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Rick Sanderson Jr

rick@sandersonsells.com +1(856) 905-0830

Listed by Rich Cassell • KW Empower

$ 2,800,000

Est. payment -/mo

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Active

2214 W ONTARIO ST Philadelphia, PA 19140

0.9 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAPH2359678

Year Built 1920

Tax Year 2022

Lot Size 0.898 Acres

Acres 0.9

Lot Dimensions 151.00 x 237.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Jump into your next development project which is truly shovel ready!
-Incredible Investment Opportunity in a Thriving Locale!
-Projected Gross Rent: $1,012,200 annually
-64-unit property consisting of 1 & 2-bedroom apartments
-Average 1 bed 575 sf and average 2 bed 1100 sf
-40 Parking Spaces with No Low-Income Housing Requirement
-Adaptive Reuse Project with Completed Foundation & Facade
-Comprehensive Documentation: Plans, Permits, Reports, and Surveys Included

This property presents an exceptional investment prospect in a rapidly developing area. With a substantial projected rental income and a high cap rate, investors can expect significant returns. Don't miss out on this lucrative opportunity to capitalize on the growth potential of this dynamic market! This building would make an excellent addition to your portfolio. Contact us today to learn more about this exciting investment opportunity.

Location

State PA

County Philadelphia

Area 19140 (19140)

Zoning I2

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Inclusions lans, permits, reports, and surveys will be provided to the buyer

Heat Source Electric

Exterior

Garage Spaces 40.0

Water Access N

Accessibility 2+ Access Exits, 32\"+ wide Doors, 48\"+ Halls

Total Parking Spaces 40

Garage N

Building

Sewer Public Hook/Up Avail

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 884341857

Ownership Fee Simple

Special Listing Condition Standard

Virtual Tour https://new.express.adobe.com/webpage/a5ZloHjpUMLxb

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Masterman Julia R Secondary School

Public | 5 - 12
7

Laboratory Charter School

Public | KG - 8
5

Alliance for Progress Charter School

Public | KG - 8
5

Young Scholars Charter School

Public | 5 - 8
5

Eugenio Maria de Hostos Charter School

Public | KG - 8
4

Martha Washington Elementary Academics

Public | KG - 8
4

Cook-Wissahickon Elementary School

Public | KG - 8
4

Robert Morris School

Public | KG - 8
4

Bache-Martin Elementary School

Public | PK - 8
4

Wissahickon Charter School

Public | KG - 8
4

Mastery Charter School - Francis D. Pastorius Elemen

Public | KG - 8
4

Math Civics and Sciences Charter School

Public | 1 - 12
4

People for People Charter School

Public | KG - 8
4

Spring Garden School

Public | KG - 8
4

Kipp Philadelphia Charter School

Public | KG - 12
4

John F. Hartranft School

Public | PK - 8
4

John Moffet Elementary School

Public | KG - 5
4

Antonia Pantoja Community Charter School

Public | KG - 8
4

Adaire Alexander School

Public | KG - 8
3

Belmont Charter School

Public | KG - 8

Middle Schools 10

4

Mastery Charter School-Pickett Campus

Public | 6 - 12
4

Esperanza Cyber Charter School

Public | 6 - 12
3

Esperanza Academy Charter High School

Public | 6 - 12
2

Eastern University Academy Charter School

Public | 7 - 12
2

The Sd of Philadelphia Virtual Academy

Public | 6 - 12
2

The Promise Academy at Roberto Clemente Middle School

Public | 6 - 8
1

Penn Treaty

Public | 6 - 12
1

Feltonville School of Arts and Sciences

Public | 6 - 8
0

Wordsworth Academy

Private | 6 - 12
0

Wakisha Charter School

Public | 6 - 8

High Schools 20

9

Central High School

Public | 9 - 12
7

Carver High School

Public | 9 - 12
7

Bodine William W High School

Public | 9 - 12
6

Girls High School

Public | 9 - 12
5

Parkway-Center City

Public | 9 - 12
5

Philadelphia Military Academy at Elverson

Public | 9 - 12
5

Multi-Cultural Academy Charter School

Public | 9 - 12
4

Franklin Lc

Public | 9 - 12
2

Randolph A. Philip Avt High School

Public | 9 - 12
1

School of the Future

Public | 9 - 12
1

Strawberry Mansion High School

Public | 9 - 12
1

Dobbins Avt High School

Public | 9 - 12
1

Benjamin Franklin High School

Public | 9 - 12
1

Mastery Charter School at Gratz

Public | 9 - 12
1

Imhotep Institute Chs

Public | 9 - 12
1

Delaware Valley Chs

Public | 9 - 12
1

Kensington Creative & Performing Arts High School

Public | 9 - 12
1

Edison / Fareira High School

Public | 9 - 12
1

Kensington Health Sciences Academy

Public | 9 - 12
1

Kensington International Business High School

Public | 9 - 12

School and business data provided by Attom Data.

Rick Sanderson Jr

Agent | License ID: 0790603

+1(856) 905-0830

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Rick Sanderson Jr

2214 W ONTARIO ST Philadelphia, PA 19140

Key Details

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Others

NEARBY SCHOOLS & PROPERTIES

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