Kensington Redevelopment Opportunity 6 Properties Offered at $1,675,000 in Philadelphia, PA

INVESTMENT HIGHLIGHTS

  • Six Contiguous Properties Totaling 21,000+ SF
  • Income-Producing Asset with Future Development Potential
  • Rare 17,000+ SF Lot Footprint with Frontage on Three Streets

EXECUTIVE SUMMARY

Select Commercial Advisors proudly presents the Somerset & Ruth Portfolio, an exceptional mixed-use assemblage spanning over 21,000 square feet across six contiguous properties with frontage on three streets in Kensington, North Philadelphia. This unique offering combines income-generating assets with significant future development potential, making it a prime opportunity for investors, developers and owner-users alike. This offering represents a rare chance to acquire a substantial footprint in a neighborhood poised for continued growth and revitalization. Whether you're looking to expand your investment portfolio or embark on a new development project, the Somerset & Ruth Portfolio promises both immediate returns and long-term value appreciation.
The Somerset & Ruth assemblage includes two occupied buildings with garages - including a 14,500 square foot warehouse - two vacant buildings, and two vacant lots. The properties are ideally situated just one block from the Somerset Station in Kensington - an historic neighborhood bounded by Fishtown to the South, Port Richmond to the North, and the Delaware River to the East. The area is conveniently accessible via major transportation routes including Interstate 95 and SEPTA's Market-Frankford Line, providing easy connectivity to Center City and other parts of Philadelphia. Contact our team today to schedule a tour. Offering memorandum available upon request.

PROPERTY FACTS

Price $1,675,000
Price / SF $82.11 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 6
Individually For Sale 0
Total Building Size 20,400 SF
Total Land Area 1.09 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1835 E Somerset St, Philadelphia, PA 19134 Retail 1,040 SF 1920 -
2815 Ruth St, Philadelphia, PA 19134 Industrial 3,600 SF 1935 -
1837 E Somerset St, Philadelphia, PA 19134 Retail 1,260 SF 1920 -
1839-41 E Somerset St, Philadelphia, PA 19134 Industrial 14,500 SF 1920 -
2800 Jasper st, Philadelphia, PA 19134 Land 0.37 AC - -
2804 Jasper st, Philadelphia, PA 19134 Land 0.24 AC - -
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  • Listing ID: 32579170

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: Kensington Redevelopment Opportunity, Philadelphia, PA