1200 N 5th St
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1200 N 5th St
4,220 SF Vacant Retail Building Philadelphia, PA 19122 $1,350,000 ($320/SF)
Executive Summary
MPN Realty Inc., is pleased to present the exclusive sale of 1200 N 5th St., a corner mixed-use investment property located along Girard Avenue’s commercial corridor. The site consists of two commercial spaces and three apartments. The corner commercial space, a former diner/restaurant is currently vacant and presents a great opportunity to for an owner-user. The second commercial space is also vacant. Both spaces are currently marketed for lease. The apartments were renovated in 2017, featuring new kitchens w/quartz counters, stainless steel appliances, white cabinets,engineered hardwood floors, 4-piece tile baths, laundry in each unit, and plenty of natural light throughout. All units are self-contained, and the property has two years remaining on a partial tax abatement.
Located at the northwest corner of N. 5th Street and W. Girard Avenue, the property is nestled between Northern Liberties and Fishtown. This is an excellent location right in the heart of a tremendous amount of development along Girard Avenue both to the East and West. The site has easy access to Center City, the Girard trolley line, the Market Frankford El train, and many bus routes. Northern Liberties and Fishtown are both bustling commercial corridors with an abundance of restaurants, cafes, grocery stores, and retail stores. Both neighborhoods also have a very strong residential market and are prime locations for residents of Philadelphia.
Located at the northwest corner of N. 5th Street and W. Girard Avenue, the property is nestled between Northern Liberties and Fishtown. This is an excellent location right in the heart of a tremendous amount of development along Girard Avenue both to the East and West. The site has easy access to Center City, the Girard trolley line, the Market Frankford El train, and many bus routes. Northern Liberties and Fishtown are both bustling commercial corridors with an abundance of restaurants, cafes, grocery stores, and retail stores. Both neighborhoods also have a very strong residential market and are prime locations for residents of Philadelphia.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,220 SF
Building Class
C
Year Built/Renovated
1925/2020
Price
$1,350,000
Price Per SF
$320
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.42
Lot Size
0.04 AC
Zoning
CMX-2 - Commercial Mixed-Use
Frontage
Amenities
- 24 Hour Access
- Corner Lot
- Metro/Subway
- Restaurant
- Air Conditioning
Walk Score ®
Walker's Paradise (94)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 871524500 | Improvements Assessment | $448,960 |
| Land Assessment | $112,240 | Total Assessment | $561,200 |
PROPERTY TAXES
Parcel Number
871524500
Land Assessment
$112,240
Improvements Assessment
$448,960
Total Assessment
$561,200
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1200 N 5th St
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