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15 N 59TH Street

PHILADELPHIA, PA 19139
  • $2,600,000
  • STATUS: Active
  • ON SITE: 157 Days
  • ID#: PAPH2109114
$2,600,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

Description

Jim Thornton Construction Company, Inc. is pleased to extend to qualified investors the opportunity to acquire 15 N 59th Street, a 12,900 square foot brick and heavy timber warehouse, located just steps from the Market-Frankford Line. The property is in a Qualified Opportunity Zone and across the street from the just completed $64,000,000 +G+New Market West+G- transit-oriented development complex. This listing presents the unique opportunity to acquire a rare, well-located property with significant potential in the sought-after University City West, Haddington & Cobbs Creek 19139 emerging zip code. Presently zoned as CMX2, the possibilities are endless: concept drawings and renderings show floor plans for 24 two-bedroom apartments and one retail space; first-floor plans for a self-storage facility designed by Janus International; and a set of drawings for an artisan brewery with banquet hall designed by Digsau Architect. A survey is available for the warehouse, and it includes three contiguous properties that are not presently for sale but could be. (Historical tax credits, New Market Tax Credits, and affordable housing tax credits may be accessible to off-set construction related costs. If zoning can be converted by buyer to CMX3, then a developer may be able to expand to many more units). Contact Listing agent for more details or questions. Agent is related to owner, and owner is also a licensed Realtor.

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©2022 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 Charis Realty Group. 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: 2022-10-03T23:50:26.143.
www.charisrealtygroup.com/homes/128206206
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15 N 59TH Street PHILADELPHIA, PA 19139

  • Price: $2,600,000
  • Status: Active
  • On Site: 157 Days
  • ID#: PAPH2109114
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1940
Built
Neighborhood:
19139 (19139)
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
Jim Thornton Construction Company, Inc. is pleased to extend to qualified investors the opportunity to acquire 15 N 59th Street, a 12,900 square foot brick and heavy timber warehouse, located just steps from the Market-Frankford Line. The property is in a Qualified Opportunity Zone and across the street from the just completed $64,000,000 +G+New Market West+G- transit-oriented development complex. This listing presents the unique opportunity to acquire a rare, well-located property with significant potential in the sought-after University City West, Haddington & Cobbs Creek 19139 emerging zip code. Presently zoned as CMX2, the possibilities are endless: concept drawings and renderings show floor plans for 24 two-bedroom apartments and one retail space; first-floor plans for a self-storage facility designed by Janus International; and a set of drawings for an artisan brewery with banquet hall designed by Digsau Architect. A survey is available for the warehouse, and it includes three contiguous properties that are not presently for sale but could be. (Historical tax credits, New Market Tax Credits, and affordable housing tax credits may be accessible to off-set construction related costs. If zoning can be converted by buyer to CMX3, then a developer may be able to expand to many more units). Contact Listing agent for more details or questions. Agent is related to owner, and owner is also a licensed Realtor.
Exterior Features

Construction Materials MasonryBrick Garage YN No Parking Types OtherPrivate GarageOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 12900.00 Cooling None Heating None Net Square Feet 16700.00

Property Features

Acceptable Financing CashNegotiableConventional Accessibility Features None Assessment Year 2022 Business Type Warehouse Central Air YN No Cooling Fuel None Cross Street Market Heating Fuel None Hot Water None Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 5 Original MLSNumber 801511606644 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Hook/Up Avail Tax Annual Amount 3547.00 Tax Assessment Amount 253400.00 Tax Lot 202 Vacation Rental YN No Water Source Lateral Not Installed/Must Tap Off Main Zoning Cmx2 Zoning Description See Philadelphia Zoning Guidelines

Listing courtesy of Coldwell Banker Realty: .


©2022 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 Charis Realty Group. 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: 2022-10-03T23:50:26.143.
 
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Charis Realty Group
1896 Urbana Pike, Suite 6
Clarksburg MD, 20871