Philadelphia, PA 19140,4600 N FAIRHILL ST
Philadelphia, PA 19140,4600 N FAIRHILL ST
Philadelphia, PA 19140,4600 N FAIRHILL ST
$375,000
Est. payment /mo
$900,000
58.3%
Est.Price: ?

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22,670 SqFt
SOLD DATE : 12/26/2023

Key Details

Sold Price $375,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 22,670 sqft

Price per Sqft $16

MLS Listing ID PAPH2285138

Sold Date 12/26/23

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $5,140

Tax Year 2023

Lot Size 0.700 Acres

Acres 0.7

Lot Dimensions 405.00 x 37.00

Property Description

Presenting an exceptional investment opportunity at 4600 Fairhill Street, Philadelphia, PA. This property features a spacious 22,000± square feet building on a generous 30,492± square feet land area. The building includes two drive-in doors, a loading dock area, and outdoor yard spaces at both ends, providing practicality and functionality. The property's ICMX (Industrial Commercial mixed-use) zoning is tailored to accommodate commercial and low-impact industrial activities.
Keystone Innovation Zone (KIZ):

A total of $15 million in tax credits is available through the Keystone Innovation Zone (KIZ) tax credit program every year. This program of the Commonwealth of Pennsylvania distributes funds around the state of Pennsylvania. Life sciences and tech businesses in three specific areas of the city may be eligible to apply. 

Eligibility for New Markets Tax Credits (NMTC):

The New Markets Tax Credit (NMTC) program is a federal tax credit program designed to generate private-sector capital investment in low-income areas. The program permits individual and corporate taxpayers to receive credit against their federal income taxes for making qualified equity investments in projects that finance community development, stimulate economic growth, and create jobs.

Strategic Location and Connectivity:

The property is positioned in North Philadelphia and benefits from its strategic location with easy access to i76, i95, and Roosevelt Blvd. These major transportation routes ensure seamless connectivity to regional centers, facilitating efficient logistics and operations.

Opportunity in a Resurging Area:

Located in a resurgence area, the property is surrounded by ongoing new construction and adaptive reuse projects. The neighborhood's vibrancy and evolving landscape contribute to the property's potential as a valuable asset in a dynamic market.

Location

State PA

County Philadelphia

Area 19140 (19140)

Zoning ICMX

Interior

Hot Water Natural Gas

Heating Other

Cooling Other

Heat Source Natural Gas, Other

Exterior

Garage Spaces 20.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 20

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 884350610

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Beau McGettigan • KW Commercial
Bought with Viktor Fadlon • Wynn Real Estate LLC

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Karen Wilkinson

+1(732) 599-1938

Agent | License ID: 0343436

Agent License ID: 0343436

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