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 “New Market West” 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.
Courtesy of: Coldwell Banker Realty 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: 22nd May, 2022 6:53 AM (UTC)
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