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$3,950,000
180 Days Online

1801 N Howard Street
Philadelphia, PA 19122

For Sale|Commercial|Active Under Contract
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1915
Built
Subdivision:
Fishtown
County:
Philadelphia

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1801 N Howard Street1801 N Howard Street1801 N Howard Street1801 N Howard Street
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1801 N Howard Street is an existing structure, roughly 30,000 Sq Ft, and is constructed of Brick with an exterior fire escape, internal stair tower and an elevator shaft. The property is currently licensed for 13 residential units and generates over $220,000 a year in gross rents when fully leased. The current units are large some as big as 6,000 Sq Ft, the zoning in place allows for an increased unit count WITHOUT a variance, and due to the nature of the redevelopment will still qualify for the FULL 10 year tax abatement even after the end of December 2020. The seller has had plans drawn which are ready for zoning permit approval and illustrate the ability to increase unit count. The property has been nominated for a municipal historic designation, and this would allow developers to receive tax credits for the renovation should they desire to put the property on the national historic registry, tax credits can be applied to the new owners tax liabilities year over year or sold on a secondary market. The property also falls within one of Philadelphia’s Qualified Opportunity Zones. 1801 N Howard is less than one block from the Berks Avenue Station stop on the Market-Frankford Line which runs into Center City and University City. The property is perfectly situated to take advantage of all that Fishtown’s resurgence has to offer while presenting developers with a multitude of opportunities to maximize value. The property will be delivered with clean environmental reports, and can be delivered fully leased.

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Listing Snapshot
Price
$3,950,000
Days Online
180 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.25 Acres
Year Built
1915
MLS Number
PAPH998924
Status
Active Under Contract
Property Tax
$11,015
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS
4 months agoStatus changed to Active Under Contract
6 months agoStatus changed to Active
6 months agoPrice changed to $3,950,000
6 months agoListing first seen online
General Features
Water
Public
Sewer
Public Sewer
Construction Materials
Masonry
Zoning
IRMX
Interior Features
Heating
Forced Air
Cooling
Central A/C
Central Air
Yes
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Community Features
Accessibility Features
None
Listing courtesy of Keller Williams Philly

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The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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