Frankford Avenue Mixed-Use

1860 Frankford Avenue Philadelphia, PA 19125

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Property Details

  • Price$ 630,000
  • Property TypeMixed Use
  • NeighborhoodFishtown
  • Number of Units2
  • Lot Size0.02 acres
  • Price/Unit$ 315,000
  • Price/Bedroom-
  • Year Built2015

Investment Highlights

  • Real Estate Tax Abatement: 8 Years Left of Real Estate Tax Abatement
  • Fishtown Neighborhood: Philadelphia’s Most Desirable and Exciting Neighborhood
  • Luxury Finishes: Maple Cabinets, Quartz Countertops, Floor-to-Ceiling Windows
  • Frankford Avenue Corridor: Fishtown’s Premier Retail Corridor
  • Outdoor Space: Commercial and Residential Units have Ample Outdoor Space
  • Public Transportation: 5 Minute Walk to SEPTA’s Market-Frankford Line (Berks Station)
  • Extreme Barriers to Entry: 19125 Zip Code is the 3rd-Most Difficult Market for Building in USA

Investment Overview

On behalf of Ownership, Rittenhouse Realty Advisors presents the opportunity to qualified investors to acquire the fee simple interest in 1860 Frankford Avenue, a duplex property situated along a busy retail corridor – Frankford Avenue – in the Fishtown neighborhood of Philadelphia. Fishtown (Zip Code 19125) is known as the “Brooklyn of Philadelphia” because it is the most vibrant and trendy area of the city.

1860 Frankford Avenue is one of Fishtown’s newer mixed-use properties that greatly benefits from the neighborhood’s recent transformation into the very hip area it is today. This duplex offers a great opportunity for an owner-occupied situation that would allow the owner to operate a business in the commercial space and, either live in the luxurious 3 bedroom/2.5 bath apartment unit or rent the unit for income to put towards the mortgage. The multi-level apartment unit features maple cabinets, quartz countertops, floor to ceiling windows, and three separate outdoor spaces that allow the tenant to take in an impressive view of Philadelphia’s skyline. The unit’s master bedroom takes up the entire fourth floor and has its own roof-deck patio, a large master bathroom, and a full walk-in closet. A washing machine and dryer are also included in this unit.

Despite the area’s high growth and strong demand, the 19125 Zip code ranked as the third-most difficult market for building in the entire country according to The Wall Street Journal. Fishtown has grown from a traditionally blue-collar, working-class neighborhood to the hipster hub of Philadelphia. 1860 Frankford Avenue has easy access to everything the neighborhood and booming Frankford Avenue corridor has to offer. It is located within a five-minute walk to SEPTA’s Market Frankford Line (Berks Street Station) which has direct access to Center City Philadelphia. Recent neighborhood amenities developed along Frankford Avenue include but are not limited to, a new state-of-the-art gym, several city parks, The Fillmore concert venue, and some of the hottest culinary options in Philadelphia.

1860 Frankford Avenue presents an extremely rare opportunity to purchase a newly-constructed, highly-visible, mixed-use duplex in the incredibly desirable Fishtown neighborhood.

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 A. 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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