240 E Girard Avenue
Philadelphia, PA 19125
- – beds
- – baths
- 10,505 sqft
- 2,575 sqft lot
- $230 per sqft
- 1915 build
$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) — all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) — apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket. ***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.
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Checking…
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Last updated Jan 24, 2025
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MLS# PAPH2421778 —
The Building
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Year Built:1915
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Year Built Source:Assessor
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New Construction:Yes
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Construction Materials:Masonry
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Construction Completed:Yes
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Building Units Total:2
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Structure Type:Other
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Architectural Style:Unit/Flat
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Accessibility Features:Elevator
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:10505
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:10505
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Living Area SqFt:10,505 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Immediate
Location
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Directions:USE GPS
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Latitude:39.96923828
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Longitude:-75.13236237
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Assessor
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Lot Size Dimensions:35.00 x 74.00
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Lot Dimensions Source:Assessor
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Lot SqFt:2,575 Sqft
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Zoning:CMX2
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:CA0
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (610) 606-1095
- Office phone:
- (609) 399-5454
Taxes
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Tax ID Number:881806407
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Tax Year:2025
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Tax Lot:333
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Tax Annual Amount:$24,411
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Tax Assessed Value:$1,743,900
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Year Assessed:2025
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School Tax:13670.0
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City/Town Tax:10740.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Natural Gas
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Heating:Yes
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Heating Type:Central
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Heating Fuel:Central
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:8.40
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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One Bedroom Units:9
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/17/25
Jan 17, 2025
|
Price Changed | BRIGHT | $2,417,000 | -12.1% |
|
11/25/24
Nov 25, 2024
|
Listed / Active | BRIGHT | $2,750,000 |
