Listed By:
EXP Realty, LLC
Address
1001 Poplar Street, Philadelphia, PA
Price
$ 3,500,000
Property Attributes
  • MLS#PAPH2291330
  • TypeCommercial
  • 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
Directions N 10th St and Poplar St Area
ModificationTimestamp 2024-04-17T07:58:17
City PHILADELPHIA
Buyer Agent Compensation 2.5
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 171
Standard Status Active
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 Commercial Average in 19123

Price
AVG $1.1M
$3.5M
Taxes
AVG $13,373
$25,059
Visits
AVG 185
461
Data Provided by Inside Real Estate®
Year Built
AVG 1943
1965

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