329-31 N 12th St , Philadelphia, PA 19107
Philadelphia, PA 19107
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.
Details
| MLS# | PAPH2318606 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1935 |
| Days On Site | 252 |
| Listing Provided By | Liberty Real Estate | Richard Q Li |
Features
| SQ Feet | 4,500 |
|---|---|
| Zoning | G2 |
| Acreage | 0.25 |
Market Activity 19107
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19107 |
| Area | 19107 |
| Community Name | Loft District |
| School District | The School District Of Philadelp |
| Listing VS Median (in Loft District) | |
Price: $5,666,000 low | high Med: $289,000 SqFt: 4,500 low | high Med: 1,049 $ / SqFt: $1,259 low | high Med: $276 On Site: 252 low | high Med: 449.000000 | |