2001 5 Frankford Ave
$7,000,000
2001 5 Frankford Ave, Philadelphia, PA 19125
8.4
Cap Rate
25,225 sqft
Building Size
Details:
Highlights:
- Days on Market: 172
- Heating: Central
Description:
Corner
"The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial — fully stabilized. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant is procured) — apartments are in punchlist phase (vacant). 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments are fully-leased. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is nationally known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket.
Location
Gallery
