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915-17-19 12th St

7,168 SF Specialty Building Offered at $1,966,412 CAD at a 11% Cap Rate in Philadelphia, PA 19147

Executive Summary

Once in a lifetime opportunity to acquire three adjacent properties with RM1 zoning right in sought out Bella Vista neighborhood. Each building sits on approximately 17 X 70 lot size with commercial spaces on 1st Floor and 3 bedroom apartments above each. The commercial spaces are currently rented to food cart & food catering businesses. Current rents would most likely be deemed under market value, while there is already great potential in this scenario as is, the real value lies in removing current structures to be able to build brand new single family homes, condos or multi unit buildings by right due to the flexible RM1 zoning. Dynamite location with stone's throw to Broad & Washington Av, 10 min walk south to the charming Passyunk Av or same distance north to the heart of Center City Philadelphia. Don't miss out on this rare opportunity, inquire today !

Property Facts

Price $1,966,412 CAD
Price Per SF $274 CAD
Sale Type Investment or Owner User
Cap Rate 11%
Sale Conditions 1031 Exchange
Property Type Specialty
Building Class C
Lot Size 0.08 AC
Building Size 7,168 SF
No. Stories 2
Year Built 1920
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RM1 (Remove current structures to be able to build brand new single family homes, condos or multi unit buildings by right with current RM1 zoning.)
RM1 (Remove current structures to be able to build brand new single family homes, condos or multi unit buildings by right with current RM1 zoning.)
  • Listing ID: 32554831

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 915-17-19 12th St, Philadelphia, PA 19147

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