Philadelphia, PA 19124,3945 FRANKFORD AVE
Philadelphia, PA 19124,3945 FRANKFORD AVE
Philadelphia, PA 19124,3945 FRANKFORD AVE
Philadelphia, PA 19124,3945 FRANKFORD AVE
Philadelphia, PA 19124,3945 FRANKFORD AVE
Philadelphia, PA 19124,3945 FRANKFORD AVE
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Edward Rogers

Edward Rogers

Honest Real Estate

+1(267) 231-7212
$ 3,000,000
Est. payment | /mo

7,760 SqFt


Save
$ 3,000,000
Est. payment | /mo
Save

7,760 SqFt

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,760 sqft

Price per Sqft $386

Subdivision Frankford

MLS Listing ID PAPH2421996

Originating Board BRIGHT

Year Built 1955

Available Date 2025-02-07

Annual Tax Amount $24,847

Tax Year 2024

Lot Size 1.805 Acres

Acres 1.8

Lot Dimensions 371.00 x 200.00

Property Sub-Type Land for Commercial Use

Property Description

This exceptional 1.8-acre property presents an outstanding opportunity for developers, offering the potential to construct 162 residential units by right under CMX-2 zoning. Currently, the site includes a 7,760 sq. ft. single-story building and a gated lot with 83 surface parking spaces. These are fully leased under a Triple Net Lease, generating $144,000 in annual rental income with scheduled yearly increases. The lease recently commenced with a five-year term, and the property also brings in an additional $10,000 annually from billboard revenue.

With lot dimensions of 371 x 200 feet, totaling 78,610 sq. ft., this prime site is strategically located in the vibrant Frankford neighborhood. It offers seamless access to major roadways, including I-95, the Betsy Ross Bridge, and US Route 1.

Public transportation is easily accessible, with a Walk Score of 83, a Transit Score of 64, and a Bike Score of 66. The property is just a short walk from the Erie-Torresdale Station on the MFL Frankford TC to 69th Street TC line.

Surrounded by parks such as Frankford Park, Harrowgate Park, and Gates Park, this location is ideal for future residential development. This rare investment opportunity combines a well-positioned, income-producing asset with remarkable development potential.

Don't miss your chance to capitalize on this prime real estate opportunity!

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning CMX2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source None

Exterior

Garage Spaces 98.0

Water Access N

View City, Street

Roof Type Flat

Street Surface Concrete

Accessibility None

Total Parking Spaces 98

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882021370

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(267) 231-7212

edrogers@honestrealestate.com

12320 Academy Rd, Philadelphia, Pennsylvania, 19154, USA

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3945 FRANKFORD AVE