Ignite FB Tracking Pixel1828 Frankford Avenue, Philadelphia, PA 19125 - Wander Batista
United Real Estate Strive 212
Wander Batista, United Real Estate Strive 212Phone: (484) 794-2645
Email: [email protected]
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listing
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CommercialFor Sale
$4,695,000
1828 Frankford Avenue
Philadelphia, PA 19125
Listed by: Select Commercial Advisors, (215) 315-3326
MLS: Bright MLS
10,600Sq Ft
Est. Mortgage
$24,335/mo

Select Commercial Advisors is pleased to present the opportunity to acquire a turnkey 6.0% cap rate multifamily asset with a 10-year tax abatement in Fishtown, featuring 9 luxury residential units and 1 commercial space located on a prime, high-visibility corner of bustling Frankford Avenue. Acquire this high-quality, low-maintenance, new-construction property designed by Ambit Architecture and built by Grit Construction. Delivered 100% leased, the property offers both steady cash flow and strong future upside driven by the rapidly-developing Fishtown/Northern Liberties submarket. Ownership has secured an attractive triple-net commercial lease on a ten year term with Taylor Chip for the 1,650 square foot ground floor retail space. As new construction deliveries in this submarket slow down over the next 1-2 years, demand is expected to outpace supply, driving further rental growth in this vibrant and rapidly appreciating neighborhood. This is a unique opportunity for investors to acquire a high-quality, income-producing asset and capitalize on a growing market with significant long-term upside. Contact listing agent for full offering memorandum.

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This data is up-to-date as of 01/16/2025 06:52 AM. Listing provided by Samantha Lee Miller of Select Commercial Advisors.
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