Shovel-ready multifamily development opportunity in Fishtown on Frankford Avenue - located at the epicenter of Philadelphia's most popular neighborhood. This is Philly's new "high street" lined with authentic and original merchants, businesses and residents alike. Plans are optimally designed and fully-approved for a 4,667 SF 4-storey building with three (3) luxury residences atop a ground floor commercial studio. The residential apartments have been engineered to sell as for-sale condos but can also be held as cash-flowing rentals that will achieve top-of-market rents. Each residence is bi-level (upper units are tri-level) with roughly 1300 SF open concept flooplans. The lower unit has a home office/flex space plus private garden. The upper units have private skyline rooftop terraces and balconies. The Location is home to Philly's best restaurants and shops and The Property is ideally designed to derive maximum value whether it's built to sell or held for investment purposes. The full 10 year tax abatement has been secured. Enquire within for permits, plans and due diligence materials.
Courtesy of: Compass Pennsylvania, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th August, 2022 10:31 AM (UTC)
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