Philadelphia, PA 19124,3945 FRANKFORD AVE
Philadelphia, PA 19124,3945 FRANKFORD AVE
Philadelphia, PA 19124,3945 FRANKFORD AVE
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$3,000,000
Est. payment /mo
7,760 SqFt
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UPDATED:

02/06/2025 04:12 PM

Key Details

Property Type Commercial

Sub Type Land for Commercial Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,760 sqft

Price per Sqft $386

Subdivision Frankford

MLS Listing ID PAPH2421996

Originating Board BRIGHT

Year Built 1955

Annual Tax Amount $24,847

Tax Year 2024

Lot Size 1.805 Acres

Acres 1.8

Lot Dimensions 371.00 x 200.00

Property Sub-Type Land for Commercial Use

Property Description

This prime 1.8-acre site offers an incredible opportunity for developers, with the potential to build 162 residential units by right under CMX-2 zoning. The property currently features a 7,760 Sq/Ft single-story building and a gated lot with 83 surface parking spaces, all of which are leased under a Triple Net Lease generating $130,000 in annual rental income, with annual increases. Additionally, the site generates an extra $10,000 in annual billboard revenue.

The lot dimensions are 371 x 200 feet, with a total size of 78,610 sq. ft. (1.8 acres). The property is ideally located in the bustling Frankford neighborhood, offering convenient access to I-95, the Betsy Ross Bridge, and US Route 1.

The property is also well-connected with excellent transit options, boasting a Walk Score of 83, Transit Score of 64, and Bike Score of 66. It's just a short walk to the MFL Frankford TC to 69th Street TC at the Erie Torresdale Station.

Nearby parks include Frankford Park, Harrowgate Park, and Gates Park, making this an excellent location for future residential development. This is a rare opportunity for a buyer or investor to take advantage of a well-located, income-generating property with significant development potential.

Don't miss out on this exceptional investment opportunity!

Location

State PA

County Philadelphia

Area 19124 (19124)

Zoning CMX2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source None

Exterior

Garage Spaces 98.0

Water Access N

View City, Street

Roof Type Flat

Street Surface Concrete

Accessibility None

Total Parking Spaces 98

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882021370

Ownership Fee Simple

SqFt Source Assessor

Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME

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agent

Matthew Kimmey

+1(443) 966-4683

Broker | License ID: 666615

Broker License ID: 666615

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3945 FRANKFORD AVE