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1839-41 E SOMERSET ST Active

Philadelphia,PA 19134

$ 1675000

- Bed

- Bath

21418 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 21,418 sqft

Price per Sqft $78

Subdivision Kensington

MLS Listing ID PAPH2379744

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $4,316

Tax Year 2024

Lot Size 8,400 Sqft

Acres 0.19

Lot Dimensions 40.00 x 144

Property Description

Select Commercial Advisors proudly presents the Somerset & Ruth Portfolio, an exceptional mixed-use assemblage spanning over 21,000 square feet across six contiguous properties with frontage on three streets in Kensington, North Philadelphia. This unique offering combines income-generating assets with significant future development potential, making it a prime opportunity for savvy investors and developers. This offering represents a rare chance to acquire a substantial footprint in a neighborhood poised for continued growth and revitalization. Whether you're looking to expand your investment portfolio or embark on a new development project, the Somerset & Ruth Portfolio promises both immediate returns and long-term value appreciation.

The Somerset & Ruth assemblage includes two occupied buildings with garages - including a 14,500 square foot warehouse - two vacant buildings, and two vacant lots. The properties are ideally situated just one block from the Somerset Station in Kensington - an historic neighborhood bounded by Fishtown to the South, Port Richmond to the North, and the Delaware River to the East. The area is conveniently accessible via major transportation routes including Interstate 95 and SEPTA's Market-Frankford Line, providing easy connectivity to Center City and other parts of Philadelphia. Contact our team today to schedule a tour. Offering memorandum available upon request.

Location

State PA

County Philadelphia

Area 19134 (19134)

Zoning RSA5

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Garage Spaces 2.0

Waterfront N

Water Access N

Accessibility None

Parking Type Private Garage

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 252024010

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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