Catherine Senyk - Coldwell Banker Hearthside
1602 N 3rd St


**CALLING ALL INVESTORS** Shovel ready project with construction documents AND zoning permits and recent lot consolidation in place to build this 3-unit building with off-street Electric Vehicle Parking, rear yard, trash/bicycle area. Property was originally two lots each with its own 2 bay garage structure and was zoned RSA5. Lots have since been consolidated and rezoned to build a single structure with 3 units and separate off-street parking driveway with trash/bike storage area. Full construction documents have been completed by Philadelphia based architectural firm, geotechnical report available and included in listing docs. Full construction documents include engineer approved plumbing, electrical, and structural sets. Skip the year of due diligence going through zoning variances and get started in this bustling area where development is happening on every block. Opportunities for this type of project in this area are limited. Location benefits include proximity to Girard Ave, Crane Arts building, NextFab, The Schmidt's Commons, blocks from the EL, Reanimator Coffee, Federal Distilling, WM Mulherins, St. Benjamin Brewing Co., HELM BYOB and dozens of other Frankford Ave restaurants and shops. Transit-oriented development with quick bus and EL access to center city but plenty of street parking available as well. 1 block off of American street which has recently received a multimillion dollar TIGER grant to make the street more pedestrian friendly as well as address many rainwater initiatives The 3 units are: #1: 2 bed, 2 bath bi-level w/ rear yard access (1075 sqft), #2: 1 bed, 1 bath(764 sqft), #3: 1 bed, 1 bath (764 sqft). Assign parking as you see fit. The projected annual rent is 60,000 per year (buyer is responsible for own due diligence). When completed, this will project will be a money maker with great upside potential. Construction Docs available by request. Building Permit is available at L+I receipt in hand as proof of approval. New owner must resubmit at their own cost with their own builder. Information on Opportunity Zone Tax Benefits are included in documents section. Please request renderings and construction documents from listing agent.


Days On Site148


Market Activity 19122

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Area Information

Zip Code19122
Area19122 (19122)
Listing VS Median (in 19122)
low | high
68.144611186903% of Average
On Site:
low | high
79.784366576819% of Average
Listing Updated: 10/18/2018
MLS Number: 1001549030
Listing Provided By:
Jesse Frank  of  Keller Williams Philly

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