2013-17 Gillingham St

Description

2012 Pear St is also included in the sale. Prime commercial investment opportunity in Frankford " Fenced in lot and garage with a tenant already in place.This versatile commercial property package includes a fully fenced, all-concrete lot at 2013-17 Gillingham St and an attached garage at 2012 Pear St. Both the lot and the garage are leased by the car dealership across the street. They are on a month-to-month triple net lease paying $1,300/month for the past 1.5 years. The current tenant utilizes the lot for vehicle storage and car repairs.The fenced lot spans 4,715 square feet, offering a secure, concrete-paved space ideal for vehicle storage, a contractor yard, or potential redevelopment. This lot can hold anywhere between 30-40 cars. The 760-square-foot garage at 2012 Pear St measures 20 by 40 feet and includes electric, water, and a bathroom, all operating on a single set of utilities for cost efficiency. The garage roof was replaced approximately four years ago and remains in excellent condition. This garage is included in the existing lease along with the lot.Located in the Frankford neighborhood, this property presents a steady income stream with the potential for higher rental rates or owner-user opportunities. With flexible zoning and strong demand for vehicle storage and commercial space, this is a rare investment opportunity in a prime location. " Dont miss out"schedule a showing today!