2244 N FRONT STREET

PHILADELPHIA, PA, 19133

$1,000,000

$1,000,000
Active
Active
 - For Sale
property_type
Townhouse
calendar
Built 1925
New construction is everywhere around this golden opportunity on this critical artery of the Fishtown Kensington development boom. This double wide property (2244-46 N Front St) is currently being used as a general medical practice. The1st floor is straight through both parcels and has no dividing wall. The basement is separated by a party wall as well as the 2nd and 3rd floors. The 2nd and 3rd floor are used for storage and are currently not occupied nor are they set up as residential units. These properties and medical practice can be bought collectively or separately. The asking price for each property is $200,000 and the medical practice is asking $600,000 to buy the business. By right you are able to develop this building to gross roughly 6,000 Sq/Ft containing 2 residential and 2 commercial units. The price per Sq/Ft for commercial spaces from a rental standpoint is roughly $1.58. The commercial space covers the whole lot estimating rent to be roughly $3,200/month. Also consider developing the residential units into 3 bed 2 bath units each which we conservatively estimated rent to also be $1,800/month. The potential income from this property is estimated at $6,800/month. This can be a fantastic opportunity for any medical professional looking to start a practice, already have clientele in place and begin making money the day after closing.
MLS® ID:
PAPH2098916
Updated:
9/29/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Forced Air

Exterior/Building Features

Lot Size
1,024 ft² lot
Exterior Features
Above Grade, Below Grade
Architectural Style
Traditional
Sewer
Public Septic

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19133 (19133)
Taxes
$1380.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX2
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