2531 E Lehigh Avenue, Philadelphia, PA 19125 - Photo 1

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$815,000

Sold
Closed
Commercial

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Property Description

Welcome to 2531 Lehigh Ave! This commercial corner building is located in the Fishtown neighborhood of Philadelphia. This space features over 6,800 square feet of space with one car garage parking. The property was previously used as the Portside Arts Center, a community based arts center that provided services and classes to the neighborhood. The Philadelphia Mural Arts Program completed Portside's full building educational fish mural, making the building a landmark. The building features high vaulted ceilings and great south facing sunlight. There is plenty of opportunity here to customize this space, or use it as studio/office spaces. Opportunity to develop 6 or more units. Previous use for the space included a gallery, offices, and artist studios. The first floor is currently occupied on a month to month lease with over 2,000 square feet of office space. Schedule your showing today. You do not want to miss this unique property.

Full Property Details

Full Property Details for 2531 E Lehigh Ave

General

Sold For: $815,000
Taxes: $9,020 (2023)
Status: Closed
Type: Commercial
Source: BrightMLSPhilly
MLS ID: PAPH2206234
Added to Site: 1, 054 day(s) ago

Business

Business Type: Other

Interior

Flooring: Wood

Parking

Total Spaces: 1
Parking Type: Private Garage

Location

Area: 19125 (19125)
Municipality: PHILADELPHIA
County: Philadelphia
Development Name: Fishtown
Subdivision: Fishtown
Building Name: PORTSIDE ARTS CENTER
Cross Streets: Belgrade
Driving Directions: Use GPS

Heating & Cooling

Cooling Type: None
Heating Type: Baseboard - Electric
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Construction: Masonry
Stories/Levels: 0
Year Built: 1924
Year Built Source: Assessor

Unit Information

# Tenants: Single

Lot Features

Lot Size (Acres): 0.08
Lot Size (Sq. Ft.): 3,521
Lot Size Source: Assessor
Lot Dimensions: 38.00 x 90.00
Zoning: CMX2

Financial Considerations

Price Per Sq. Ft.: $125
Assessment Year: 2023
School Tax: $4,949
City/TownTax: $4,070
City/TownTax Freq: Annually
Tax w/Assessment: $644,400
Tax Amount: $9,020
Tax Year: 2023

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 172

Listed by Keller Williams Philly, James F Roche Jr. and Keller Williams Philly, Olivia Scarlett Soares
Sold by Keller Williams Philly, Stacy L Sanseverino

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Listing agents

— 2531 E Lehigh Ave —

James F Roche Jr.

Keller Williams Philly
Olivia Scarlett Soares

Keller Williams Philly

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Schools

Schools serving 2531 E Lehigh Ave

School District:Philadelphia City School District

Name	Grades	Distance
Richmond School 2944 Belgrade Street, Philadelphia, PA 19134	K-5	0.4 mi
Kensington HS 2501 Coral Street, Philadelphia, PA 19125	9-12	0.7 mi
Kensington Culinary Arts 2463 Emerald Street, Philadelphia, PA 19125	9-12	0.7 mi
Kensington Creative & Performing Arts High School 1901 North Front Street, Philadelphia, PA 19122	9-12	0.9 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 2531 E Lehigh Ave

Date

Details

Price

Change

Source

12/28/2023

Sold

$815,000

-4.12%

MLS

6/16/2023

Price Reduced

$850,000

-5.56%

MLS

4/13/2023

Price Reduced

$900,000

-5.26%

MLS

3/23/2023

Price Reduced

$950,000

-5%

MLS

3/03/2023

Listed

$999,999

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3
Beds
1
Total Bath
1,289
Sq. Ft.

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2531 E Lehigh Avenue, Philadelphia, PA 19125 (MLS# PAPH2206234) is a Commercial property that was sold at $815,000 on December 28, 2023. Want to learn more about 2531 E Lehigh Avenue? Do you have questions about finding other Commercial real estate for sale in Richmond? You can browse all Richmond real estate or contact a Coldwell Banker agent to request more information.

2531 E Lehigh Ave Philadelphia, PA 19125