1. Pennsylvania
2. Philadelphia
3. 3945 FRANKFORD AVENUE

3945 FRANKFORD AVENUE, Philadelphia, PA 19124

Property Description

This exceptional 1.8-acre property presents an outstanding opportunity for developers, offering the potential to construct 162 residential units by right under CMX-2 zoning. Currently, the site includes a 7,760 sq. ft. single-story building and a gated lot with 83 surface parking spaces. These are fully leased under a Triple Net Lease, generating $144,000 in annual rental income with scheduled yearly increases. The lease recently commenced with a five-year term, and the property also brings in an additional $10,000 annually from billboard revenue. With lot dimensions of 371 x 200 feet, totaling 78,610 sq. ft., this prime site is strategically located in the vibrant Frankford neighborhood. It offers seamless access to major roadways, including I-95, the Betsy Ross Bridge, and US Route 1. Public transportation is easily accessible, with a Walk Score of 83, a Transit Score of 64, and a Bike Score of 66. The property is just a short walk from the Erie-Torresdale Station on the MFL Frankford TC to 69th Street TC line. Surrounded by parks such as Frankford Park, Harrowgate Park, and Gates Park, this location is ideal for future residential development. This rare investment opportunity combines a well-positioned, income-producing asset with remarkable development potential. Don’t miss your chance to capitalize on this prime real estate opportunity!

Listing Status:

Active

Date Added:

February 6, 2025 at 06:00AM

Listing Office:

RE/MAX @ HOME : 2156073535

Listing Agent:

Maria Maria Quattrone Quattrone : 2156073523

MLS ID:

PAPH2421996

Interior

• A/C: Central A/C
• Heating: YForced Air
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Maria Maria Quattrone Quattrone, RE/MAX @ HOME