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329-31 N 12TH Street

PHILADELPHIA, PA 19107
  • $5,666,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: PAPH2318606
UPDATED: 30 min ago
$5,666,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1935
County:

School Ratings & Info

Description

Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.

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©2024 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-20T19:54:33.153.
www.newhometeammd.com/homes/147239576
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329-31 N 12TH Street PHILADELPHIA, PA 19107

  • Price: $5,666,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 30 min ago
  • ID#: PAPH2318606
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1935
Built
Neighborhood:
Loft District
County:
Philadelphia
Area:
19107 (19107)
School District:
The School District Of Philadelphia
Property Description
Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.
Exterior Features

Construction Materials BlockBrick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4500.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 12995.00

Property Features

Acceptable Financing ExchangeConventionalContractCashNegotiableOtherVariable Accessibility Features None Business Type Parking LotOther/General RetailProfessionalRestaurant/BarSupermarket/Grocery Store Central Air YN Yes Cooling Fuel Electric Cross Street CALLOWHILL Heating Fuel Natural Gas Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Original MLSNumber 802846929166 Ownership Interest Fee Simple Possession Immediate Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 26749.00 Tax Assessment Amount 1996200.00 Tax Lot 246 Vacation Rental YN No Water Source Public Zoning G2

Listing courtesy of Liberty Real Estate: .


©2024 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or New Home Team of Maryland | RE/MAX Distinctive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-20T19:54:33.153.
 
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