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$1,999,900

Beds
1
Baths
5.0
sq ft
10,195

2309 Wallace St, Philadelphia, PA 19130

2309 Wallace St

PHILADELPHIA, PA 19130

  • 239 days on market
    • Price drop $300,100↓
Grand Live Work Space? Amazing Family Compound? Multi Unit Redevelopment? Realize your vision with this amazing space that has been restored with three floors of spacious office space with original wood floors, exposed brick walls throughout, steel and wood beams, barn doors, high ceilings and an abundance of architectural detail. Vintage 19th century buildings in this condition are so rare in the highly sought out Fairmount neighborhood near the Philadelphia Museum of Art. Originally a brewery founded by Philip Klein, Sr. in 1863, later Fairmount Avenue Brewery in 1888 until 1916, Located on a quiet block, the buildings sits along bus route on 23rd Street with a paying parking lot one block away on Fairmount Avenue. There is easy access and walkability to Center City. There are two entrances (front of building and along a corridor on the right side of the building) as well as two garages. One garage fits one car and a larger garage accommodates at least three cars. The CMX-2 zoning represents an unbelievable opportunity to be creative and accommodate just about any vision you have in mind - from pure commercial to single family or multifamily. It is currently a three story office building with unbelievable opportunity to be creative with the space. The 1st Floor with open entrance way features private office, conference room, renovated kitchen, lounge area, expansive production space with cyclorama (with room to expand into current storage space, 3 bathrooms (2 powder room, 1 full), washer/dryer, rear yard and small basement. The 2nd Floor features a large lobby/common space with high ceilings, lots of light as well as 4 private offices that could be combined or used as currently configured (for podcast, video production, personal care, professional services), kitchen/conference room/lounge area, and 2 bathrooms (1 powder room and one full). The 3rd Floor could be single use or as set up now with large co-working space upfront, smaller front and rear offices and luxurious full bathroom. 2nd and 3rd Floors could be split and create bi-level office (s) and shared conference/kitchen. Split heating and air conditioning systems allow for total control. The entire building is open, airy and sun filled with natural light. Split heating and air conditioning systems allow for total control. The building is available for SALE or LEASE. Make your appointment today. You will not be disappointed.

Details

Property type

Duplex

Lot size

4,700 sq ft

Price per sq ft

$197

Year built

1925

Annual property taxes

$19,990

HOA

No

Price History

07/08/2024
Bright

Bright #PAPH2336710

Price change
$1,999,900
-13.05%
03/28/2024
Bright

Bright #PAPH2336710

Listed
$2,300,000

Schools & Community

Neighborhood: 

Spring Garden

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

THE SCHOOL DISTRICT OF PHILADELPHIA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Univest Bank & Trust Co

Loan start date

August 2020

Original loan amount

$1,081,160

Est. remaining balance

Not provided

Interest rate

3.13%

Loan type

Future Advance Clause / Open End Mortgage, 5 year

Seller

Krowbar Limited Liability Company

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 10:30 AM

Listing updated: 08/25/2024 at 10:13 AM

Listed by: Larry R Levin, Realty Mark Associates-CC Phone #: (215) 376-4444

MLS: Bright #PAPH2336710

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