329-31 N 12TH ST, Philadelphia, PA 19107 - MLS#PAPH2318606

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Ashley Brosnahan

ashley@bethanybeach-homes.com +1(302) 841-4200

$ 5,666,000

Est. payment | -/mo

4,500 SqFt

Save

$ 5,666,000

Est. payment | -/mo

Save

4,500 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Price per Sqft $1,259

Subdivision Loft District

MLS Listing ID PAPH2318606

Originating Board BRIGHT

Year Built 1935

Annual Tax Amount $26,749

Tax Year 2014

Lot Size 0.255 Acres

Acres 0.25

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.

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning G2

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 50.0

Water Access N

Accessibility None

Total Parking Spaces 50

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882918187

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Exchange, Conventional, Contract, Cash, Negotiable, Other, Variable

Listing Terms Exchange, Conventional, Contract, Cash, Negotiable, Other, Variable

Financing Exchange,Conventional,Contract,Cash,Negotiable,Other,Variable

Special Listing Condition Standard

Listed by Richard Q Li • Liberty Real Estate

Ashley Brosnahan

Team Lead | Delaware & Maryland Realtor | RS-RS-0020030

+1(302) 841-4200