$700,000
$830,000
15.7%For more information regarding the value of a property, please contact us for a free consultation.
6,688 SqFt
SOLD DATE : 07/01/2024
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,688 sqft
Price per Sqft $104
Subdivision Norris Square
MLS Listing ID PAPH2325748
Sold Date 07/01/24
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $2,343
Tax Year 2023
Lot Size 3,034 Sqft
Acres 0.07
Lot Dimensions 38.00 x 65.00
Property Description
A central location along the booming Norris Square neighborhood boasting almost 4,500 square feet of vacant space on the first and second floor along with 2200 square feet in the lower level, being sold with an adjoining lot, are two highlights that make 601 W Susquehanna Ave a fantastic investment/development opportunity. Formerly a corner grocery store and warehouse, this property is prime for a new owner to take advantage of its CMX2 zoning to create a varied mix of commercial, retail, and residential uses. Comparable sales 1 block away are in the $600,000.00 plus range. The first and second levels are completely open, with lots of windows flooding the spaces with natural light and huge ceiling heights. Roll-down doors help secure the first level, while roof-top access from the second level lets you view the city skyline, perfect for a future roof deck. The basement is just as expansive, making it ideal for storage. The adjoining lot has also been emptied, adding to the possible uses for the property. The project is located within a Federal Opportunity Zone which offers potential tax advantages, making it an attractive investment opportunity for savvy investors. It also presents an Amazing opportunity to bring your visionary concepts to life. 601 W Susquehanna Avenue's sought-after location is close to new construction, shopping centers, schools, parks, and public transportation. Plus, there's easy access to Temple University, Fishtown, and Northern Liberties. Schedule your showing today!
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating None
Cooling None
Heat Source None
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Foundation Stone
Sewer Public Septic
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871291550
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Stuart C Cohen • KW Empower
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "