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Map
$2,125,000
↓ $150K (6.6%)
●
Commercial -
For Sale
2209 W VENANGO ST
PHILADELPHIA, PA 19140
Studio
0 Bath
$10,435
Estimated Monthly
About This Property
2209 West Venango Street is a new construction multifamily
investment situated in the Nicetown-Tioga neighborhood of
Philadelphia.
The property consists of 12 residential units and features (2) studio apartments, (4) one-bedroom apartments, and (6) two-bedroom apartments. Additionally, select units offer a den room that residents will be able to enjoy. 2209 W Venango Street is being offered with a 10-year tax abatement, subsequent to its building, and, the offering will be delivered with the Certificate of Occupancy in place.
The property's location provides convenient access to major transportation routes including West Hunting Park Avenue, North Broad Street, and Roosevelt Boulevard. Additionally, the property is located less than half of a mile away from SEPTA Allegheny station, offering residents accessible transportation to Center City and the amenity-rich neighborhood of Manayunk.
Situated just a mile from Temple Hospital, 2209 Venango Street offers a convenient location for employees. Moreover, Budd Bioworks, positioned along West Hunting Park Ave, is set to undergo a 30-acre institutionalized revitalization, which is expected to attract a growing influx of graduate students and young professionals. Additionally, within a short distance, one can find two renowned medical colleges, including the Temple University Katz School of Medicine.
- New Construction Multifamily | 12 Units in Nicetown-Tioga
- Healthy Unit Mixes | Studio, One, and Two-Bedroom Layouts
- Tax Incentive | Ten Year Tax Abatement
- Exceptional Basis & Replacement Value | Asking Price Per Square Foot is Well Below Replacement Cost
- Arterial Access | Close Proximity to West Hunting Park Ave and North Broad Street
- Eds and Meds | Located Close to Temple Hospital and Lewis Katz School of Medicine at Temple University
- Life Science Campus Underway | Budd Bioworks will feature 30 Acres of Clinical and Commercial Spaces
The property consists of 12 residential units and features (2) studio apartments, (4) one-bedroom apartments, and (6) two-bedroom apartments. Additionally, select units offer a den room that residents will be able to enjoy. 2209 W Venango Street is being offered with a 10-year tax abatement, subsequent to its building, and, the offering will be delivered with the Certificate of Occupancy in place.
The property's location provides convenient access to major transportation routes including West Hunting Park Avenue, North Broad Street, and Roosevelt Boulevard. Additionally, the property is located less than half of a mile away from SEPTA Allegheny station, offering residents accessible transportation to Center City and the amenity-rich neighborhood of Manayunk.
Situated just a mile from Temple Hospital, 2209 Venango Street offers a convenient location for employees. Moreover, Budd Bioworks, positioned along West Hunting Park Ave, is set to undergo a 30-acre institutionalized revitalization, which is expected to attract a growing influx of graduate students and young professionals. Additionally, within a short distance, one can find two renowned medical colleges, including the Temple University Katz School of Medicine.
- New Construction Multifamily | 12 Units in Nicetown-Tioga
- Healthy Unit Mixes | Studio, One, and Two-Bedroom Layouts
- Tax Incentive | Ten Year Tax Abatement
- Exceptional Basis & Replacement Value | Asking Price Per Square Foot is Well Below Replacement Cost
- Arterial Access | Close Proximity to West Hunting Park Ave and North Broad Street
- Eds and Meds | Located Close to Temple Hospital and Lewis Katz School of Medicine at Temple University
- Life Science Campus Underway | Budd Bioworks will feature 30 Acres of Clinical and Commercial Spaces
Unit Size
-
Days on Market
211 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$92
HOA Dues
-
Year Built
-
Listed By
Last updated: 5 months ago (Bright MLS #PAPH2297634)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 13, 2024 | Price Decreased |
$2,125,000
↓ $150K
(6.6%)
|
|
Price Decreased | |||
Nov 15, 2023 | Listed by Scope Commercial Real Estate Services, Inc. | $2,275,000 | |
Listed by Scope Commercial Real Estate Services, Inc. | |||
Jan 11, 2018 | Sold to Block Acquisition Llc City | $18,500 | |
Sold to Block Acquisition Llc City |
Property Highlights
Air Conditioning
Parking Details
Parking Features: On Street
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Excellent
Year Built Source: Estimated
Building Information
Construction Materials: Advanced Framing, Brick Front, Combination, Concrete
Lot Information
Tidal Water: N
Lot Size Dimensions: 25.00 x 225.00
Lot Size Source: Assessor
Land Information
Land Assessed Value: $78,700
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $497
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $78,700
Tax Year: 2022
Tax Annual Amount: $1,101
Year Assessed: 2023
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Central
Cooling Fuel: Electric
Heating Fuel: Electric
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
2209 West Venango Street
2209 West Venango Street, Philadelphia, PA 19140
- 1 Unit for Sale