Listed By:
Liberty Real Estate
Address
325 N 12Th Street, Philadelphia, PA
Price
$ 5,666,000
Property Attributes
  • MLS#PAPH2318600
  • TypeLand
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19107
  • NeighborhoodCenter City
  • Zip19107
  • StyleParking,Restaurant,Multi Residential
  • Taxes$ 5368
  • Price$ 5,666,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Data Source:
Bright MLS
Property 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.

Price History
2/3/2024 Listed $5,666,000

General Features

Sewer No Septic Approved,Public Sewer
Utilities Water Available,Sewer Available,Natural Gas Available,Electric Available,Phone Available,Cable TV Available,Under Ground,Above Ground
Possession Immediate
Zoning LOT
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Property SubType Land
Tax Year 2003
Current Use Parking,Restaurant,Multi Residential
Percent Ownership Fee Simple
County PHILADELPHIA
Property Type Land
HOA / Comm Assn No
Subdivision Name CENTER CITY
Water Access Y/N No
MLS Area 19107 (19107)
Lot Size Square Feet 7480.00
Waterfront Y/N No
Tax Annual Amount 5368.0
Price Per Sq Ft 757.49
Acceptable Financing Cash,Contract,Conventional,Exchange,Bank Portfolio,Industrial Development Authority,Private,Rural Development,Other
Additional Parcels Y/N Yes
Vacation Rental Y/N No
Days on Market 3
School District 300200397108

Exterior Features

Lot Features Additional Lot(s)
Water Source Public
Water View Y/N No
Lot Dimensions 35x191 and 32x62
Lot Size Acres 0.17
Road Surface Type Paved
Lot Size Source Estimated
Road Responsibility Boro/Township
Navigable Water Y/N No
Water Oriented Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 19107

Price
AVG $5.67M
$5.67M
Taxes
AVG $5,368
$5,368
Visits
AVG 60
60
Data Provided by Inside Real Estate®

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