MLS® ID: PAPH795650
3037 RICHMOND STREET
PHILADELPHIA, Pennsylvania, 19134 $850,000
Will not last long. Rare investment opportunity ready for historic building reimagining or new residential redevelopment. Built by architect E. Wilson Allen in 1913, this historic silent theatre structure now houses Port Richmond Books, a retail / warehouse book business. The structure has numerous mixed use, residential and commercial redevelopment options. The 10,000+ SF clear span structure with a vaulted ceiling is ready to be refreshed as a new retail, food or entertainment venue. The location will soon benefit from the 18 month long PennDOT $32M Richmond Street Reconstruction and Improvement Project. The soon-to-be completed improvements include street widening, improving the stormwater, installing new SEPTA 15 trolley tracks, and the reconstruction of the SEPTA Westmoreland Loop trolley/bus station. PennDOT~s new multi-modal approach to this project also is reflected in improvements in the new curbs, sidewalks, ADA curb ramps, new traffic signals and bump out extensions for the SEPTA trolley stop at Clearfield Street. This neighborhood street will be fully renewed and upgraded when the new ornamental, pedestrian-scale street lights, and 60 plus trees street trees are installed by late 2019.The sale includes three additional properties, 3032R-34R & 36R Melvale St. providing access to the rear of the property and off street parking accessible from E. Elkhart St.