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15 N 59TH Street

PHILADELPHIA, PA 19139
  • $2,600,000
  • STATUS: Active
  • ON SITE: 207 Days
  • ID#: PAPH2112858
UPDATED: 14 min ago
$2,600,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,900
    SQFT
  • $202
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1940
County:

School Ratings & Info

Description

Jim Thornton Construction Company, Inc. is pleased to extend to qualified investors the opportunity to acquire 15 N 59th Street, a 12,900 square foot brick and heavy timber warehouse, located just steps from the Market-Frankford Line. The property is in a Qualified Opportunity Zone and across the street from the just completed $64,000,000 +G+New Market West+G- transit-oriented development complex. This listing presents the unique opportunity to acquire a rare, well-located property with significant potential in the sought-after University City West, Haddington & Cobbs Creek 19139 emerging zip code. Presently zoned as CMX2, the possibilities are endless: concept drawings and renderings show floor plans for 24 two-bedroom apartments and one retail space; first-floor plans for a self-storage facility designed by Janus International; and a set of drawings for an artisan brewery with banquet hall designed by Digsau Architect. A survey is available for the warehouse, and it includes three contiguous properties that are not presently for sale but could be. (Historical tax credits, New Market Tax Credits, and affordable housing tax credits may be accessible to off-set construction related costs. If zoning can be converted by buyer to CMX3, then a developer may be able to expand to many more units). Contact Listing agent for more details or questions. Agent is related to owner, and owner is also a licensed Realtor.

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©2022 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 Keller Williams Real Estate. 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: 2022-11-28T23:51:08.657.
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15 N 59TH Street PHILADELPHIA, PA 19139

  • Price: $2,600,000
  • Status: Active
  • On Site: 207 Days
  • Updated: 14 min ago
  • ID#: PAPH2112858
0
Beds
0
Baths
0
½ Baths
0.13
Acres
12,900
SQFT
$202
$/SQFT
1940
Built
Neighborhood:
Haddington
County:
Philadelphia
Area:
19139 (19139)
School District:
The School District Of Philadelphia
Property Description
Jim Thornton Construction Company, Inc. is pleased to extend to qualified investors the opportunity to acquire 15 N 59th Street, a 12,900 square foot brick and heavy timber warehouse, located just steps from the Market-Frankford Line. The property is in a Qualified Opportunity Zone and across the street from the just completed $64,000,000 +G+New Market West+G- transit-oriented development complex. This listing presents the unique opportunity to acquire a rare, well-located property with significant potential in the sought-after University City West, Haddington & Cobbs Creek 19139 emerging zip code. Presently zoned as CMX2, the possibilities are endless: concept drawings and renderings show floor plans for 24 two-bedroom apartments and one retail space; first-floor plans for a self-storage facility designed by Janus International; and a set of drawings for an artisan brewery with banquet hall designed by Digsau Architect. A survey is available for the warehouse, and it includes three contiguous properties that are not presently for sale but could be. (Historical tax credits, New Market Tax Credits, and affordable housing tax credits may be accessible to off-set construction related costs. If zoning can be converted by buyer to CMX3, then a developer may be able to expand to many more units). Contact Listing agent for more details or questions. Agent is related to owner, and owner is also a licensed Realtor.
Exterior Features

Architectural Style Other Construction Materials BrickOther Garage YN No Other Structures Above GradeBelow Grade Parking Types Parking Lot Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 12900 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Fireplaces Total 0 Heating None Interior Features Kitchen - Eat-In Laundry Type Main Floor Levels 3 Main Level Bedrooms 0 Room List Living RoomPrimary BedroomKitchen Unit Floors 6

Property Features

Accessibility Features None Assessment Year 2023 Association YN No Central Air YN No Condo YN No Cooling Fuel None Cross Street Market Heating Fuel Natural Gas Available Hot Water Electric Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 801539931364 Ownership Interest Fee Simple Possession Negotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Other Tax Annual Amount 4199.00 Tax Assessment Amount 300000.00 Tax Lot 202 Vacation Rental YN No Water Source Public Zoning Cmx-2

Listing courtesy of Coldwell Banker Realty: .


©2022 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 Keller Williams Real Estate. 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: 2022-11-28T23:51:08.657.
 
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