1618 Womrath St Philadelphia, PA 19124

Property Details for 1618 Womrath St

Year built

1910

Property size

17,358 SF

Property type

Schools

Property subtype

Churches & religious facilities

APN

778334000

Description

This exceptional mixed-use property, located at 1618-22 Womrath St in Philadelphia, PA (19124), presents a compelling investment opportunity. The 17,358 square foot building sits on an 8,000 square foot lot and boasts a 100% occupancy rate. Currently configured as an executive office, religious/church, and school space, it offers significant potential for adaptive reuse. The property features a designated assembly area, offices, bathrooms, and a kitchen. Utilities including electric, gas, phone, sewer, and water are connected. Zoned CMX-2, this property allows for substantial development potential, including the possibility of conversion into a mixed-use multi-family building. The asking price is $1,100,000, representing a $63.37 per square foot cost and a 6.00% cap rate. Four parking spaces are available on-site. The sale includes both buildings at 1618-22 Womrath St, along with the existing church contents. The property is being sold "as is." Its prime location near the intersection of Frankford Ave and Kensington Ave provides high visibility and easy access. A Walk Score of 80, Transit Score of 67, and Bike Score of 59 highlight the area's convenience. Nearby amenities include various restaurants, schools (including Sankofa Freedom Academy Charter School and Northeast Catholic High School), grocery stores, and parks (Frankford Park, Harrowgate Park, and Tacony Creek Park). The Market Frankford Line Church Station is a short four-minute trip away. All reasonable offers will be considered.