Address
1001 Poplar Street, Philadelphia, PA
Price
$ 3,500,000
Property Attributes
- MLS#PAPH2291330
- TypeContingent
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19123
- NeighborhoodNorthern Liberties
- Zip19123
- StyleFlex,Apartment Building,Day Care Facility
- Year Built1965
- Taxes$ 25059
- Price$ 3,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.36 Acres
Data Source:
Bright MLS
Property Description
Turn- key investment with lots of options. 8.57% cap rate! 1001 Poplar St adjoins the Northern Liberties section of the city a very hot real estate market area. This prime real estate opportunity, presents a unique blend of commercial and residential potential. This property currently has a long term lease in place for $25,000 per month triple net. All expenses covered by tenant make incredible cash flow day one. Options are boundless keep tenant in place and develop northern portion of the site. Or keep renting and hold onto it and develop it completely in the future. Potential to build by right up to 25 home or create a thriving 37-home community. The versatile zoning permits a harmonious blend of residential and commercial development, catering to a range of investment strategies, and this property offers numerous pathways for revenue generation. This is a rare opportunity to capitalize on a prime piece of real estate in the vibrant Northern Liberties section of Philadelphia. Whether you're looking to create a residential community, commercial development, or a mix of both, 1001-9 Poplar St presents a canvas for your investment vision. As an added incentive, the commercial tenant in place will continue to pay rent while you receive zoning approvals! Again, the buyer has the advantage of assuming the commercial lease, contact us for details. Don't miss out on this chance to be a part of Philadelphia's thriving real estate market. The property address is 1001 Poplar Street. It encompasses two previous properties that were subsequently consolidated into one, namely, 1001-1009 and 1011-1035 Poplar Street. Contact us today to explore this exceptional investment prospect.
| Price History | |
|---|---|
| 10/30/2023 | Listed $5,000,000 |
| 1/23/2024 | 30% - $3,500,000 |
General Features
| Sewer | Public Hook/Up Avail |
|---|---|
| Heating | None |
| Cooling | None |
| Possession | Settlement |
| Zoning | RSA5 |
| Construction Materials | Masonry |
| Year Built | 1965 |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Business Type | Flex,Apartment Building,Day Care Facility |
| Accessibility | Other |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | NORTHERN LIBERTIES |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE UNDER CONTRACT |
| Directions | N 10th St and Poplar St Area |
| ModificationTimestamp | 2024-04-20T07:47:27 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 1.5 |
| MLS Area | 19123 (19123) |
| Lot Size Square Feet | 59048.00 |
| Tax Assessed Value | 1790200.0 |
| Waterfront Y/N | No |
| Street Name | POPLAR |
| Tax Annual Amount | 25059.0 |
| Vacation Rental Y/N | No |
| Virtual Tour | https://www.youtube.com/watch?v=m9jhHt6d5Ao |
| Days on Market | 174 |
| Standard Status | Active Under Contract |
| Year Built Source | Assessor |
| Tax Lot | 324 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | None |
|---|---|
| Hot Water | None |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Parking Features | Unassigned |
|---|---|
| Water Source | Public Hook-up Available |
| Type of Parking | Other |
| Land Use Code | ZV0 |
| Water View Y/N | No |
| Building Area Total | 0.00 |
| Lot Dimensions | 400.00 x 21.00 |
| Lot Size Acres | 1.36 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 1253106.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 19123
Price
Taxes
Visits
Year Built
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