$4,695,000
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1828 Frankford Avenue Philadelphia, PA 19125 Municipality: Philadelphia
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
10,600
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Select Commercial Advisors is pleased to present the opportunity to acquire a turnkey 6.0% cap rate multifamily asset with a 10-year tax abatement in Fishtown, featuring 9 luxury residential units and 1 commercial space located on a prime, high-visibility corner of bustling Frankford Avenue. Acquire... this high-quality, low-maintenance, new-construction property designed by Ambit Architecture and built by Grit Construction. Delivered 100% leased, the property offers both steady cash flow and strong future upside driven by the rapidly-developing Fishtown/Northern Liberties submarket. Ownership has secured an attractive triple-net commercial lease on a ten year term with Taylor Chip for the 1,650 square foot ground floor retail space. As new construction deliveries in this submarket slow down over the next 1-2 years, demand is expected to outpace supply, driving further rental growth in this vibrant and rapidly appreciating neighborhood. This is a unique opportunity for investors to acquire a high-quality, income-producing asset and capitalize on a growing market with significant long-term upside. Contact listing agent for full offering memorandum.
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MLS#
PAPH2432498
Property Type
Mixed Use
Year Built
2024
Square Feet
10,600
sq. ft
Price per Sq. Ft.
$442.92
Lot Size
0.07
Sewer
Public Sewer
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