2414 Frankford Ave - Retail FOR SALE


Philadelphia, PA 19125- Kensington
$2,350,000 USD
610-606-1095
2414 Frankford Ave, Philadelphia, PA for Sale
$2,350,000 USD
Retail - FOR SALE
1/26
null | 6.13% Cap Rate

2414 Frankford Ave
Philadelphia, PA 19125
Kensington


OVERVIEW

Introducing 2414 Frankford Avenue — a turnkey 7-unit investment property, prominently located on one of Philly's most recognizable streets — Frankford Avenue Fishtown. This fully-leased boutique apartment property features six (6) apartments over ground floor commercial space. The ±5900 SF, 3-storey building is comprised of two (2) bi-level 2bd x 2ba units and four (4) 1bd x 1ba units atop 796 SF of prime commercial space, leased to Philadelphia Barber Co. Designed by Canno, the curb appeal emanates along the Frankford Ave corridor — surrounded by some of the city's best restaurants, retailers, cafes and bars. Factory styled oversized windows emit an overflow of natural light in the apartments coupled with slick kitchens and baths, European-inspired finishes, high ceilings, and laundry and storage for convenience. Purchase this irreplaceable multifamily building in a Top-10 USA MSA where extremely high barriers-to-entry exist. 2414 Frankford boasts a completely walkable setting in Fishtown proper, with an abundance of amenities and conveniences available within a short stroll, such as: The Market-Frankford El train, Shake Shack, La Colombe, Kalaya, Forin, Suraya, LMNO, Goldie, City Fitness, Front Street Cafe, Middle Child Clubhouse, Laser Wolf, Wm. Mulherin's Sons, Pizzeria Beddia, Palmer Park, and more. Fishtown has become a locally-prized destination for top chefs, retailers and creators — and tenants alike. There is no shortage of residential demand in this coveted submarket. There are limited opportunities to invest in high-quality real estate in Fishtown due to its scarcity. High-growth rental submarket. 10yr tax abatement. Minimal OPEX. Enquire within for financials.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$979 USD /SF

CAP RATE

6.13%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CMX-2

APN/PARCEL ID

885368980

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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