT

Year Built 2024

Annual Tax Amount $10,364

Tax Year 2025

Lot Size 3,239 Sqft

Acres 0.07

Lot Dimensions 20.00 x 122.00

Property Sub-Type Mixed Use

Property Description

Select Commercial Advisors is pleased to present the opportunity to acquire a turnkey 6.0% cap rate multifamily asset with a 10-year tax abatement in Fishtown, featuring 9 luxury residential units and 1 commercial space located on a prime, high-visibility corner of bustling Frankford Avenue. Acquire this high-quality, low-maintenance, new-construction property designed by Ambit Architecture and built by Grit Construction. Delivered 100% leased, the property offers both steady cash flow and strong future upside driven by the rapidly-developing Fishtown/Northern Liberties submarket. Ownership has secured an attractive triple-net commercial lease on a ten year term with Taylor Chip for the 1,650 square foot ground floor retail space. As new construction deliveries in this submarket slow down over the next 1-2 years, demand is expected to outpace supply, driving further rental growth in this vibrant and rapidly appreciating neighborhood. This is a unique opportunity for investors to acquire a high-quality, income-producing asset and capitalize on a growing market with significant long-term upside. Contact listing agent for full offering memorandum.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 183050100

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Samantha Lee Miller • Select Commercial Advisors
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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1828 FRANKFORD AVE

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