Schedule a Showing
Share
Print
|
This exceptional 1.8-acre property presents an outstanding opportunity for developers, offering the potential to construct 162 residential units by right under CMX-2 zoning. Currently, the site includes a 7,760 sq. ft. single-story building and a gated lot with 83 surface parking spaces. These are fully leased under a Triple Net Lease, generating $144,000 in annual rental income with scheduled yearly increases. The lease recently commenced with a five-year term, and the property also brings in an additional $10,000 annually from billboard revenue. With lot dimensions of 371 x 200 feet, totaling 78,610 sq. ft., this prime site is strategically located in the vibrant Frankford neighborhood. It offers seamless access to major roadways, including I-95, the Betsy Ross Bridge, and US Route 1. Public transportation is easily accessible, with a Walk Score of 83, a Transit Score of 64, and a Bike Score of 66. The property is just a short walk from the Erie-Torresdale Station on the MFL Frankford TC to 69th Street TC line. Surrounded by parks such as Frankford Park, Harrowgate Park, and Gates Park, this location is ideal for future residential development. This rare investment opportunity combines a well-positioned, income-producing asset with remarkable development potential. Don't miss your chance to capitalize on this prime real estate opportunity!
Property Type(s):
Commercial
| Last Updated | 2/6/2025 | Tract | FRANKFORD |
|---|---|---|---|
| Year Built | 1955 | Community | 19124 (19124) |
| County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19124 (19124) |
| GARAGE | Yes |
| HEAT | Forced Air |
| LOT | 1.8 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 371.00 x 200.00 |
| PARKING | Private, Garage, Parking Lot, Driveway |
| SEWER | Public Sewer |
| SUBDIVISION | FRANKFORD |
| TAXES | 24847 |
| VIEW | Yes |
| VIEW DESCRIPTION | City, Street |
| WATER | Public |
Location
Listing provided by RE/MAX @ HOME
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/19/25 4:05 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email