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$1,200,000
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Property Description
Introducing an Exceptional Gallery Space in Philadelphia's Vibrant Olde Kensington Neighborhood Welcome to this remarkable 4000 square foot gallery space located on American Street in the heart of Philadelphia's Olde Kensington neighborhood. Nestled at the edge of Northern Liberties and Fishtown, this prime location offers an incredible opportunity to immerse yourself in the burgeoning art scene of the city. Situated along the rapidly developing American Street corridor, this area is quickly establishing itself as the epicenter of art and creativity in Philadelphia. The gallery space enjoys a coveted position within this art hub, surrounded by a dynamic mix of artists, galleries, studios, and cultural institutions. From the moment you step inside, you'll be captivated by the artful design and meticulous care that has gone into maintaining this space. Its street-to-street layout provides a seamless connection, offering a versatile and inviting environment for showcasing a diverse range of artistic expressions. Already renowned among the artistic community, this gallery space has become a sought-after destination for artists and art enthusiasts alike. Its reputation for fostering creativity and providing an engaging atmosphere has attracted a steady stream of visitors seeking inspiration and unique experiences. The location of this gallery space is nothing short of extraordinary. It enjoys a prominent position directly across from the newly relocated Clay Studio, a renowned institution dedicated to ceramics and the visual arts. In addition, being in close proximity to a few exciting breweries adds to the area's vibrant and lively character, creating a captivating blend of art, culture, and culinary delights. Furthermore, there are exciting developments on the horizon that will further enhance the appeal of this already thriving artistic enclave. Two new museums, yet to be unveiled to the public, are set to contribute to the cultural fabric of the neighborhood, making it an even more compelling destination for art enthusiasts and cultural connoisseurs. Immerse yourself in the creative energy of Olde Kensington, where art, culture, and community seamlessly intertwine. Don't miss the opportunity to be part of this thriving artistic ecosystem and make this exceptional space your own.
Full Property Details
Full Property Details for 1522 N American St
General
- Sold For: $1,200,000
- Taxes: $5,408 (2023)
- Status: Closed
- Type: Commercial
- Source: BrightMLSPhilly
- MLS ID: PAPH2242316
- Added to Site: 950 day(s) ago
Business
- Business Type: Other
Interior
- Flooring: Concrete
Rooms
Bathrooms
- Restrooms: 1
Parking
- Total Spaces: 2
- Parking Type: Driveway, On Street, Private Garage
Location
- Area: 19122 (19122)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Kensington
- Subdivision: Kensington
- Cross Streets: Oxford
- Driving Directions: American Street between Oxford and Jefferson
- Location Details: Other
School Information
- Elementary School: John Moffett School
- Middle School: Penn Treaty
- High School: Kensington
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Central
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Natural Gas Available, Electric Available, Phone, Sewer Available, Water Available
Structural Information
- Construction: Masonry
- Foundation: Concrete Perimeter
- Roof: Flat, Rubber
- Drive-In Doors: 2
- Drive-In Clearance: 12' to 15'
- Stories/Levels: 0
- Year Built: 1920
- Year Built Source: Assessor
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Property View: Street
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 4,080
- Lot Size Source: Assessor
- Lot Dimensions: 34.00 x 120.00
- Zoning: ICMX
Financial Considerations
- Price Per Sq. Ft.: $300
- Assessment Year: 2023
- School Tax: $2,967
- City/TownTax: $2,440
- City/TownTax Freq: Annually
- Tax w/Assessment: $386,400
- Tax Amount: $5,408
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Refgrigerator, Farm Tables (2), Round Reception Table, Desk, Furniture, Light Fixtures and Sculpters. (All negotiable)
- Inclusions: Work benches, shelving, steel file cabinets, industrial sinks, dishwasher, Murphy bed, track lighting (all as is condition)
- Lot Number: 216
Listed by Keller Williams Main Line, Laura Y Teran
Sold by Springer Realty Group, Dina Holt
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Schools
Schools serving 1522 N American St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Moffet John School 127 West Oxford Street, Philadelphia, PA 19122 | K-5 | 0.2 mi |
Penn Treaty Middle School 600 East Thompson Street, Philadelphia, PA 19125 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1522 N American St
Date
Details
Price
Change
Source
8/09/2024
Sold
$1,200,000
—
MLS
5/04/2024
Price Reduced
$1,200,000
-14.29%
MLS
2/08/2024
Price Reduced
$1,400,000
-22.22%
MLS
9/06/2023
Price Reduced
$1,800,000
-10%
MLS
6/13/2023
Listed
$2,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1522 N American Street, Philadelphia, PA 19122 (MLS# PAPH2242316) is a Commercial property that was sold at $1,200,000 on August 09, 2024. Want to learn more about 1522 N American Street? Do you have questions about finding other Commercial real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

