1901 Tioga St Philadelphia, PA 19140
- Investment properties
- 1,920 SF
- 0.03 lot acres
Current Use by Public Records
- Peña Toribio Grocery / Grocery Store
- City Athletics, Inc. / Gym
- spinthick.wbritt / Fitness Center
Property Details for 1901 Tioga St
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.03 lot acres
- Property size
- 1,920 SF
- Zone code
- CMX2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 87-1-5705-80
- APU
- 871570580
Description
This exceptional Philadelphia investment opportunity presents a unique 37,183 square foot multifamily property, encompassing two distinct buildings on a 0.46-acre lot. Formerly a school and church, this mixed-use building offers immense potential for redevelopment. The four-story former school building features spacious classrooms on each floor, bathrooms on every level, a large kitchen, and a smaller kitchenette on the top floor. High ceilings (10 feet) and abundant natural light enhance its historic charm. The former church, currently a gym, boasts a modern HVAC system, two floors, two stages, two full-sized basketball courts, and a basement area. The property includes 10 parking spaces in a fenced lot. Located in Philadelphia's Tioga neighborhood, near new construction and updated buildings, this property is zoned RSA3 and offers ample office space. The building's size and layout present significant opportunities for conversion into additional residential units, capitalizing on the high ceilings and large windows. This fee-simple ownership offers a rare chance to acquire a piece of Philadelphia history and contribute to the neighborhood's revitalization. The asking price is $1,900,000, with a price per square foot of $51.10. Built in 1922, this property's APN is 776278000. The address is 1901 W Tioga St, Philadelphia, PA 19140.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $85,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $60,000
- 6.5%
- $55,000
- 7%
- $60,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $60,000
- Geo Method
- $70,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $65,000
- Retail
- $65,000
- Mixed-Use
- $55,000
- Hospitality
- $55,000
- Educational
- $70,000
- Residential Income
- $65,000
- Energy
- $65,000
- Income-Based Land
- $75,000
- Food Service
- $70,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1049
- Latitude
- 39.9989
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
