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Key Details
Sold Price $2,540,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 26,880 sqft
Price per Sqft $94
Subdivision West Kensington
MLS Listing ID PAPH2270124
Sold Date 06/10/24
Originating Board BRIGHT
Year Built 1912
Annual Tax Amount $4,461
Tax Year 2023
Lot Size 0.764 Acres
Acres 0.76
Lot Dimensions 295.00 x 113.00
Property Description
MQA is pleased to exclusively present 2414-38 N American St. & 2440-46 N American St. FANTASTIC DEVELOPMENT SITE in the growing North American Street Corridor. The property sits within multiple incentive zones including QUALIFIED OPPORTUNITY ZONE and the City of Philadelphia’s American Street Empowerment Zone (ASEZ). The property holds a valid and active license to operate as a warehouse or an artist studio. Other possible uses public storage, car wash, research and development, amongst other light Industrial. 100% ALLOWABLE LOT COVERAGE. These two separately deeded parcels are being sold together as a package. The property consists of a two-story corner warehouse and a spacious vacant lot. Currently, the warehouse is generating $60,900 in annual rental earnings from five existing tenants. For enhanced security, the building is equipped with an alarm system and state of the art fire suppression system. 2414-38 N American St. & 2440-46 N American St. has a total lot size of both parcels is 33,275 SQ FT. Rapidly expanding West Kensington. Just moments to MFL Frankford TC to 69th St TC at the York Dauphin Station - MFL stop. Nearby parks include Fairhill Square, Fotterall Square, and Palmer Park. Drive by and make an offer!!!
Location
State PA
County Philadelphia
Area 19133 (19133)
Zoning ICMX , OZ
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Waterfront N
Water Access N
View Street
Street Surface Black Top
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 885900437
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash,Conventional,Other
Special Listing Condition Standard
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Bought with Julian L Orsuto • BHHS Fox & Roach-Center City Walnut
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