This 9,350-square-foot warehouse at 3213 Frankford Ave, Philadelphia, PA 19134, offers a compelling adaptive reuse opportunity. The Class C building boasts impressive curb appeal with its redbrick exterior and oversized industrial windows, showcasing exposed brick and beam interiors. The property sits on a 2,997-square-foot lot and features three stories. Its ICMX zoning allows for high-density development, and it's eligible for a 10-year tax abatement. Located on a rapidly developing section of Frankford Avenue, this property benefits from its proximity to popular shops, restaurants, and cafes, as well as easy access to the Delaware River waterfront, SEPTA transportation (Market Frankford El train), Center City, University City, and I-95. The asking price is $589,999, translating to $63.10 per square foot. This is a value-add opportunity in a prime Philadelphia location. The net rentable area is 9,350 square feet.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,032,252
Hospitality
$1,861,532
Educational
$1,548,773
Medical
$1,602,037
Retail
$2,409,202
Location Insight
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9931
Longitude
-75.1096
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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