Address
325 N 12Th Street, Philadelphia, PA
Price
$ 5,666,000
Property Attributes
- MLS#PAPH2318600
- TypeLand
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19107
- NeighborhoodCenter City
- Zip19107
- StyleParking,Restaurant,Multi Residential
- Taxes$ 5368
- Price$ 5,666,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size7,405 SqFt
Data Source:
Bright MLS
Property Description
Unique development opportunity in Philadelphia Convention Center. There are multiple developmental projects going on in the neighborhood. Currently there is a Pizza restaurant on the first floor of the existing structure, 4 residential units. Plus 50+ parking lots on the rear side of this property. There are two parcels and 4 addresses , from 325 to331 N 12th Street. Parking spot worthy about $80K to $100K each if for sales. There are leases for the parking lots and restaurant, which can provide your client with a steady income while they are applying for any architectural plan and usage. Their leases are not extremely long so you can choose to not renew their leases or relocate them after your complete your project. Since it is one block away from the convention center, hotel, parking lots building, mixed usage complexes are all good usages.
| Price History | |
|---|---|
| 2/3/2024 | Listed $5,666,000 |
General Features
| Sewer | No Septic Approved,Public Sewer |
|---|---|
| Utilities | Water Available,Sewer Available,Natural Gas Available,Electric Available,Phone Available,Cable TV Available,Under Ground,Above Ground |
| Possession | Immediate |
| Zoning | LOT |
| Property SubType | Land |
| Tax Year | 2003 |
| Current Use | Parking,Restaurant,Multi Residential |
| Percent Ownership | Fee Simple |
| County | PHILADELPHIA |
| Property Type | Land |
| HOA / Comm Assn | No |
| Subdivision Name | CENTER CITY |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | 12th Street and Vine Street |
| ModificationTimestamp | 2024-02-04T19:32:51 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.25 |
| MLS Area | 19107 (19107) |
| Lot Size Square Feet | 7480.00 |
| Tax Assessed Value | 64960.0 |
| Waterfront Y/N | No |
| Street Name | 12TH |
| Tax Annual Amount | 5368.0 |
| Price Per Sq Ft | 757.49 |
| Acceptable Financing | Cash,Contract,Conventional,Exchange,Bank Portfolio,Industrial Development Authority,Private,Rural Development,Other |
| Additional Parcels Y/N | Yes |
| Vacation Rental Y/N | No |
| Days on Market | 89 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Street Suffix | STREET |
|---|
Exterior Features
| Lot Features | Additional Lot(s) |
|---|---|
| Water Source | Public |
| Land Use Code | SUPE |
| Water View Y/N | No |
| Lot Dimensions | 35x191 and 32x62 |
| Lot Size Acres | 0.17 |
| Road Surface Type | Paved |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Road Responsibility | Boro/Township |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Estimated |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 19107
Price
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