1001-9 Poplar St, Philadelphia, PA, 19123

1001-9 Poplar St, Philadelphia, PA, 19123 < >
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for sale
$3,500,000
Lot Size:1.36 Acres
Year Built:1965
Status:Active Under Contract
MLS #:PAPH2291330
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
Turn- key investment with lots of options. 8.57% cap rate! 1001 Poplar St adjoins the Northern Liberties section of the city – a very hot real estate market area. This prime real estate opportunity, presents a unique blend of commercial and residential potential. This property currently has a long term lease in place for $25,000 per month triple net. All expenses covered by tenant – make incredible cash flow day one. Options are boundless – keep tenant in place and develop northern portion of the site. Or keep renting and hold onto it and develop it completely in the future. Potential to build by right up to 25 home or create a thriving 37-home community. The versatile zoning permits a harmonious blend of residential and commercial development, catering to a range of investment strategies, and this property offers numerous pathways for revenue generation. This is a rare opportunity to capitalize on a prime piece of real estate in the vibrant Northern Liberties section of Philadelphia. Whether you're looking to create a residential community, commercial development, or a mix of both, 1001-9 Poplar St presents a canvas for your investment vision. As an added incentive, the commercial tenant in place will continue to pay rent while you receive zoning approvals! Again, the buyer has the advantage of assuming the commercial lease, contact us for details. Don't miss out on this chance to be a part of Philadelphia's thriving real estate market. The property address is 1001 Poplar Street. It encompasses two previous properties that were subsequently consolidated into one, namely, 1001-1009 and 1011-1035 Poplar Street. Contact us today to explore this exceptional investment prospect.
Interior Details
Building Total SQFT: 0.00

Exterior Details
Lot Size Acres: 1.36Lot Size Dimensions: 400.00 x 21.00
Lot SQFT: 59048.00Parking Features: Unassigned

Community Information
County: PHILADELPHIAMunicipality: PHILADELPHIA
Subdivision Name: NORTHERN LIBERTIESZoning: RSA5

Property Information From MLS Data
Accessibility Features: OtherBusiness Type: Flex, Apartment Building, Day Care Facility
DOM: 174MLS Area: 19123 (19123)
New Construction YN: NProperty Sub Type: Mixed Use
Year Built: 1965

Utilities
Cooling Type: NoneHeating Type: None
Sewer Septic: Public Hook/Up AvailWater Source: Public Hook-up Available

Listing Information Courtesy of:
Co List Agent Full Name: Guillermo Salas III
List Agent Full Name: Danielle S. Py-Salas
List Office Name: EXP Realty, LLC
List Office Phone: 8883977352

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Monthly Payment for 1001-9 Poplar St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$3,500,000
Down Payment:
Loan Amount:$2,800,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Danielle S. Py-Salas, EXP Realty, LLC
Information obtained from Bright MLS is current as of 4/28/2024 6:37 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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