This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
1026-28 Belmont Avenue, Philadelphia, PA 19104
$400,000
1026-28 Belmont Avenue, Philadelphia, PA 19104View this property at 1026-28 Belmont Avenue, Philadelphia, PA 19104
1026-28 Belmont AvenuePhiladelphiaPA19104
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Rare QOZ Development Opportunity: Priced to Sell, Robust Price Adjustment! West Philadelphia Historic Firehouse, Circa 1895. Convert and polish this extraordinary historic architectural gem into a stunning Custom Residential or Multifamily Structure, a Short Term Rental Facility, Boutique Hotel, a Custom Artisan-Professional Facility, an Atelier, Fine Art Studio, Sound Studio, a Non-Profit, a Learning Center, Community or Organizational Facility. || The 'Parkside Firehouse', as it is affectionally referred to, with its Beau Arts Italianate Renaissance Revival facade was designed by architect John Torrey Windrim, who apparently also had a hand in the Wannamaker building and numerous commercial, public, and municipal buildings and firehouses across Philadelphia. || This is a large building with a 31.5'x74.6' footprint standing as a three-story 6,885 SF unfinished brick shell with a modest backyard. Buyer may elect to add an additional 700 SF or 30% of the floor area as mezzanine loft space on the ground level. The overall 'as-built' lot size is 31.5'x81.8' or 2,577 SF. The structure's south side features a central light well on the upper two levels to illuminate the core of the interior space. An existing curb cut facilitates parking for 2-4 vehicles within the first level. The enclosed horse corral on the front left can be reopened and utilized as the main entrance to receive visitors and guests. || The property is zoned residential RM1 'multifamily' which is suitable for six residential units by code -- based on 'as-built' measures -- and is being offered for sale, 'AS IS, WHERE IS'. || Building Height (Approx): Front 40'; Peak 47'. Ceiling Height: Basement 104" Clearance, First-floor 14.5'; Second-floor 12.5'; Third-floor front 10' Clearance soaring to 16' at the peak and sloping to 7' in the back. The full-depth unfinished basement is 1,754 SF featuring a handsome central arched masonry support spine sporting a 8' double barrel-vaulted ceiling. || This large structure remains an improved shell that renders itself to numerous uses. Recent improvements include new historically approved windows on the facade, a new historically approved cornice, installed basic electric service throughout, replaced water service from the street main to the curb and from the curb to the building, a new roof, and initiated preliminary floor plan carpentry and roughed-in electric on the upper level. || The historic designation principally addresses the facade, not the interior spaces. Notwithstanding these strategic improvements to conserve the structure, this remarkable property essentially stands in shell condition and undoubtedly remains eligible for a Property Tax Abatement. || Furthermore, this development opportunity is located within a Qualified Opportunity Zone and is eligible to roll capital gain investments into real estate within the QOZ guidelines in exchange for favorable capital gains tax benefits for qualified buyers. This property, moreover, is located in the West Philadelphia Empowerment Zone, and finally, it sits in a zone designated for New Market Tax Credits. || This handsome property sits in an area percolating with new activity: Solid traffic counts. Good public transportation east-west and north-south. Easy Access to Parkside West a modern full-service shopping center, Mann Music Performing Arts Center, Children Please Touch Museum, Shofuso Japanese House and Gardens, the Centennial District, Microsoft School of the Future, Belmont Charter School, the Mainline, University City, and finally, the Philadelphia Zoo, and I-76 to King of Prussia, Center City, or the Philadelphia Airport. || This amazing Historic Firehouse property offers a compelling canvas to render your custom residential or business interests. Make it yours! Act promptly, this opportunity will likely move rapidly. Qualified Buyers. Serious Interests Only.
Full Property Details
Full Property Details for 1026-28 Belmont Ave
General
- Sold For: $400,000
- Taxes: $2,309 (2023)
- Status: Closed
- Type: Single Family
- MLS ID: PAPH2149006
- Added to Site: 667 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 4
- Total Spaces: 4
- Parking Features: General Common Elements
- Parking Type: Attached Garage
- Garage Description: Built In
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Belmont
- Subdivision: Belmont
- Building Name: NONE AVAILABLE
- Cross Streets: Girard
- Driving Directions: 200' South of Girard Ave | West Side of Street
- Direction Faces: East
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: None
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Available, Sewer Available, Natural Gas Available, Electric Available
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Detached
- Model: Parside Firehouse
- Construction: Masonry
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Foundation: Stone
- Roof: Flat, Pitched
- Stories/Levels: 0
- Stories Description: Lower 1, Main, Upper 1, Upper 2
- Square Feet: 8,639
- Sq. Ft. Source: Estimated
- Unfin. Above Grnd: 6,885 Sq. Ft.
- Year Built: 1895
- Year Built Source: Estimated
- Property Condition: Major Rehab Needed
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,577
- Lot Size Source: Estimated
- Lot Dimensions: 31.5' x 81.8'
- Frontage Feet: 32
- Lot Features: Rear Yard
- Zoning: RM1
- Lot Description: Rear Yard
Financial Considerations
- Assessment Year: 2023
- School Tax: $1,267
- City/TownTax: $1,042
- City/TownTax Freq: Annually
- Tax w/Assessment: $165,000
- Tax Amount: $2,309
- Tax Year: 2023
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 6300
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Inclusions: All on-site existing building materials and equipment. It's a vacant shell: Buyer agrees to accept the property in 'As-Is, Where-Is' condition, and agrees to remove the 'Broom Swept Condition' for Settlement,
- Lot Number: 27
Listed and Sold by Keller Williams Philadelphia, Charles Balducci
Get Pre-Approved Today
Schools
Schools serving 1026-28 Belmont Ave
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
4600 W Girard Ave, Philadelphia, PA 19131 | K-8 | 0.2 mi | |
5898 Lancaster Ave, Philadelphia, PA 19131 | 9-12 | 1.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1026-28 Belmont Ave
Date
Details
Price
Change
Source
6/09/2023
Sold
$400,000
-14.71%
MLS
3/06/2023
Price Reduced
$469,000
-21.57%
MLS
8/20/2022
Listed
$598,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1026-28 Belmont Avenue, Philadelphia, PA 19104 (MLS# PAPH2149006) is a Single Family property that was sold at $400,000 on June 09, 2023. Want to learn more about 1026-28 Belmont Avenue? Do you have questions about finding other Single Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.