$1,499,000 555 N 5th Street Northern Liberties

MLS: PAPH933268   Type: Commercial   County: Philadelphia   City: Philadelphia   Area: 19123   Neighborhood: Northern Liberties   Zip: 19123     Taxes: $3,515

Mortgage $7,038 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

0

0

0

5,130

3,485

1920

For visionaries, investors, and developers only, this is a truly unique property with a variety of development opportunities. There is much potential here, including renovation into a luxurious single-family home; a fabulous multi-family condo; an income-producing multi-family; an extraordinary boutique hotel; or home to a creative start-up business. The main structure was originally built as a magnificent single-family home in the 1870s including a garden where the small structure stands. In the first half of the 20th Century, the property was converted to a speakeasy last known as the Comet, which included a bar, rooms for gambling, and a bowling alley. The current owner purchased the property in 1984 and has since worked diligently to preserve its architectural beauty. At the time of the purchase in 1984, the property was zoned commercial. The property was rezoned to residential by the current owner in 2011 in order to obtain a residential mortgage. There is potential to rezone the property back to commercial use, as well as obtain a variance for a driveway cutout to convert the smaller building into a garage. Opportunity abounds. The photos speak for themselves.

Elementary School

Middle School

High School

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Price History

9/9/2020 Listed $1,499,000

Acceptable Financing Cash, Conventional
Accessibility None
Business Type Other
Construction Materials Masonry
Cool Fuel Electric
Cooling Window Unit(s)
County PHILADELPHIA
Exclusions all artwork, bar in the dining room, metal bookshelves in owner's bedroom on 4th floor
Flooring Hardwood
Heating Hot Water
MLS Area 19123 (19123)
New Construction N
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 292.2
Property SubType Other
Property Type Commercial Sale
Real Estate Owned Y/N N
Sewer Public Sewer
Subdivision Name NORTHERN LIBERTIES
Tax Year 2020
Total Units 2
Vacation Rental Y/N N
Water Access Y/N N
Zoning RSA5

Interior Features

Central Air Y/N N
Heating Fuel Natural Gas
Heating Y/N Y
Hot Water Natural Gas

Exterior Features

Building Area Total 5130.00
Inclusions refrigerator, washer, dryer
Lot Dimensions 36.00 x 84.33
Lot Size Acres 0.08
Lot Size Source Assessor
Lot Size Square Feet 3300.00
Navigable Water Y/N N
Total Parking Spaces 0
Type of Parking None
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools



Direct Link:

https://michael.searchphillylistings.com/property/382-PAPH933268-555-N-5th-Street-Philadelphia-PA-19123

Gallery (59 photos)

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Property vs Zip Code Avg (19123)

Price 1.49M Avg 459K

Sqr Feet 5,130 Avg 4,027

Cost / Sqr Ft $292 Avg $114

Taxes $3,515 Avg $5,639

Acres 0.08 Avg 0.02

Visits 7 Avg 34

Days on Site 12 Avg 141

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Listing Provided Courtesy Of: Space & Company




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Location & Address

Michael Garden
2200 Walnut Street
Philadelphia, PA
215-500-2981
215-625-4721