329-31 N 12TH ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19107
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $1,259
Subdivision Loft District
MLS Listing ID PAPH2318606
Originating Board BRIGHT
Year Built 1935
Annual Tax Amount $26,749
Tax Year 2014
Lot Size 0.255 Acres
Acres 0.25
Property Description
Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning G2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 50.0
Waterfront N
Water Access N
Accessibility None
Total Parking Spaces 50
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882918187
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Exchange,Conventional,Contract,Cash,Negotiable,Other,Variable
Listing Terms Exchange,Conventional,Contract,Cash,Negotiable,Other,Variable
Financing Exchange,Conventional,Contract,Cash,Negotiable,Other,Variable
Special Listing Condition Standard