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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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Bought with Viktor Fadlon • Wynn Real Estate LLC
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