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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. ||nnThe ‘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.

Features
: Flat, Pitched
N
: Full, Unfinished
0
: Masonry
: Stone
4
N
: Other
: Instant Hot Water
: Main
0
: Rear Yard
N
N
N
: Electric Available, Natural Gas Available, Sewer Available, Water Available
MLS Addon
Keller Williams Philadelphia
Charles Balducci
Annually
Annually
121134681525
THE SCHOOL DISTRICT OF PHILADELPHIA
6,885 Acre
0 Acre
3
: Major Rehab Needed
: Detached
8,639 Acre
No
: Standard
$2,309
2022
RM1
: Public Sewer
: Public
Commercial Features
0 Acre

Residential Sale

1026-28 BELMONT AVENUE, PHILADELPHIA, Pennsylvania 19104

6,885 Acre
$598,000
Listing ID #PAPH2149006
Basic Details
Property Type : Residential Sale
Listing Type : Residential Sale
Listing ID : PAPH2149006
Price : $598,000
Building Size (Sq. Ft.) : 6,885 Acre
Year Built : 1895
Lot Size : 0.06 Acre
State : PA
County : PHILADELPHIA
City : PHILADELPHIA
Zipcode : 19104
Status : ACTIVE
Subdivision Name : BELMONT
Property Sub Type : Other
Price Per SQFT : $87
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