15 N 59TH STREET

PHILADELPHIA, PA, 19139

$2,600,000

$201 per ft²
$2,600,000
$201 per ft²
Active
Active
 - For Sale
carpenters-square
12,900 ft²
property_type
Commercial
calendar
Built 1940
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.
MLS® ID:
PAPH2109114
Updated:
12/4/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
10,367 ft² lot
Sewer
Public Hook/Up Avail

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19139 (19139)
Taxes
$4199.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Lateral Not Installed/Must Tap Off Main
Pool
No
Zoning
CMX2

Courtesy of Coldwell Banker Realty, Laura Bonesteel

Listing Contact:  

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Data last updated 5:56 AM UTC, 12/4/22

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