1901 W Tioga St - Schools FOR SALE


Philadelphia, PA 19140- Tioga-Nicetown
$1,500,000 USD
215-431-5652
1901 W Tioga St, Philadelphia, PA for Sale
$1,500,000 USD
Schools - FOR SALE
1/60
null | Request Cap Rate

1901 W Tioga St
Philadelphia, PA 19140
Tioga-Nicetown


HIGHLIGHTS

  • Two separate buildings, each with its own distinct character and potential uses.
  • An abundance of open space and historic charm provides a unique canvas for creative redevelopment
  • This property offers immense potential for conversion into residential units, taking advantage of the high ceilings and large windows

OVERVIEW

Are you in search of a one-of-a-kind investment opportunity in the thriving Tioga neighborhood of Philadelphia? Look no further than this expansive 37,183 sq ft commercial property, formerly a school and church conversion, located just off Erie Ave amidst a landscape of new construction and updated buildings. This versatile property is a true gem with endless potential for creative redevelopment. **Property Highlights:** **Two Distinctive Buildings:** This property boasts two separate buildings, each with its own distinct character and potential uses. **Former School Building:** - Four-story structure with a rich history. - Spacious layout featuring 4-5 classrooms on each floor. - Bathroom facilities on every floor for added convenience. - A large, fully equipped kitchen area on one floor, perfect for communal or culinary use. - The top floor includes a small kitchenette. - Abundance of natural light floods in through expansive windows. - Historic charm and architectural details that add character to the space. - Impressive 10-foot-high ceilings provide a sense of spaciousness. **Former Church Building (Current Gym):** - A remarkable transformation of a historic church into a contemporary gym. - Equipped with a modern HVAC system for year-round comfort. - Spread over two floors, offering versatile use possibilities. - Features two separate stages, ideal for performances, presentations, or events. - Two full-sized basketball courts for athletic activities and events. - A small field area in the basement provides additional flexibility. - Possibility to create amenity space or optimize the unit count based on your vision. **Additional Features:** - Fenced parking lot for secure and convenient parking. - Proximity to new construction and updated buildings enhances the investment potential. - Ample office spaces throughout the property offer flexibility for various uses. - An abundance of open space and historic charm provides a unique canvas for creative redevelopment. - This property offers immense potential for conversion into residential units, taking advantage of the high ceilings and large windows. Whether you are an investor looking for a versatile property with potential for residential conversion or a developer seeking to create a unique living space, this former school and church conversion property in Tioga offers a wealth of opportunities. Don't miss your chance to own a piece of Philadelphia's history while contributing to the neighborhood's vibrant future. Act now and turn your vision into reality!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

RSA3

APN/PARCEL ID

776278000

ASK ABOUT THIS PROPERTY

Moshe AdikaTCS Management ServicesMore Info
215-431-5652

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Moshe AdikaTCS Management ServicesMore Info
215-431-5652

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.