2046 E LEHIGH AVENUE

PHILADELPHIA, PA, 19125

$6,900,000

$6,900,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 2022
On behalf of Ownership, the McCann team is pleased to present the amazing opportunity to acquire 2046 E. Lehigh Avenue, home of The Penn Reading. Currently under construction, this gorgeous new development features 21 luxury residential units consisting of 1 and 2-bedroom apartments, as well as a 965-square-foot expansive street-level commercial space. The building features a striking curved facade and a beautiful green rooftop offering panoramic views of the Philadelphia skyline. The Penn Reading is located on the corner of Lehigh Ave & Frankford Ave in East Kensington just a few blocks from the heart of Fishtown. Situated near an abundance of public transportation with various bus routes, trolley lines, and the Market-Frankford line within walking distance. The project boasts top-of-the-line finishes and is uniquely positioned in the path of growth and poised to see significant rent increases in the proceeding years. The Penn Reading provides investors a rare opportunity to purchase a new construction development that offers significant rental upside with no capital improvements required. This is an exceptional opportunity for investors seeking QOZ benefits pre-CO. Taxes and square footage is the responsibility of the buyer to have verified.
MLS® ID:
PAPH2152948
Updated:
12/5/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Forced Air

Exterior/Building Features

Lot Size
4,818 ft² lot
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19125 (19125)
Taxes
$2023.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX25

Property History

Date
Event
Price
Value
11/1/22
Price Change
$6,900,000
-1%

Courtesy of Keller Williams Philly, Jim Onesti

Listing Contact:  

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Data last updated 8:11 AM UTC, 12/5/22

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