$910,000
$979,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
1527-31 N BAILEY ST Philadelphia, PA 19121
10,044 SqFt
Key Details
Sold Price $910,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,044 sqft
Price per Sqft $90
Subdivision Brewerytown
MLS Listing ID PAPH881178
Sold Date 06/30/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $5,377
Tax Year 2020
Lot Size 4,925 Sqft
Acres 0.11
Lot Dimensions 54.00 x 97.50
Property Description
Over 10,000 sq/ft warehouse conversion brimming with possibilities in the rapidly developing Brewerytown neighborhood. Current owner built it out as the ultimate live/work warehouse conversion. New white rubber roof with 8 inches of polyiso exterior insulation shows off the original rafters and roof decking. All plumbing, electrical, and HVAC systems are entirely new. Many beautiful and unique recycled architectural touches including antique oak & glass schoolhouse doors, original & reclaimed flooring, and a kitchen made from laboratory cabinets. Lots of exposed brickwork, this property has been lovingly renovated to be functionally modern while leaving bare the materials and pragmatic architecture from early 19th century Philadelphia. Currently set up as three large units, the space could be further divided or occupied by one entity needing separate shops, offices and/or living quarters. There are two large electric roll up doors on the garages, and one garage has a rolling overhead gantry crane. Favorable and desirable IRMX zoning expands the possibilities for adding additional units on top of current structure up to 60 ft. IRMX also is one of the most versatile classifications in Philly, providing opportunity for a number of different light industrial, retail, residential, office, and service based configurations. Bring your ideas, this should be seen to be appreciated. This is a one of a kind opportunity for the right business or artist. It would also be a perfect investment for a developer. It can currently produce income with the option to add additional units in the future. Easy access to I-76, Kelly Drive, I-676, and I-95. Conveniently located near the Art Museum, head over to the Barnes Foundation and then to Center City's finest shops and restaurants. With all of this what's not to love?
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning IRMX
Interior
Hot Water Natural Gas
Heating Wood Burn Stove
Cooling Ductless/Mini-Split
Flooring Hardwood
Heat Source Wood, Electric
Exterior
Garage Spaces 11.0
Water Access N
Accessibility >84\" Garage Door
Total Parking Spaces 11
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 884345990
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Warren R Miller • Compass RE
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