3037-43 Richmond St, PHILADELPHIA

$850,000

0 Beds
0 Baths
15,424 Sqft
¼ Acres
0 Garages

Will not last long. Rare investment opportunity ready for historic building reimagining or new residential redevelopment. Built by architect E. Wilson Allen in 1913, this historic silent theatre structure now houses Port Richmond Books, a retail / warehouse book business. The structure has numerous mixed use, residential and commercial redevelopment options. The 10,000+ SF clear span structure with a vaulted ceiling is ready to be refreshed as a new retail, food or entertainment venue. The location will soon benefit from the 18 month long PennDOT $32M Richmond Street Reconstruction and Improvement Project. The soon-to-be completed improvements include street widening, improving the stormwater, installing new SEPTA 15 trolley tracks, and the reconstruction of the SEPTA Westmoreland Loop trolley/bus station. PennDOT~s new multi-modal approach to this project also is reflected in improvements in the new curbs, sidewalks, ADA curb ramps, new traffic signals and bump out extensions for the SEPTA trolley stop at Clearfield Street. This neighborhood street will be fully renewed and upgraded when the new ornamental, pedestrian-scale street lights, and 60 plus trees street trees are installed by late 2019.The sale includes three additional properties, 3032R-34R & 36R Melvale St. providing access to the rear of the property and off street parking accessible from E. Elkhart St.

Essential Information
MLS® #PAPH795650
Price$850,000
Bathrooms0.00
Square Footage15,424
Acres0.25
Year Built1913
TypeCommercial Sale
Sub-TypeOther
StatusPending
Community Information
Address3037-43 Richmond St
Area19134
CityPHILADELPHIA
CountyPHILADELPHIA-PA
StatePA
Zip Code19134
Interior
CoolingNone
Heating

Baseboard - Hot Water, Forced Air, Other

Exterior
RoofBuilt-Up
District

THE SCHOOL DISTRICT OF PHILADELPHIA

Additional Information
ZoningRM1
Listing Details
OfficeKenneth Carroll Real Estate
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Listing information last updated on September 22nd, 2019 at 12:15am EDT.