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    OFF-MARKET
    Retail properties & Spaces

    2187-91 Norris St, Philadelphia, PA 19125

    Property ID
    Property summary
    AI-generated overview

    This exceptional $1,250,000 mixed-use property at 2187-91 E Norris St in Philadelphia, PA (zip code 19125) presents a unique investment opportunity. Situated on an amazing corner lot just one block from Frankfurt Avenue and within a Federal Opportunity Zone, this building offers significant upside potential. The property currently features a multifamily component, specifically an apartment building, and retail space. The existing structure provides a solid foundation for various development scenarios. Imagine the possibilities: converting the existing space into a thriving mix of residential and commercial units, or even undertaking a complete redevelopment. The property includes over 20 parking spaces, conveniently accessed via two overhead drive-in bay doors, a significant advantage in this vibrant urban neighborhood. This prime location in Fishtown, known for its trendy atmosphere and strong rental demand, makes this a compelling investment for both experienced developers and savvy investors seeking a high-return opportunity. The existing building's layout and the ample parking provide a flexible platform for a variety of creative development plans. Don't miss this chance to acquire a property with immense potential in one of Philadelphia's most sought-after neighborhoods.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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