PA > Philadelphia > Fishtown
Philadelphia, PA 19125,1828 FRANKFORD AVE
Philadelphia, PA 19125,1828 FRANKFORD AVE
Philadelphia, PA 19125,1828 FRANKFORD AVE
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Bob Gauger

Bob Gauger

+1(240) 286-4447
$4,695,000
Est. payment /mo
10,600 SqFt
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UPDATED:

01/06/2025 12:28 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,600 sqft

Price per Sqft $442

Subdivision Fishtown

MLS Listing ID PAPH2432498

Originating Board BRIGHT

Year Built 2024

Annual Tax Amount $11,134

Tax Year 2024

Lot Size 3,239 Sqft

Acres 0.07

Lot Dimensions 20.00 x 122.00

Property Description

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.

Location

State PA

County Philadelphia

Area 19125 (19125)

Zoning CMX2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District Philadelphia City

Others

Tax ID 183050100

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Samantha Lee Miller • Select Commercial Advisors

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agent

Bob Gauger

+1(240) 286-4447

Broker Associate | License ID: 312506

Broker Associate License ID: 312506

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