Description
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.
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0BEDS
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1.8ACRES
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0BATHS
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01/2 BATHS
Description
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.
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