3 Apartment Units & 1,500 Commercial Space | 1425 Frankford Ave
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3 Apartment Units & 1,500 Commercial Space 1425 Frankford Ave
4,000 SF Vacant Retail Building Philadelphia, PA 19125 £1,114,991 (£279/SF) 6.30% Net Initial Yield
Investment Highlights
- Boutique Luxury Apartment Living: High-End Finishes at an Affordable Price Point
- New Construction Property: Little to No Deferred Maintenance, Turnkey Operation
- Access to Public Transportation: Short Walk to the Girard Avenue Train Station and Numerous Bus Routes
- In the Middle of it All: Prime Location in the Heart of Fishtown
- Abundant Neighborhood Amenities: Bars, Cafes, Boutique Shops, Galleries, Award-Wining Restaurants, and Nightlife within Steps from the Front Door
Executive Summary
The Property comprises 3 newly constructed apartment units and one commercial space in the Fishtown neighborhood of Philadelphia.1425 Frankford Avenue sits in a prime location, consisting of (3) one-bedroom apartment units boasting high-end finishes including stainless steel appliances, stone countertops, LVT flooring, subway tile backsplashes, and sleek white shaker style cabinetry. Further, these luxury units feature Central HVAC, in-unit washer/dryer, and oversized windows.
Banh Mi Spot, a popular Vietnamese restaurant, occupies the commercial space. With a roll-up front window, the restaurant feels like an open-air eatery in the warmer months, inviting customers walking on the street to enjoy a diverse taste of Southeast Asia.
The property's residents live in the middle of it all on Frankford Avenue, a thriving retail corridor in the heart of Fishtown. The Property is a short walk to award-winning restaurants and cafes such as WM Mulherin’s Sons, LMNO, Suraya, Kalaya, La Colombe, and Pizzeria Beddia.
The Property is transit-oriented, located minutes from major thoroughfares including I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. Furthermore, a SEPTA train station at Girard Avenue and Front Street is a short walk, carrying commuters into Center City and the Philadelphia Suburbs via the Market Frankford Train Line.
Residents at 1425 Frankford Avenue enjoy all that Fishtown has to offer without compromising comfort, quality finishes, or access to the rest of the Philadelphia MSA.
Banh Mi Spot, a popular Vietnamese restaurant, occupies the commercial space. With a roll-up front window, the restaurant feels like an open-air eatery in the warmer months, inviting customers walking on the street to enjoy a diverse taste of Southeast Asia.
The property's residents live in the middle of it all on Frankford Avenue, a thriving retail corridor in the heart of Fishtown. The Property is a short walk to award-winning restaurants and cafes such as WM Mulherin’s Sons, LMNO, Suraya, Kalaya, La Colombe, and Pizzeria Beddia.
The Property is transit-oriented, located minutes from major thoroughfares including I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. Furthermore, a SEPTA train station at Girard Avenue and Front Street is a short walk, carrying commuters into Center City and the Philadelphia Suburbs via the Market Frankford Train Line.
Residents at 1425 Frankford Avenue enjoy all that Fishtown has to offer without compromising comfort, quality finishes, or access to the rest of the Philadelphia MSA.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
B
Year Built
2019
Price
£1,114,991
Price Per SF
£279
Net Initial Yield
6.30%
NOI
£70,244
Percent Leased
Vacant
Number of Floors
4
Building FAR
3.93
Lot Size
0.02 AC
Opportunity Zone
Yes
Zoning
CMX2
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (90)
Nearby Major Retailers
![[solidcore]](https://images.loopnet.co.uk/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 871403520 | Improvements Assessment | £0 |
| Land Assessment | £99,449 | Total Assessment | £99,449 |
PROPERTY TAXES
Parcel Number
871403520
Land Assessment
£99,449
Improvements Assessment
£0
Total Assessment
£99,449
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3 Apartment Units & 1,500 Commercial Space | 1425 Frankford Ave
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