$1,543,840

2126-32 E Somerset St

PHILADELPHIA PA, 19134

Description

Investor or Developer. Lot size 10,240 sqft. Great opportunity to acquire a significant parcel in a sought after area for both residential and commercial uses in Philadelphia. RSA5 zoning. Huge 19298 sqft building, goes from street to street. Property is situated in a energized, gentrifying neighborhood. Surrounded by new developments. Just blocks away from entertainment and public transportation to Center City. The existing building provides the ability to hold & market as rental space which has a large center courtyard. Several of the units are made up with apartment floor plans, spacious artist studios and several undeveloped spaces being rented as garages and are very well ventilated and secure. This is a multi-use, it has apartments, artist spaces and oversized garages. Rent gross approximately $105,000 per year. (4) 1 br apartments, (1) 2br apartment, (6) artist studios, (3) separate spacious garages totaling 6000 sqft. Or demo to take advantage of the full lot size and maximize profits. This site borders Fishtown, East Kensington and Port Richmond Philadelphia. Steps away from both Kensington Avenue and Aramingo Avenue one of the primary commercial corridors serving the surrounding areas.

Details

MLS#PAPH843664
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year1929
Days On Site407

Features

SQ Feet19,298
ZoningRSA5
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19134
Area19134 (19134)
Listing VS Median (in 19134)
Price:
$1,543,840
low | high
Med:
$120,000
100% of Average
SqFt:
19,298
low | high
Med:
1,180
100% of Average
$ / SqFt:
$80
low | high
Med:
$102
22.881355932203% of Average
On Site:
407
low | high
Med:
23
100% of Average
Listing Updated: December 3, 2020 8:45:50 PM PST
Ramon D Caceres Jr. LogoMLS Number: PAPH843664
Listing Provided By:
Ramon D Caceres Jr.  of  Penn Liberty Real Estate
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