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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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County
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Area
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School Information

Elementary School
Middle School
High School

Description

This building has a wonderful story to tell+G-. the 2nd story was destroyed in a fire (elevator shaft still in place) and in 2020 the seller redeveloped and leased up from 0-100% in the middle of the pandemic (all tenants have 4% escalations). Since the package was put together, the Seller parted ways with one tenant, comprised of 527 SF. We expect to have it relet by the time any settlement would occur. The building features interior common hallways, shared drive-in loading dock, common bathrooms, with some units having direct retail access. Fully sprinklered building. Sale includes the adjacent +/-16,200 gated parking lot (44 spaces). Located at a signalized intersection in a QOZ, with fresh 10 year tax abatement. 500% FAR by-right. Offering Memorandum, Rent roll and cashflow models available upon request.

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©2021 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 The Schiff Home Team | eXp Realty LLC. 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: 2021-09-16T15:57:03.363.
www.baltimorehousehunters.com/homes/118037593
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3251 Fox Street PHILADELPHIA, PA 19129

  • Price: $7,500,000
  • Status: Active
  • Updated: 63 min ago
  • ID#: PAPH1026300
0
Beds
0
Baths
0
½ Baths
1.5
Acres
1955
Built
Neighborhood:
19129 (19129)
County:
Philadelphia
Area:
19129 (19129)
Elementary School:
John Whittier School
Middle School:
Grover Cleveland School
High School:
Simon Gratz
School District:
The School District Of Philadelphia
Property Description
This building has a wonderful story to tell+G-. the 2nd story was destroyed in a fire (elevator shaft still in place) and in 2020 the seller redeveloped and leased up from 0-100% in the middle of the pandemic (all tenants have 4% escalations). Since the package was put together, the Seller parted ways with one tenant, comprised of 527 SF. We expect to have it relet by the time any settlement would occur. The building features interior common hallways, shared drive-in loading dock, common bathrooms, with some units having direct retail access. Fully sprinklered building. Sale includes the adjacent +/-16,200 gated parking lot (44 spaces). Located at a signalized intersection in a QOZ, with fresh 10 year tax abatement. 500% FAR by-right. Offering Memorandum, Rent roll and cashflow models available upon request.
Exterior Features

Construction Materials Masonry Garage YN No Parking Features FencedPaved ParkingPrivateSurface Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 58158.00 Cooling Heat Pump(S) Heating Heat Pump(S) Heating YN Yes Net Square Feet 58158.00

Property Features

Accessibility Features Level Entry - Main2+ Access Exits Assessment Year 2021 Association YN No Business Type Other Central Air YN No Cooling Fuel Electric Gross Income 608395.00 Heating Fuel Electric Hot Water Electric Lease Considered YN No Municipality Philadelphia Navigable Water YN N Net Operating Income 534785.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 304647254530 Ownership Interest Fee Simple Possession Other Property Sub Type Industrial Sale Type Reo (Real Estate Owned) Sewer Public Sewer Tax Annual Amount 17167.00 Tax Assessment Amount 1226400.00 Tax Lot 100 Vacation Rental YN No Water Source Public Year Built Effective 2020 Zoning I1

Listing courtesy of Geis Realty Group, Inc..


©2021 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 The Schiff Home Team | eXp Realty LLC. 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: 2021-09-16T15:57:03.363.
 
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The Schiff Home Team | eXp Realty LLC
9505 Reisterstown Rd Ste 1S
Owings Mills MD, 21117