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1828 Frankford Ave

$4,695,000

1828 Frankford Ave, Philadelphia, Pa 19125

Active
Last Updated: 02/08/2025

6

Cap Rate

10,600 sqft

Building Size

Details:
Cap Rate:    6%
Building Size:    10,600 sqft
Year Built:    2024
Price Per Sqft:    $442.92
Zoning:    CMX2
Highlights:
  • Days on Market: 34
  • Heating: Forced Air
Description:

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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