MLS® ID: PAPH819966
1918 E HAGERT STREET
PHILADELPHIA, Pennsylvania, 19125 $1,499,000
DRASTICALLY REDUCED!! HIGHLY MOTIVATED SELLER!! Calling all Builders, Developers and Investors: Here is an excellent opportunity to purchase income producing garage space with lots of potential in the red hot Fishtown, America's hottest neighborhood according to Forbes. The ~4,500 sq.ft. garage has high ceilings and comes with an existing tenant that will provide you with immediate income to add to your portfolio. OR The land itself is zoned as IRMX, which allows for a variety of uses, as well as building heights up to 60'. No variances are required to tear down the existing garage and build 24 units to maximize your investment. (See building plans attached). Located in a Qualified Opportunity Zone (QOZ). Environmental testing has been completed. There are several other projects of similar scale underway nearby including Multi-family, mixed use and commercial purposes. Walking distance to the Market-Frankford Line and two major commercial corridors- Front Street and Frankford Avenue. Short distance to major highways making an easy commute in and out of the city. The seller is highly motivated and ready for a quick sale.