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- LoopNet Team
1120-1138 Frankford Ave
Philadelphia, PA 19125
Land For Sale
·
0.54 AC
INVESTMENT HIGHLIGHTS
- Irreplaceable Fishtown Location: Situated Just Off Intersection of Frankford Avenue and Girard Avenue in the heart of Fishtown Neighborhood
- Transit-Oriented Development: 5-Minute walk from SEPTA's Market-Frankford Line for access to Center City and connection to Regional Rail
- Fully Amenitized Development Opportunity: Class A property equipped with a state-of-the-art amenity package
- Access to Best-In-Class Amenities: Step from epicenter of Fishtown boasting best-in-class bar, cafes, restaurants and entertainment venues
PROPERTY FACTS
| Property Type | Land | Proposed Use | Single Family Development |
| Property Subtype | Commercial | Total Lot Size | 0.54 AC |
| Zoning | I2 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.54 AC |
| Zoning | I2 |
DESCRIPTION
Property consists of two parcels totaling 23,304± square foot zoned CMX-2.5 in the heart of the Fishtown, and presents new ownership with the opportunity to develop “by-right” approximately 160 residential units in the rapidly-gentrifying Fishtown neighborhood. This area of Philadelphia has become the most sought-after place to live and play in the Philadelphia MSA. Over the last 10 years, renters and homeowners have chosen this area as it provides a discount to Center City. Multi-family development has largely been boutique style properties with limited amenities provided for tenants. The demand for high-quality apartments in this sub-market is robust with occupancy typically in the 95% to 100% range. Significant zoning barriers-to-entry are a hallmark of the Philadelphia MSA. Fishtown is poised to see significant demand for housing as it is considered one of the hottest neighborhoods in the country. The Property allows a developer to build a truly Class A project equipped with a state-of-the-art amenity package to make it the premier residence in Fishtown. Strategically located along Frankford Avenue, this high visibility location is a 5-minute walk from SEPTA’s Market-Frankford Line (Girard Station) providing subway access to Center City within 12 minutes. In addition, the Property is within walking distance to everything that the popular Frankford Avenue and Girard Avenue corridors have to offer. This includes unparalleled access to the best of Philadelphia’s nightlife such as Frankford Hall, Fette Sau, LaColombe, Johnny Brenda’s, Garage, Martha, Pizza Brain, Wm. Mulherin’s Sons (named a top 50 restaurant in the US by Bon Appétit), Pizzeria Beddia (named to Time magazine’s “World’s Greatest Places 2019”), and Suraya (voted “Best New Restaurant of 2018” by Philadelphia Magazine). In addition to the major business corridor of Frankford/Girard Avenue, the inner Kensington neighborhood is experiencing a resurgence with new bars and restaurants opening alongside established favorites like Cafe Pho Ga Thanh, Memphis Taproom and Cook & Shaker. These areas are increasingly sought after by established restauranteurs and retailers looking for an alternative to Center City.
