Excellent Multi-Family Development Opportunity to build 162 RESIDENTIAL UNITS BY RIGHT. CMX-2 Zoning offers may options for Development. Situated on 1.8 Acres, the site is comprised of 1 Story 7,760 SQ FT building & Gated Lot with 83 Surface Parking Spaces that is currently leased. Lot Characteristics: 371 x 200, Lot Size: 78, 610 SQ FT & Total Acres of 1.8046. Triple Net Lease, with Annual Rental Income of $130,000 with Annual Increases. An Additional $10,000 in additional annual Billboard Revenue in the Parameter. Conveniently located in the Frankford neighborhood with easy access to 1-95, The Betsy Ross Bridge & US Route 1. Walk Score83, Transit Score 64, Bike Score 66. Just minutes walk from the MFL Frankford TC to 69th St TC at the Erie Torresdale Station - MFL stop. Nearby parks include Frankford Park, Harrowgate Park and Gates Park.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th September, 2023 4:55 AM (UTC)