15 Apartments & Brewpub

1101 Frankford Avenue; Philadelphia, PA 19125

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Property Details

  • Price$ 6,250,000
  • Property TypeMixed Use
  • NeighborhoodFishtown
  • Number of Units16
  • Lot Size0.13 acres
  • Price/Unit$ 390,625
  • Price/Bedroom-
  • Year Built1899/2017

Investment Highlights

  • Fishtown: Philadelphia’s Most Desirable and Exciting Neighborhood
  • Luxury Apartments: High Quality, Premium Finishes, Elevator and Garage Parking
  • High-Visibility Location: One Block from Frankford Avenue & Girard Avenue Intersection
  • Excellent Commercial Tenant: Fishtown Brewpub; Experienced Operators with Significant Investment in Space
  • Public Transportation: Accessibility to SEPTA’s Market-Frankford Line (Girard Station)
  • Neighborhood Amenities: Near The Fillmore, Barcade, Johnny Brenda’s and Other Popular Fishtown Establishments

Investment Overview
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in 1101-1103 Frankford Avenue, a 15-unit, newly-adaptive reuse, luxury apartment building with a 3,800 square foot ground floor retail space currently occupied by Fishtown Brewpub. This building is in the heart of the commercial corridor of Fishtown with neighbors such as Barcade, The Fillmore concert venue, Johnny Brenda’s Tavern, Fette Sau, and Frankford Hall.

The property at 1101-1103 Frankford Avenue was built in 1899 as a factory of several products and sat vacant and blighted for several years before it was rehabilitated in 2015-16. Currently, the four-story building consists of a tastefully-restored commercial space, a ten-car hydraulic lift parking garage, and 15 luxury apartment units. The building boasts an excellent unit mix of nine (9) one-bedroom units and six (6) two-bedroom units. Every unit contains high-end finishes as well as an abundance of natural light, in-unit washer/dryer, and electronic code activated locks preventing tenants from key/lock-out issues. The apartments are 100% occupied, and the commercial space is leased by the popular, Fishtown Brewpub, which is currently in year one of a five-year lease that contains three, five-year renewal options.

Frankford Avenue has undergone a recent transformation and, as a result, now boasts a wide selection of retail shops, hip bars and beer gardens, great restaurants, and new apartment developments. The Fishtown area has grown from a blue-collar neighborhood to the hipster hub of Philadelphia. As VisitPhilly wrote, “Fishtown has emerged as Philly’s truest harbor of artistic, culinary, and musical acts.” 1101-1103 Frankford Avenue has easy access to everything the exploding Frankford Avenue corridor has to offer. It is within easy walking distance to SEPTA’s Market-Frankford Line (Girard Station) as well as the 15 Trolley Route. The neighborhood has two state-of-the-art gyms, an abundance of great restaurants and bars, an exploding art scene and several parks and green space.

1101-1103 Frankford Avenue offers a rare opportunity to purchase a recently finished adaptive reuse apartment building with commercial space in Philadelphia’s most popular neighborhood, Fishtown.

Offering Memorandum


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NOTE: Outside Brokers must complete this Cooperating Broker Agreement and return via email to info@rittenhouserealty.com or fax to 267-324-3394.

Brokers

Ken Wellar
Tel: (215) 454-2852 EXT 1002
Cell: (610) 745-4800
License: PA RS289487
ken@rittenhouserealty.com

Corey Lonberger
Tel: (215) 454-2852 EXT 1001
Cell: (267) 760-3726
License: PA RS279134
corey@rittenhouserealty.com

Mark Duszak
Tel: (215) 454-2852 EXT 1003
Cell: (215) 805-5011
License: PA RS277420
mark@rittenhouserealty.com

Chris Egan
Tel: (215) 454-2852 EXT 1010
Cell: (609) 602-1782
License: PA RS317018
chris@rittenhouserealty.com

Seth Douglas
Tel: (215) 454-2852 EXT 1013
Cell: (717) 858-1821
License: PA RS336807
seth@rittenhouserealty.com

Douglas Emrich
Tel: (215) 454-2852 EXT 1005
Cell: (610) 733-8482
License: PA RS320748
doug@rittenhouserealty.com



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