For Sale
$795,000

5541 2Nd StPhiladelphia, PA 19120

Prime Olney location, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
124

Highlights

  • Redevelopment opportunity: 8-unit apartment building with 4,000 sq ft of commercial space requiring renovations.
  • Excellent location: Close to major roadways (Routes 1, 611, I-95) and public transportation (SEPTA's Fern Rock & Olney Transportation Centers).
  • High-occupancy submarket: Historically boasts 90%+ occupancy.
  • Strong medical employment hub nearby: Proximity to several major hospitals.
  • Abundant amenities: Near parks, shopping (One & Olney Shopping Center), and the North 5th Street business corridor.

Property Details for 5541 2Nd St

Property type
Apartment buildings
Square Feet
15,010 SF
Year Built
1900
Buildings
1
Stories
2
Units
8

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
40.0355214
Longitude
-75.125203
5541 2Nd St, Philadelphia, Pennsylvania
Leaflet | © OpenStreetMap contributors

FAQs

What type of property is this?
Apartment building - Prime Olney location, redevelopment opportunity.
Where is the apartment building located?
The property is located at 5541 2Nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Redevelopment opportunity: 8-unit apartment building with 4,000 sq ft of commercial space requiring renovations.; Excellent location: Close to major roadways (Routes 1, 611, I-95) and public transportation (SEPTA's Fern Rock & Olney Transportation Centers).; High-occupancy submarket: Historically boasts 90%+ occupancy.
How can I contact the broker?
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5541 2Nd St
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