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1026-28 Belmont Avenue

PHILADELPHIA, PA 19104
  • $598,000
  • STATUS: Active
  • ON SITE: 41 Days
  • ID#: PAPH2149006
UPDATED: 125 min ago
$598,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,885
    SQFT
  • $87
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1895
County:

School Ratings & Info

Description

Rare QOZ Development Opportunity: West Philadelphia Historic Firehouse, Circa 1895. Convert and polish this extraordinary historic architectural gem into a stunning Custom Residential or Multifamily Structure, a Custom Artisan-Professional Facility, an Atelier, Fine Art Studio, Sound Studio, Boutique Hotel, a Non-Profit, Learning Center, Community or Organizational Facility. ||The 'Parkside Firehouse', as it is affectionally referred to, with its Beau Arts Italianate Renaissance Revival facade was designed by architect John Torrey Windrim, who apparently also had a hand in the Wannamaker building and numerous commercial, public, municipal buildings and firehouses across Philadelphia. || This is a large building with a 31.5'x74.6' 'as-built' footprint standing 40' tall as a three-story 6,885 SF 'as-built' unfinished brick shell with a modest backyard. The overall 'as-built' lot size is 31.5'x81.8' or 2,577 SF. The south side of the structure features a central light well on the upper two levels to illuminate the core of the interior space. An existing curb cut facilitates parking for 4+ vehicles on the first level. The enclosed horse access on the front left can be reopened and utilized as the main entrance to receive visitors and guests. The property is zoned residential RM1 'multifamily' which is suitable for six residential units by code - based on 'as-built' measures -- and is being offered for sale, 'AS IS, WHERE IS'. || Building Height (Approx): Front 40'; Peak 47'. Ceiling Height: Basement 104" Clearance, First-floor 14.5'; Second-floor 12.5'; Third-floor front 10' Clearance soaring to 16' at the peak and sloping to 7' in the back. The full-depth unfinished basement is 1,754 SF featuring a handsome central arched masonry support spine sporting a double 8' barrel-vaulted ceiling. || This robust structure remains an improved shell that renders itself to numerous uses. Recent improvements include new historically approved windows on the facade, a new historically approved cornice, installed basic electric service, installed basic water service, a new main roof, and initiated preliminary carpentry on the upper level. The historic designation principally addresses the facade, not the interior spaces. Notwithstanding these strategic improvements to conserve the structure, this remarkable property essentially stands in shell condition and undoubtedly remains eligible for a Property Tax Abatement. || Furthermore, this development opportunity is located within a Qualified Opportunity Zone and is eligible to roll capital gain investments into real estate within the QOZ guidelines in exchange for favorable capital gains tax benefits for qualified buyers. This property, moreover, is located in the West Philadelphia Empowerment Zone, and finally, it sits in a zone designated for New Market Tax Credits. || Solid traffic counts. Good public transportation. Easy Access to Univ City, Parkside Belmont Plateau, Mainline, and I-76. This amazing Historic Firehouse property offers a compelling canvas to render your custom residential or business interests. Make it yours! Act promptly, this opportunity will likely move rapidly. Qualified Buyers. Serious Interests Only.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
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1026-28 Belmont Avenue PHILADELPHIA, PA 19104

  • Price: $598,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 125 min ago
  • ID#: PAPH2149006
0
Beds
0
Baths
0
½ Baths
0.06
Acres
6,885
SQFT
$87
$/SQFT
1895
Built
Neighborhood:
Belmont
County:
Philadelphia
Area:
19104 (19104)
School District:
The School District Of Philadelphia
Property Description
Rare QOZ Development Opportunity: West Philadelphia Historic Firehouse, Circa 1895. Convert and polish this extraordinary historic architectural gem into a stunning Custom Residential or Multifamily Structure, a Custom Artisan-Professional Facility, an Atelier, Fine Art Studio, Sound Studio, Boutique Hotel, a Non-Profit, Learning Center, Community or Organizational Facility. ||The 'Parkside Firehouse', as it is affectionally referred to, with its Beau Arts Italianate Renaissance Revival facade was designed by architect John Torrey Windrim, who apparently also had a hand in the Wannamaker building and numerous commercial, public, municipal buildings and firehouses across Philadelphia. || This is a large building with a 31.5'x74.6' 'as-built' footprint standing 40' tall as a three-story 6,885 SF 'as-built' unfinished brick shell with a modest backyard. The overall 'as-built' lot size is 31.5'x81.8' or 2,577 SF. The south side of the structure features a central light well on the upper two levels to illuminate the core of the interior space. An existing curb cut facilitates parking for 4+ vehicles on the first level. The enclosed horse access on the front left can be reopened and utilized as the main entrance to receive visitors and guests. The property is zoned residential RM1 'multifamily' which is suitable for six residential units by code - based on 'as-built' measures -- and is being offered for sale, 'AS IS, WHERE IS'. || Building Height (Approx): Front 40'; Peak 47'. Ceiling Height: Basement 104" Clearance, First-floor 14.5'; Second-floor 12.5'; Third-floor front 10' Clearance soaring to 16' at the peak and sloping to 7' in the back. The full-depth unfinished basement is 1,754 SF featuring a handsome central arched masonry support spine sporting a double 8' barrel-vaulted ceiling. || This robust structure remains an improved shell that renders itself to numerous uses. Recent improvements include new historically approved windows on the facade, a new historically approved cornice, installed basic electric service, installed basic water service, a new main roof, and initiated preliminary carpentry on the upper level. The historic designation principally addresses the facade, not the interior spaces. Notwithstanding these strategic improvements to conserve the structure, this remarkable property essentially stands in shell condition and undoubtedly remains eligible for a Property Tax Abatement. || Furthermore, this development opportunity is located within a Qualified Opportunity Zone and is eligible to roll capital gain investments into real estate within the QOZ guidelines in exchange for favorable capital gains tax benefits for qualified buyers. This property, moreover, is located in the West Philadelphia Empowerment Zone, and finally, it sits in a zone designated for New Market Tax Credits. || Solid traffic counts. Good public transportation. Easy Access to Univ City, Parkside Belmont Plateau, Mainline, and I-76. This amazing Historic Firehouse property offers a compelling canvas to render your custom residential or business interests. Make it yours! Act promptly, this opportunity will likely move rapidly. Qualified Buyers. Serious Interests Only.
Exterior Features

Architectural Style Other Construction Materials Masonry Direction Faces East Garage Spaces 4.00 Garage Type Built InGarage - Front Entry Garage YN Yes Lot Features Rear Yard Other Structures Above GradeBelow Grade Parking Types Attached Garage Pool No Pool Property Condition Major Rehab Needed Riparian Rights YN No Roof FlatPitched Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 6885 Basement FullUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 1754 Cooling None Fireplace YN No Fireplaces Total 0 Heating None Levels 3 Main Level Bedrooms 0 Room List Primary Bedroom

Property Features

Acceptable Financing CashSeller FinancingNegotiableConventional Accessibility Features None Assessment Year 2022 Association YN No Builder Model Parside Firehouse Central Air YN No Condo YN No Cooling Fuel None Cross Street Girard Electric 200+ Amp Service Foundation Details Stone Heating Fuel None Hot Water Instant Hot Water Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 801804889862 Ownership Interest Fee Simple Possession Immediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2309.00 Tax Assessment Amount 165000.00 Tax Lot 27 Utilities Water AvailableSewer AvailableNatural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning Rm1 Zoning Description Multifamily Residential

Listing courtesy of Keller Williams Philadelphia: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Delaware. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
 
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