9237 Frankford Ave, Philadelphia, PA 19114

$1,200,000

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List Price
$1,200,000
Days on Market
29
Status
ACTIVE
MLS#
PAPH2658510
Lot Size (Acres)
0.05
Year Built
1935
County
Philadelphia
School District
The School District Of Philadelphia

Property Description

Rare opportunity to acquire 9237, 9239, and 9241 Frankford Avenue as one complete investment package. The portfolio consists of three consecutive CMX-2 commercial buildings totaling approximately 5100 square feet, plus basements and rear yards. The properties are occupied by a long-established real estate office that has operated at this location since 1980. The current total rent is $5,500 per month under a triple-net lease. The tenant pays the property taxes, property insurance, trash fees, and all maintenance expenses, providing the owner with predictable income and minimal property-level operating obligations. Lease renews 9/2028. Located in an established Northeast Philadelphia business district with strong visibility, walk-in traffic, and an excellent traffic count. Nearby businesses and destinations include Wawa, Rite Aid, Burger King, banks, restaurants, professional offices, Holy Family University, Nazareth Academy, the Union League Golf Club at Torresdale, Northeast Philadelphia Airport, and the Linden Avenue boat ramp. The properties also offer convenient access to I-95, Route 1, Center City Philadelphia, and the Betsy Ross Bridge. All three properties are being sold together as one package. Contact the listing agent for financial information, lease details, and showing instructions.

Additional Information

Area
19114 (19114)
Subdivision
Torresdale
Taxes
$2325
School District
The School District Of Philadelphia
Flooring
Carpet
Heating
Forced Air
Heating Fuel
Natural Gas
Cooling
Central A/C
Roof
Flat
Utilities
Cable TV Available, Multiple Phone Lines, Natural Gas Available, Phone
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of RE/MAX Select Group. Contact: 2153356900