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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.
Property Type(s):
Commercial
| Last Updated | 1/6/2025 | Tract | FISHTOWN |
|---|---|---|---|
| Year Built | 2024 | Community | 19125 (19125) |
| County | PHILADELPHIA |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19125 (19125) |
| CONSTRUCTION | Brick, Frame |
| HEAT | Electric, Forced Air |
| LOT | 3049 sq ft |
| LOT DIMENSIONS | 20.00 x 122.00 |
| SEWER | Public Sewer |
| SUBDIVISION | FISHTOWN |
| TAXES | 11134 |
| WATER | Public |
Location
Listing provided by Select Commercial Advisors
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: 1/9/25 11:11 PM PST
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