Kensington Redevelopment Opportunity
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Kensington Redevelopment Opportunity
6 Properties Offered at $2,406,054 CAD in Philadelphia, PA
Investment Highlights
- Six Contiguous Properties Totaling 21,000+ SF
- Income-Producing Asset with Future Development Potential
- Rare 17,000+ SF Lot Footprint with Frontage on Three Streets
Executive Summary
Select Commercial Advisors proudly presents the Somerset & Ruth Portfolio, an exceptional mixed-use assemblage spanning over 21,000 square feet across six contiguous properties with frontage on three streets in Kensington, North Philadelphia. This unique offering combines income-generating assets with significant future development potential, making it a prime opportunity for investors, developers and owner-users alike. This offering represents a rare chance to acquire a substantial footprint in a neighborhood poised for continued growth and revitalization. Whether you're looking to expand your investment portfolio or embark on a new development project, the Somerset & Ruth Portfolio promises both immediate returns and long-term value appreciation.
The Somerset & Ruth assemblage includes two occupied buildings with garages - including a 14,500 square foot warehouse - two vacant buildings, and two vacant lots. The properties are ideally situated just one block from the Somerset Station in Kensington - an historic neighborhood bounded by Fishtown to the South, Port Richmond to the North, and the Delaware River to the East. The area is conveniently accessible via major transportation routes including Interstate 95 and SEPTA's Market-Frankford Line, providing easy connectivity to Center City and other parts of Philadelphia. Contact our team today to schedule a tour. Offering memorandum available upon request.
The Somerset & Ruth assemblage includes two occupied buildings with garages - including a 14,500 square foot warehouse - two vacant buildings, and two vacant lots. The properties are ideally situated just one block from the Somerset Station in Kensington - an historic neighborhood bounded by Fishtown to the South, Port Richmond to the North, and the Delaware River to the East. The area is conveniently accessible via major transportation routes including Interstate 95 and SEPTA's Market-Frankford Line, providing easy connectivity to Center City and other parts of Philadelphia. Contact our team today to schedule a tour. Offering memorandum available upon request.
Property Facts
Price | $2,406,054 CAD | Number of Properties | 6 |
Price / SF | $117.94 CAD / SF | Individually For Sale | 0 |
Sale Type | Investment or Owner User | Total Building Size | 20,400 SF |
Status | Active | Total Land Area | 1.09 AC |
Price | $2,406,054 CAD |
Price / SF | $117.94 CAD / SF |
Sale Type | Investment or Owner User |
Status | Active |
Number of Properties | 6 |
Individually For Sale | 0 |
Total Building Size | 20,400 SF |
Total Land Area | 1.09 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
2815 Ruth St, Philadelphia, PA 19134 | Industrial | 3,600 SF | 1935 | - |
1835 E Somerset St, Philadelphia, PA 19134 | Retail | 1,040 SF | 1920 | - |
1839-41 E Somerset St, Philadelphia, PA 19134 | Industrial | 14,500 SF | 1920 | - |
1837 E Somerset St, Philadelphia, PA 19134 | Retail | 1,260 SF | 1920 | - |
2800 Jasper st, Philadelphia, PA 19134 | Land | 0.37 AC | - | - |
2804 Jasper st, Philadelphia, PA 19134 | Land | 0.24 AC | - | - |
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Kensington Redevelopment Opportunity
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