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Map
$1,656,871*
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Commercial -
Off Market
2017 W DIAMOND STREET
PHILADELPHIA, PA 19121
Studio
0 Bath
$1,125,000 - $1,375,000
Reference Base Price*
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
DIAMOND STREET REDEVELOPMENT PROJECT :: A handsome large stone and
brick facility with excellent proportions, good bones and plenty of
curb appeal is offered for development with property tax
incentives. This parcel includes five parcels with six buildings
that total 22,164 SF sitting on 14,867 SF of land. || The main
facility includes three buildings that total 18,348 SF with a 120'
front and 100' depth and is composed of the Church-Chapel-Rectory,
plus a full interconnected walkable basement with concrete floors
below grade, and plenty of groomed outdoor space. || The main
level of the Church opens to an expansive community hall with tall
ceilings. The second level contains the central nave with a balcony
and soaring ceiling where an additional third level of about 5,400
SF can be added. The chapel is two-stories with a generous open
footprint that connects the church to the rectory. Finally, the
rectory is a modest three-story structure that can serve as either
office or living space. || Although the primary facility offers
sound structures, these three buildings require a complete overhaul
to modernize all systems, which would then make it eligible for a
ten-year property tax abatement on the improvements. Providing
all-new contemporary amenities and retooling the mission would
anchor this facility as a hub in the evolving nearby community.
|| This property is located within the Diamond Street
Historic District which is celebrated for its elegant Victorian
townhome architecture proceeding from Broad Street west to Van Pelt
Street which once served the expanding nouveau riche following
post-Civil War industrialization. Your architect can advise you on
the benefits of a Facade Easement or Historic Tax Credits to defray
reconstruction costs. || Furthermore, this property is
located within a KIZ 'Keystone Innovation Zone' which provides
benefits, incentives, and tax credits to for-profit
companies in life sciences and technology. || Three
brick residential structures on Woodstock Street adjoin the main
parcel and is an integral component of the sale. Each lot is
16'x60' and is zoned single-family, RSA5. These buildings are
two-story 1,272 SF residences, each with three bedrooms plus a full
walkable basement. These residential structures have over the years
aided the mission of the main facility and are packaged with the
main parcel as an option to support the new owners' objectives. The
residential properties are not shells, yet a complete rehab of all
systems will make each of these residences eligible for a ten-year
property tax abatement on the improvements and an ARV north of
$225K. || Overall, this offering is suitable for use as a:
Hospitality or Teaching Facility, Medical-Health Facility,
Long-Term Care, Tech Ctr, Event Center, Special Purpose,
Multifamily, or Community Center. || This facility is located on a
generous double-wide street and provides a good public
transportation corridor to Broad Street, Temple Univ, and Center
City. Ask us about parking opportunities for your redevelopment
project. || Please feel free to contact us to discuss details and
various development objectives.
Unit Size
-
Days on Market
-
Land Size
0.34 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$12,591
HOA Dues
-
Year Built
1900
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 9, 2022 | Sold | $625,000 | |
Sold | |||
Nov 2, 2020 | No longer available | - | |
No longer available | |||
Oct 2, 2020 | Price Decreased |
$1,250,000
↓ $245K
(16.4%)
|
|
Price Decreased | |||
Aug 19, 2020 | Price Decreased |
$1,495,000
↓ $105K
(6.6%)
|
|
Price Decreased | |||
Mar 1, 2020 | Listed | $1,600,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
3
Beds
3
Baths
1,845 ft²
$610/ft²
$1,125,000
Sep 5, 2023
$1,125,000
Dec 13, 2023
-
Townhouse
5
Beds
6
Baths
3,684 ft²
$354/ft²
$1,302,500
Jul 27, 2020
$1,302,500
Oct 27, 2020
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/12/2021
|
|
Loft
|
-
|
-
|
$1,150,000
Loft
-
|
-
-
|
-
|
Charles Balducci
Keller Williams Philadelphia
|
03/01/2020
|
|
Loft
|
-
|
-
|
$1,600,000
Loft
-
|
-
-
|
-
|
-
|