915-17-19 12th St
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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 | Building Class | C |
Price Per SF | $274 CAD | Lot Size | 0.08 AC |
Sale Type | Investment or Owner User | Building Size | 7,168 SF |
Cap Rate | 11% | No. Stories | 2 |
Sale Conditions | 1031 Exchange | Year Built | 1920 |
Property Type | Specialty |
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 |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Very Bikeable (88)
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.) |
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915-17-19 12th St
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