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32931 N 12th Street,  Philadelphia PA, 19107

(Active)
$5,666,000
|
4,500 sqft
|
MLS# PAPH2318606
Last Updated: 5/3/2024 8:43 AM
Description for 32931 N 12th Street Philadelphia, PA 19107
Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.
Price
$5,666,000
LOFT DISTRICT
PHILADELPHIA
4,500 (approx)
PAPH2318606
Active
Description
Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.
Listing Information
Property Type: Mixed Use, Business Opportunities, Other
0.25 Acres 4,500 (approx) 1935
Brick
LOFT DISTRICT
Public
Public Sewer
Neighborhood
Room Information
Interior Features
Central Air
Gas Heat, Central
Exterior / Lot Features
50 Parking Spaces,
Brick
Driving Directions
The property is at the corner of Wood/Vine and 12th street
Financial Considerations
882918187
$26,749
Listing Price History

Philadelphia Real Estate

Philadelphia is located in Pennsylvania. Philadelphia, Pennsylvania 19107 has a population of 1,615,184.

The median household income in Philadelphia, Pennsylvania 19107 is $73,509. The median household income for the surrounding county is $50,724 compared to the national median of $66,222. The median age of people living in Philadelphia 19107 is 37 years.

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Courtesy: Liberty Real Estate
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/3/2024 8:43 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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