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325 N 12TH Street

PHILADELPHIA, PA 19107
  • $5,666,000
  • STATUS: Active
  • ON SITE: 274 Days
  • ID#: PAPH2318600
UPDATED: 58 min ago
$5,666,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jennifer Ciorrocco | Coastal Life Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-03T07:51:32.18.
www.ocmd4sale.com/homes/147239572
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325 N 12TH Street PHILADELPHIA, PA 19107

  • Price: $5,666,000
  • Status: Active
  • On Site: 274 Days
  • Updated: 58 min ago
  • ID#: PAPH2318600
0
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Center City
County:
Philadelphia
Area:
19107 (19107)
School District:
The School District Of Philadelphia
Property Description
Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.
Exterior Features

Garage YN No Lot Features Additional Lot(s) Road Responsibility Boro/Township Road Surface Type Paved Water Access YN No Water View YN No Waterfront YN No

Property Features

Acceptable Financing CashContractConventionalExchangeBank PortfolioIndustrial Development AuthorityPrivateRural DevelopmentOther Association YN No Central Air YN No Construction Completed YN No Cross Street VINE Current Use ParkingRestaurantMulti Residential Municipality PHILADELPHIA Navigable Water YN N Original MLSNumber 802846898072 Ownership Interest Fee Simple Property Sub Type Land Sale Type Standard Sewer No Septic ApprovedPublic Sewer Tax Annual Amount 5368.00 Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric AvailablePhone AvailableCable TV AvailableUnder GroundAbove Ground Vacation Rental YN No Water Source Public Zoning LOT

Listing courtesy of Liberty Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jennifer Ciorrocco | Coastal Life Realty Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-03T07:51:32.18.
 
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Jennifer Ciorrocco | Coastal Life Realty Group
7408 Coastal Highway
Ocean City MD, 21842