Excellent Mix-used development opportunity with income in the Frankford neighborhood! Option to develop into 62 RESIDENTIAL UNITS BY RIGHT. CMX-2 Zoning offers many options for development or opportunity to operate your business-Vehicle Equipment Supply Sales & Rental & Building Supplies & Equipment. Situated on the corner & in a busy commercial corridor. 2 Separately Deed Properties are being sold as a Package. 1 story 1,640 SQ FT building plus gated lot with many parking spaces. Lot Characteristics Combined: 291 x 236, Lot Size: 29,831 SQ FT & .72 acres. Month to Month Tenant with Annual Rental Income of $24,000. An added benefit of the Green Roof Bonus allows for 25% increase in the allowable residential to 77 Units in total (62+15). Added value of the Height Bonus which allows for additional height for projects within certain portions of the Mixed-Use Centers, which is 7'-0" Additional Building Height. Conveniently located in the Frankford neighborhood with easy access to 1-95, The Betsy Ross Bridge & US Route 1. Walk Score 83, Transit Score 64, Bike Score 66. Just moments to the MFL Frankford TC to 69th St TC at the Erie Torresdale Station - MFL stop. Nearby parks include Frankford Park, Harrowgate Park, and Gates Park.
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 8th June, 2023 1:53 AM (UTC)