2187-91 Norris StPhiladelphia, PA 19125

Property Details for 2187-91 Norris St

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional $1,250,000 mixed-use property at 2187-91 E Norris St in Philadelphia, PA (zip code 19125) presents a unique investment opportunity. Situated on an amazing corner lot just one block from Frankfurt Avenue and within a Federal Opportunity Zone, this building offers significant upside potential. The property currently features a multifamily component, specifically an apartment building, and retail space. The existing structure provides a solid foundation for various development scenarios. Imagine the possibilities: converting the existing space into a thriving mix of residential and commercial units, or even undertaking a complete redevelopment. The property includes over 20 parking spaces, conveniently accessed via two overhead drive-in bay doors, a significant advantage in this vibrant urban neighborhood. This prime location in Fishtown, known for its trendy atmosphere and strong rental demand, makes this a compelling investment for both experienced developers and savvy investors seeking a high-return opportunity. The existing building's layout and the ample parking provide a flexible platform for a variety of creative development plans. Don't miss this chance to acquire a property with immense potential in one of Philadelphia's most sought-after neighborhoods.

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9789

Longitude

-75.1309

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