2,254 Sqft Lot
2,254 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Lot Size 2,254 Sqft
MLS Listing ID PAPH2605076
Financing Cash,Conventional,FHA,Private,VA,FHA 203(b),FHA 203(k)
Subdivision Elmwood Park
Total Units 3
Short Sale No
Originating MLS BRIGHT
Property Description
Rare opportunity to acquire an income-producing triplex situated on a 2,254 sq ft lot with 2,175 sq ft of building area, zoned IRMX , one of Philadelphia's most flexible and sought after industrial mixed-use designations.
The property currently operates as a 3-unit residential building with two occupied units generating immediate cash flow. The 2nd and 3rd floor units are in great condition with quality, paying tenants in place. The 1st floor unit is vacant and needs only light renovation. A straightforward value-add opportunity to bring the property to full occupancy.
What makes this property truly stand out is the IRMX zoning. By right, IRMX allows multi-family residential, artist studios, artisan industrial, office, warehouse, restaurant, and a wide range of commercial uses, with no required rear yard setback, up to 75% lot coverage, and a maximum building height of 60 feet. An investor or developer can build out the existing footprint, add a rear structure to the property line, or pursue a mixed-use redevelopment all without needing a variance.
Income today. Upside tomorrow. Don't miss this one.
Location
State PA
County Philadelphia
Area 19142 (19142)
Zoning IRMX
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Electric
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Parking Type On Street
Building
New Construction N
Foundation Concrete Perimeter
Lot Dimensions Frontage: 16.00 Depth: 141.00 SQFT: 2,254 Acres: 0.0517
Sewer Public Sewer
Water Public
Schools
High Schools John Bartram
School District The School District Of Philadelphia
Others
Tax Amount $1,639
Tax Year 2025
Tax ID 871561940
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Private, VA, FHA 203(b), FHA 203(k)
Special Sale Standard
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