Address
329-31 N 12Th Street, Philadelphia, PA
Price
$ 5,666,000
Property Attributes
- MLS#PAPH2318606
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19107
- NeighborhoodLoft District
- Zip19107
- StyleParking Lot,/General Retail,Professional,Restauran
- Year Built1935
- Taxes$ 26749
- Price$ 5,666,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage12995
- Lot Size0.25 Acres
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 2/3/2024 | Listed $5,666,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Possession | Immediate |
| Zoning | G2 |
| Construction Materials | Block,Brick |
| Year Built | 1935 |
| Property SubType | Mixed Use |
| Tax Year | 2014 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Parking Lot,Other/General Retail,Professional,Restaurant/Bar,Supermarket/Grocery Store |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | LOFT DISTRICT |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | The property is at the corner of Wood/Vine and 12th street |
| ModificationTimestamp | 2024-02-02T19:17:01 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.25 |
| MLS Area | 19107 (19107) |
| Lot Size Square Feet | 11090.00 |
| Tax Assessed Value | 1996200.0 |
| Waterfront Y/N | No |
| Street Name | 12TH |
| Tax Annual Amount | 26749.0 |
| Price Per Sq Ft | 1259.11 |
| Acceptable Financing | Exchange,Conventional,Contract,Cash,Negotiable,Other,Variable |
| Vacation Rental Y/N | No |
| Days on Market | 89 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 246 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 50 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 4500.00 |
| Lot Size Acres | 0.25 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 50 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19107
Price
Taxes
Visits
Year Built
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