#PAPH2428758, Stephen D. Stafford, Listing Office: SDG Management, LLC
$10,000
closing credit¹
240 E Girard Ave Philadelphia, PA 19125
Property details
About 240 E Girard Ave
$1M price reduction: "The Fishtown Portfolio" presents a rare investment opportunity to acquire three (3) best-in-class boutique mixed-used properties at a substantial discount to replacement cost in the most vibrant location in Philadelphia, Pennsylvania — FISHTOWN. Each building features an instantly recognizable address (Frankford Avenue and Girard Avenue) which insulate the properties and elevate the rentability factor for new ownership. 2301 Frankford = 6 apts + commercial. Signed lease for ground floor commercial (bar concept) — all apartments leased. 2001 Frankford = 8 apts + 2x commercial. Vacant ground floor commercial (to be built out once tenant's procured) — apartments in punchlist/lease up phase. 240 E Girard = 9 apts + 2x commercial. White box commercial space — apartments in lease up. These assets benefit from destination ground floor retail/commercial spaces with unrivaled street presence/exposure. Fishtown is known for its world-class culinary environment, in addition to its thriving retail, commercial and residential landscape swelling with positive demand. 28 total units are included within The Portfolio. 8.4% pro forma cap rate. 10 year tax abatement. Seize the rare opportunity to acquire trophy addresses in Philly's hottest submarket. ***PORTFOLIO SALE; 3 BUILDINGS ON OFFER (2301 FRANKFORD, 2001 FRANKFORD, 240 E GIRARD). USE SELLER'S PREFERRED TITLE COMPANY TO ENSURE SMOOTH SETTLEMENT PROCESS. TAXES, SF, FINANCIALS TO BE INDEPENDENTLY VERIFIED IN DUE DILIGENCE.
Highlights
(ACTIVE)
Summary
- MLS Number: PAPH2421778
- MLS Name: BRIGHT
- Office Name: Keller Williams Liberty Place
- Office Phone: (609) 399-5454
- Office Email: klrw903@kw.com
- Listing Agent: Ryan J McManus
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$2,417,000
240 E Girard Ave
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
6
John Moffet Elementary School
Public District KG-5
0.4 mi
•127 W Oxford St
7
Horatio B. Hackett School
Public District KG-5
0.9 mi
•2161 E York St
3
Richmond Elementary School
Public District KG-5
1.5 mi
•2944 Belgrade St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,691. The majority of Philadelphia, PA residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 240 E Girard Ave
This home is located at 240 E Girard Ave in Philadelphia, PA and zip code 19125 in the Bridesburg / Kensington / Richmond neighborhood. This 10,505 square foot home, which was built in 1915, sits on a 0.06 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $2,417,000.
Philadelphia, PA housing market in January 2025 saw over 152 listings sold above listed price, more than 186 sold at listed price and over 457 sold below. The number of listings in Philadelphia, PA increased by 3.5% between December and January 2025. The median list price of listings available in January 2025 was $266,945, while the average time on the real estate market was 52 days.