Philadelphia, PA 19122,601 W SUSQUEHANNA AVE
Philadelphia, PA 19122,601 W SUSQUEHANNA AVE
Philadelphia, PA 19122,601 W SUSQUEHANNA AVE
Philadelphia, PA 19122,601 W SUSQUEHANNA AVE
Philadelphia, PA 19122,601 W SUSQUEHANNA AVE
Philadelphia, PA 19122,601 W SUSQUEHANNA AVE
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$700,000

$830,000

15.7%
Est.Price: ?

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Est. payment /mo

6,688 SqFt


SOLD DATE : 07/01/2024

Key Details

Sold Price $700,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 6,688 sqft

Price per Sqft $104

Subdivision Norris Square

MLS Listing ID PAPH2325748

Sold Date 07/01/24

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $2,343

Tax Year 2023

Lot Size 3,034 Sqft

Acres 0.07

Lot Dimensions 38.00 x 65.00

Property Description

A central location along the booming Norris Square neighborhood boasting almost 4,500 square feet of vacant space on the first and second floor along with 2200 square feet in the lower level, being sold with an adjoining lot, are two highlights that make 601 W Susquehanna Ave a fantastic investment/development opportunity. Formerly a corner grocery store and warehouse, this property is prime for a new owner to take advantage of its CMX2 zoning to create a varied mix of commercial, retail, and residential uses. Comparable sales 1 block away are in the $600,000.00 plus range. The first and second levels are completely open, with lots of windows flooding the spaces with natural light and huge ceiling heights. Roll-down doors help secure the first level, while roof-top access from the second level lets you view the city skyline, perfect for a future roof deck. The basement is just as expansive, making it ideal for storage. The adjoining lot has also been emptied, adding to the possible uses for the property. The project is located within a Federal Opportunity Zone which offers potential tax advantages, making it an attractive investment opportunity for savvy investors. It also presents an Amazing opportunity to bring your visionary concepts to life. 601 W Susquehanna Avenue's sought-after location is close to new construction, shopping centers, schools, parks, and public transportation. Plus, there's easy access to Temple University, Fishtown, and Northern Liberties. Schedule your showing today!

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating None

Cooling None

Heat Source None

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Septic

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871291550

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Stuart C Cohen • KW Empower
Bought with Stuart C Cohen • KW Empower
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