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$1,675,000
Est. payment /mo
21,418 SqFt
UPDATED:
09/19/2024 03:13 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,418 sqft
Price per Sqft $78
Subdivision Kensington
MLS Listing ID PAPH2379744
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,316
Tax Year 2024
Lot Size 8,400 Sqft
Acres 0.19
Lot Dimensions 40.00 x 144
Property Description
Select Commercial Advisors proudly presents the Somerset & Ruth Portfolio, an exceptional mixed-use assemblage spanning over 21,000 square feet across six contiguous properties with frontage on three streets in Kensington, North Philadelphia. This unique offering combines income-generating assets with significant future development potential, making it a prime opportunity for savvy investors and developers. This offering represents a rare chance to acquire a substantial footprint in a neighborhood poised for continued growth and revitalization. Whether you're looking to expand your investment portfolio or embark on a new development project, the Somerset & Ruth Portfolio promises both immediate returns and long-term value appreciation.
The Somerset & Ruth assemblage includes two occupied buildings with garages - including a 14,500 square foot warehouse - two vacant buildings, and two vacant lots. The properties are ideally situated just one block from the Somerset Station in Kensington - an historic neighborhood bounded by Fishtown to the South, Port Richmond to the North, and the Delaware River to the East. The area is conveniently accessible via major transportation routes including Interstate 95 and SEPTA's Market-Frankford Line, providing easy connectivity to Center City and other parts of Philadelphia. Contact our team today to schedule a tour. Offering memorandum available upon request.
The Somerset & Ruth assemblage includes two occupied buildings with garages - including a 14,500 square foot warehouse - two vacant buildings, and two vacant lots. The properties are ideally situated just one block from the Somerset Station in Kensington - an historic neighborhood bounded by Fishtown to the South, Port Richmond to the North, and the Delaware River to the East. The area is conveniently accessible via major transportation routes including Interstate 95 and SEPTA's Market-Frankford Line, providing easy connectivity to Center City and other parts of Philadelphia. Contact our team today to schedule a tour. Offering memorandum available upon request.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning RSA5
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 252024010
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Listed by Samantha Lee Miller • Select Commercial Advisors
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