House for sale, 15 N 59th Street, in Philadelphia, United States

USD 2,600,000

Philadelphia, 15 N 59th Street

Detached house • 1 room(s) • 1198.45 m² • Ref: 3yd-RFGCB-5NVLM6

Jim Thornton Construction Company, Inc. is pleased to extend to qualified investors the opportunity to acquire 15 N 59th Street, a 12,900 square foot brick and heavy timber warehouse, located just steps from the Market-Frankford Line. The property is in a Qualified Opportunity Zone and across the street from the just completed $64,000,000 "New Market West" transit-oriented development complex. This listing presents the unique opportunity to acquire a rare, well-located property with significant potential in the sought-after University City West, Haddington & Cobbs Creek 19139 emerging zip code. Presently zoned as CMX2, the possibilities are endless: concept drawings and renderings show floor plans for 24 two-bedroom apartments and one retail space; first-floor plans for a self-storage facility designed by Janus International; and a set of drawings for an artisan brewery with banquet hall designed by Digsau Architect. A survey is available for the warehouse, and it includes three contiguous properties that are not presently for sale but could be. (Historical tax credits, New Market Tax Credits, and affordable housing tax credits may be accessible to off-set construction related costs. If zoning can be converted by buyer to CMX3, then a developer may be able to expand to many more units). Contact Listing agent for more details or questions. Agent is related to owner, and owner is also a licensed Realtor.

Spaces

Rooms1

Surfaces

Living1198.45 m²
Land526.09 m²

15 N 59th Street

Philadelphia

IDRFGCB
NameColdwell Banker