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$700,000
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Property Description
A central location along the booming Norris Square neighborhood boasting almost 4,500 square feet of vacant space on the first and second floor along with 2200 square feet in the lower level, being sold with an adjoining lot, are two highlights that make 601 W Susquehanna Ave a fantastic investment/development opportunity. Formerly a corner grocery store and warehouse, this property is prime for a new owner to take advantage of its CMX2 zoning to create a varied mix of commercial, retail, and residential uses. Comparable sales 1 block away are in the $600,000.00 plus range. The first and second levels are completely open, with lots of windows flooding the spaces with natural light and huge ceiling heights. Roll-down doors help secure the first level, while roof-top access from the second level lets you view the city skyline, perfect for a future roof deck. The basement is just as expansive, making it ideal for storage. The adjoining lot has also been emptied, adding to the possible uses for the property. The project is located within a Federal Opportunity Zone which offers potential tax advantages, making it an attractive investment opportunity for savvy investors. It also presents an Amazing opportunity to bring your visionary concepts to life. 601 W Susquehanna Avenue's sought-after location is close to new construction, shopping centers, schools, parks, and public transportation. Plus, there's easy access to Temple University, Fishtown, and Northern Liberties. Schedule your showing today!
Full Property Details
Full Property Details for 601 W Susquehanna Ave
General
- Sold For: $700,000
- Taxes: $2,343 (2023)
- Status: Closed
- Type: Warehouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2325748
- Added to Site: 820 day(s) ago
Business
- Business Type: Supermarket/Grocery Store, Warehouse
Parking
- Parking Type: None
Location
- Area: 19122 (19122)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Norris Square
- Subdivision: Norris Square
- Driving Directions: North on 5th Street, West on Susquehanna Avenue
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Water Heater: Natural Gas
Utilities
- Sewer: Public Septic
- Water: Public
Structural Information
- Construction: Masonry
- Foundation: Stone
- Stories/Levels: 2
- Year Built: 1915
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,034
- Lot Size Source: Assessor
- Lot Dimensions: 38.00 x 65.00
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $124.1
- Assessment Year: 2023
- School Tax: $1,285
- City/TownTax: $1,057
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $167,400
- Tax Amount: $2,343
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 177
Listed and Sold by KW Empower, Stuart C Cohen
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Schools
Schools serving 601 W Susquehanna Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Hartranft John F School 720 West Cumberland Street, Philadelphia, PA 19133 | K-8 | 0.3 mi |
Kensington Creative & Performing Arts High School 1901 North Front Street, Philadelphia, PA 19122 | 9-12 | 0.8 mi |
Kensington Culinary Arts 2463 Emerald Street, Philadelphia, PA 19125 | 9-12 | 0.8 mi |
Kensington HS 2501 Coral Street, Philadelphia, PA 19125 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 601 W Susquehanna Ave
Date
Details
Price
Change
Source
7/01/2024
Sold
$700,000
-15.66%
MLS
2/26/2024
Listed
$830,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
601 W Susquehanna Avenue, Philadelphia, PA 19122 (MLS# PAPH2325748) is a Warehouse property that was sold at $700,000 on July 01, 2024. Want to learn more about 601 W Susquehanna Avenue? Do you have questions about finding other Warehouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

