Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Electric, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.08

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $3,562,500

  • Tax Amount

    3252.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Accessibility Features

    Accessible Elevator Installed

  • Sewer

    Public Sewer

  • Tax Lot

    77

  • Water Source

    Public

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PHILADELPHIA

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Listing Courtesy of Nadia T Bilynsky , Mallin Panchelli Nadel Realty Inc

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Fully occupied turn-key investment opportunity located in the heart of Fishtown. Built in 2020, the property features 11 residential units, 1 commercial space and 3 parking spaces. The property is very well designed featuring spacious residential units with high ceilings and plenty of natural light. The apartments
also feature high-end finishes such as gourmet kitchens with quartz counters, stainless steel appliances & white cabinets; tile surround bathrooms; and pre-engineered plank flooring and tile flooring throughout. All units are self-contained, with washer and dryer in each unit. The property features new systems, i.e. HVAC, sprinkler system throughout, hard wired smoke and fire system, electric, and plumbing. There is potential to add private storage units for each residential unit, which could bring an additional $6,600 per year or more in rental income. Under the current zoning code, the property is legally zoned for and could be easily converted to a short term rental building. The seller has previously received offers from multiple short term rental operators to master lease all of the residential units at substantially higher rents.
The commercial space is leased to Dock Street Brewery as a tap/ tasting room. Established in 1985, Dock Street is one of Philadelphia’s oldest microbreweries. Dock Street is a fantastic fit for the bustling commercial corridor of N. Front St., joining neighboring tenants Middle Child Clubhouse, WM Mulherin’s Sons, Front Street Café, Train and Nourish Studio, Halcyon Floats, Liberty Kitchen and many more restaurants and retailers. The property is extremely well located in the core of Fishtown, right at the steps of the Girard Ave stop for the Market-Frankford Line. Fishtown was recently featured in Forbes magazine in an article titled, “Fishtown, Philadelphia Is Still One Of America’s Hottest New Neighborhoods”. Located north of Center City, the neighborhood is home to some of the best restaurants and bars with a diverse demographic of families, young professionals, hipsters and artists. The property is ideally located along the I-95 corridor for easy access to downtown Philadelphia, South Jersey, and the Philadelphia suburbs.

1229 N FRONT STREET 31

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