15 N 59th Street Philadelphia, PA 19139
Listing Courtesy of: BRIGHT IDX / Media / Laura Bonesteel
$2,600,000
12,900
SQFT

  15 N 59th Street Philadelphia, PA 19139

Active (217 Days)

Description

Jim Thornton Construction Company, Inc. is pleased to extend to qualified investors the opportunity to acquire 15 N 59th Street, a 12,900 square foot brick and heavy timber warehouse, located just steps from the Market-Frankford Line. The property is in a Qualified Opportunity Zone and across the street from the just completed $64,000,000 “New Market West” transit-oriented development complex. This listing presents the unique opportunity to acquire a rare, well-located property with significant potential in the sought-after University City West, Haddington & Cobbs Creek 19139 emerging zip code. Presently zoned as CMX2, the possibilities are endless: concept drawings and renderings show floor plans for 24 two-bedroom apartments and one retail space; first-floor plans for a self-storage facility designed by Janus International; and a set of drawings for an artisan brewery with banquet hall designed by Digsau Architect. A survey is available for the warehouse, and it includes three contiguous properties that are not presently for sale but could be. (Historical tax credits, New Market Tax Credits, and affordable housing tax credits may be accessible to off-set construction related costs. If zoning can be converted by buyer to CMX3, then a developer may be able to expand to many more units). Contact Listing agent for more details or questions. Agent is related to owner, and owner is also a licensed Realtor.

MLS #:
PAPH2112858
Taxes
$4,199(2023)
Lot Size
5,663 SQFT
Type
Single-Family Home
Year Built
1940
Style
Other
School District
The School District of Philadelphia
County
Philadelphia County
Bathroom Details
Interior Features
  • Kitchen - Eat-In
Subdivision
  • Haddington
Property Features
  • Below Grade
  • Above Grade
Heating and Cooling
  • None
Exterior Features
  • Brick
  • Other
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas Available
Stories
  • 3
Living Area
  • 12,900 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.