330 Cecil B Moore Ave
PHILADELPHIA, PA 19122

Description

ALL OFFERS DUE BY MARCH 14, 2019 This offering consists of a 14,772~ square feet, shovel-ready parcel of land with approvals for a four-story mixed-use building consisting of 42 efficiently-designed residential units complimented by bookend corner retail spaces. This project is being offered as a true shovel-ready offering with all zoning and plans, allowing a buyer to start construction in early 2019 and qualify for Opportunity Zone tax benefits.Well located on a high visibility five-point intersection in South Kensington, the property is five blocks from Berks Station on SEPTA~s Market-Frankford Line providing access to Center City within 12 minutes. In addition, the property is an easy walk to everything that the exceedingly popular Frankford/Girard Avenue corridors have to offer. This includes the best of Philadelphia~s nightlife such as Frankford Hall, Fette Sau, LaColombe~s flagship location, Johnny Brenda~s, Garage, Martha, Pizza Brain, Wm. Mulherin~s Sons (named a top 50 restaurant in the US by Bon App~tit) and Suraya (voted ~Best New Restaurant of 2018~ by Philadelphia Magazine). In addition to the major business corridor of Frankford/Girard Avenue, the inner Kensington neighborhood is experiencing a resurgence with new bars and restaurants opening alongside established favorites like Caf~ Pho Ga Thanh Thanh, Memphis Taproom, and Cook and Shaker. The demand for high-quality rental buildings in South Kensington/Fishtown is extremely strong. Occupancy in this submarket is robust and typically in the 95% to 100% range. 330 Cecil B Moore Avenue presents a tremendous opportunity to acquire a truly shovel ready development site in a Qualified Opportunity Zone and in one of the hottest neighbor-hoods in Philadelphia.

Details

MLS#PAPH787194
Sub-TypeResale
StatusActive
Days On Site94

Features

ZoningN/A
Acreage0.34

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19122
Area19122 (19122)
Listing VS Median (in 19122)
Price:
$2,300,000
low | high
Med:
$259,900
100% of Average
On Site:
94
low | high
Med:
25
100% of Average
Listing Updated: 07/18/2019
MLS Number: PAPH787194
Listing Provided By:
Angela M Calvanese  of  TCS MGT LLC