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2046-50 E Lehigh Avenue

PHILADELPHIA, PA 19125
  • $6,900,000
  • STATUS: Active
  • ON SITE: 163 Days
  • ID#: PAPH2152948
UPDATED: 44 min ago
$6,900,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2022
County:

School Ratings & Info

Description

On behalf of Ownership, the McCann team is pleased to present the amazing opportunity to acquire 2046 E. Lehigh Avenue, home of The Penn Reading. Currently under construction, this gorgeous new development features 21 luxury residential units consisting of 1 and 2-bedroom apartments, as well as a 965-square-foot expansive street-level commercial space. The building features a striking curved facade and a beautiful green rooftop offering panoramic views of the Philadelphia skyline. The Penn Reading is located on the corner of Lehigh Ave & Frankford Ave in East Kensington just a few blocks from the heart of Fishtown. Situated near an abundance of public transportation with various bus routes, trolley lines, and the Market-Frankford line within walking distance. The project boasts top-of-the-line finishes and is uniquely positioned in the path of growth and poised to see significant rent increases in the proceeding years. The Penn Reading provides investors a rare opportunity to purchase a new construction development that offers significant rental upside with no capital improvements required. This is an exceptional opportunity for investors seeking QOZ benefits pre-CO. Taxes and square footage is the responsibility of the buyer to have verified.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Debbie Jett | Exp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-04T19:50:29.3.
www.debbiejett.com/homes/132421833
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2046-50 E Lehigh Avenue PHILADELPHIA, PA 19125

  • Price: $6,900,000
  • Status: Active
  • On Site: 163 Days
  • Updated: 44 min ago
  • ID#: PAPH2152948
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2022
Built
Neighborhood:
East Kensington
County:
Philadelphia
Area:
19125 (19125)
School District:
The School District Of Philadelphia
Property Description
On behalf of Ownership, the McCann team is pleased to present the amazing opportunity to acquire 2046 E. Lehigh Avenue, home of The Penn Reading. Currently under construction, this gorgeous new development features 21 luxury residential units consisting of 1 and 2-bedroom apartments, as well as a 965-square-foot expansive street-level commercial space. The building features a striking curved facade and a beautiful green rooftop offering panoramic views of the Philadelphia skyline. The Penn Reading is located on the corner of Lehigh Ave & Frankford Ave in East Kensington just a few blocks from the heart of Fishtown. Situated near an abundance of public transportation with various bus routes, trolley lines, and the Market-Frankford line within walking distance. The project boasts top-of-the-line finishes and is uniquely positioned in the path of growth and poised to see significant rent increases in the proceeding years. The Penn Reading provides investors a rare opportunity to purchase a new construction development that offers significant rental upside with no capital improvements required. This is an exceptional opportunity for investors seeking QOZ benefits pre-CO. Taxes and square footage is the responsibility of the buyer to have verified.
Exterior Features

Construction Materials Masonry Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 0.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Apartment BuildingOther Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Other Municipality Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 21 Original MLSNumber 801833807606 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 2023.00 Tax Assessment Amount 144551.00 Tax Lot 236 Vacation Rental YN No Water Source Public Zoning Cmx25

Listing courtesy of Keller Williams Philly: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Debbie Jett | Exp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-04T19:50:29.3.
 
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Debbie Jett | Exp Realty
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