Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1965
Sq.Footage
N/A
Turn- key investment with lots of options. 8.57% cap rate! 1001 Poplar St adjoins the Northern Liberties section of the city – a very hot real estate market area. This prime real estate opportunity, presents a unique blend of commercial and residential potential. This property currently has a long term lease in place for $25,000 per month triple net. All expenses covered by tenant – make incredible cash flow day one. Options are boundless – keep tenant in place and develop northern portion of the site. Or keep renting and hold onto it and develop it completely in the future. Potential to build by right up to 25 home or create a thriving 37-home community. The versatile zoning permits a harmonious blend of residential and commercial development, catering to a range of investment strategies, and this property offers numerous pathways for revenue generation. This is a rare opportunity to capitalize on a prime piece of real estate in the vibrant Northern Liberties section of Philadelphia. Whether you're looking to create a residential community, commercial development, or a mix of both, 1001-9 Poplar St presents a canvas for your investment vision. As an added incentive, the commercial tenant in place will continue to pay rent while you receive zoning approvals! Again, the buyer has the advantage of assuming the commercial lease, contact us for details. Don't miss out on this chance to be a part of Philadelphia's thriving real estate market. The property address is 1001 Poplar Street. It encompasses two previous properties that were subsequently consolidated into one, namely, 1001-1009 and 1011-1035 Poplar Street. Contact us today to explore this exceptional investment prospect.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
1.36
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Parking
Unassigned, Other
Financial
-
Sales Price
$3,500,000
-
Tax Amount
25059.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Danielle S. Py-Salas , EXP Realty, LLC
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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