2409 Cedar StPhiladelphia, PA 19125

  • Flex space
  • 6,753 SF
For Sale
$1,700,000 View listing

Property Details for 2409 Cedar St

Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 AC
Property size (Sq ft)
6,753 SF
Zone code
CMX2
Property type
Flex space
APN
88-4-3464-30
APU
884346430

Description

This exceptional 6,753-square-foot retail property, located at 2409 Cedar Street in Philadelphia, Pennsylvania, presents a compelling redevelopment opportunity. Situated on a 0.09-acre lot, this mixed-use building is zoned CMX-2 – Neighborhood Commercial Mixed Use 2 (City of Philadelphia), offering considerable flexibility for future development. Currently operating as a convenience store, the property boasts convenient access to major thoroughfares, including Interstate 95, Center City Philadelphia, Girard Avenue, and Aramingo Avenue. Its strategic location at the border of the vibrant Fishtown and Olde Richmond neighborhoods ensures high visibility and strong potential for attracting a diverse clientele. The property's substantial size and versatile zoning make it ideal for a variety of commercial uses. A leaseback option is available for qualified buyers. Estimated 2023 property taxes are $5,479. This is a rare chance to acquire a well-positioned property in a rapidly growing area of Philadelphia, offering significant upside potential for investors and developers alike. The net rentable square footage is 6,753 square feet. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,601,619
    Hospitality
    $1,467,074
    Educational
    $1,220,589
    Medical
    $1,262,567
    Retail
    $1,898,694

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9783
Longitude
-75.1242
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,479
$78,280
$313,120
$391,400
-
$78,280
$313,120
$391,400

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