1212 N Delaware Avenue

1212-16 N Delaware Avenue & 950-56 Marlborough Street, Philadelphia, PA 19125

On behalf of ownership, GREA extends to qualified investors the opportunity to acquire the fee simple interest in the fully approved mixed-use development opportunity at 1212 North Delaware Avenue situated in the rapidly gentrifying Fishtown neighborhood of Philadelphia. The 25,037 square foot parcel is zoned CMX-3 and is approved for approximately 35,058± total square feet of construction, 48 residential units, 2,468 square feet of commercial space, and 12 parking spots. This offering includes a garage at 950-56 Marlborough Street, where the off-site parking will be located.

The project qualifies for the full Philadelphia 10-year tax abatement allowing a developer to defer taxes on all newly-constructed improvements for a period of 10 years. In 2022, Philadelphia City Council changed the abatement to its current form with a step-up model, making the full abatement significantly more attractive. Furthermore, the site lies within a Qualified Opportunity Zone allowing investors to delay and reduce Federal Capital Gains Taxes on investment gains from a wide range of sources.

The site is located in Fishtown, one of the most gentrified neighborhoods in the Philadelphia MSA. Over the last 15 years, Fishtown has become a major focus of developers adding thousands of high-end luxury apartments. Once a working-class neighborhood has become the premier choice for young professionals. The City of Philadelphia has put a major focus on improving the Delaware River Waterfront which will house thousands of luxury apartments, grocery stores, and retail. The site at 1212 North Delaware will benefit from this increased residential and commercial density.

The site boasts direct access to major roadways including Delaware, Frankford, and Girard Avenues as well as Interstates 95, 76, and 476. Proximity to public transit is an added amenity. The site is less than a 15-minute walk to the Girard Station for the Market/Frankford Train Line and bus routes at Frankford and Columbia Avenues provide residents with a multitude of transportation options to access employment centers throughout the Philadelphia MSA.

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Highlights

  • Fully Approved Project: Includes Zoning and Building Permits
  • Desirable Riverfront Location: Waterfront Views Adjacent to Penn Treaty Park; Access to Newly-Constructed Trails
  • Abundant Neighborhood Amenities: Walk to Fishtown's Popular Cafes, Restaurants, Bars, Shops and Entertainment Venues
  • Fully 10-Year Tax Abatement: Pay No Taxes on the Newly-Constructed Improvements for 10 Years
  • Qualified Opportunity Zone Investment: Reduce and Delay Federal Capital Gains from Variety of Investments
  • Transit-Oriented Development Site: Proximity to Multiple Bus Routes and Girard Station (Market-Frankford Line)

Contacts

broker

Ken Wellar

GREA

(215) 454-2879

broker

Corey Lonberger

GREA

(215) 454-2878

broker

Alan Krawitz

GREA

(267) 323-4083

Location

Getting Around

  • Walk Score ®

    95/100 Walker's Paradise

  • Transit Score ®

    89/100 Excellent Transit

  • Bike Score ®

    91/100 Biker's Paradise
Powered by Walk Score ®
  • City Philadelphia, PA
  • Neighborhood Old City
  • Zip Code 19125
  • Market Philadelphia

Points of Interest

  • Spring Garden

    0.22 miles

  • Chinatown

    0.54 miles

  • Frankford Avenue & Delaware Avenue

    0.64 miles

  • 2nd Street

    0.68 miles

  • Frankford Avenue & Richmond Street

    0.68 miles

  • 5th Street

    0.68 miles

  • Girard Avenue & 3rd Street

    0.70 miles

  • Girard Avenue & 4th Street

    0.71 miles

  • Girard Avenue & 2nd Street

    0.72 miles

  • Girard Avenue & 5th Street

    0.72 miles

  • Gulf

    0.32 miles

  • Liberty

    0.77 miles

  • BP gas

    1.13 miles

  • Sunnoco

    1.24 miles

  • BP

    1.50 miles

  • Sunoco

    1.74 miles

  • Sunoco

    1.75 miles

  • J&H Car Charging Station

    1.80 miles

  • Wawa

    1.82 miles

  • Sunoco

    1.82 miles

  • Target Parking Lot

    0.19 miles

  • Callowhill Center

    0.28 miles

  • Autopark at Benjamin Franklin Bridge

    0.35 miles

  • Old City Parkominium

    0.37 miles

  • Patriot Parking Bridge Lot

    0.41 miles

  • Safe Parc

    0.43 miles

  • Pier 24 Parking Lot

    0.44 miles

  • Central Parking System - Constitution Center Parking

    0.50 miles

  • Standard Parking Comfort Inn Parking Lot

    0.55 miles

  • Rivers Casino Philadelphia Parking Lot

    0.59 miles

  • Holiday Inn Express Philadelphia E - Penns Landing

    0.54 miles

  • Henry

    0.56 miles

  • Wyndham Philadelphia Historic District

    0.57 miles

  • The Philadelphia House

    0.64 miles

  • Penn's View Hotel

    0.67 miles

  • Clarion Suites Philadelphia

    0.72 miles

  • Best Western Plus Independence Park Hotel

    0.76 miles

  • Apple Hostels Philadelphia

    0.76 miles

  • Hotel Monaco Philadelphia, a Kimpton Hotel

    0.76 miles

  • The Franklin Hotel at Independence Park

    0.77 miles

  • Spring Garden Restaurant

    0.08 miles

  • KenShin Asian Diner

    0.10 miles

  • Dunkin' Donuts

    0.11 miles

  • Plaza Pizza

    0.11 miles

  • Silk City

    0.14 miles

  • Koi

    0.18 miles

  • The Abbaye

    0.18 miles

  • Blackbird Pizzeria

    0.19 miles

  • Spuntino Wood Fired Pizzeria

    0.24 miles

  • Hello Vietnam

    0.26 miles

  • Laboratory Charter School

    0.29 miles

  • General Philip Kearny Elementary School

    0.36 miles

  • Holy Redeemer School

    0.56 miles

  • Young Scholars Charter School

    0.59 miles

  • Temple University School of Podiatric Medicine

    0.59 miles

  • The City School: Poplar Campus

    0.59 miles

  • William W. Bodine High School

    0.60 miles

  • Folk Arts-Cultural Treasures Charter School

    0.62 miles

  • Saint Peter the Apostle School

    0.67 miles

  • Spring Garden School

    0.73 miles

  • The Joshua Tree Early Learning Center

    0.58 miles

  • Acelero Learning

    0.65 miles

  • Chinatown Learning Center

    0.71 miles

  • Little Scholars Academy

    0.89 miles

  • Acelero Learning

    1.05 miles

  • Shake Rattle Roll Inc

    1.17 miles

  • Saint Laurentius Preschool

    1.40 miles

  • Right Steps

    1.45 miles

  • Norris Square Children's Center

    1.54 miles

  • Norris Square Community Alliance Head Start Center

    1.56 miles

Frequently Asked Questions

What is the lease rate for 1212 N Delaware Avenue?

Rental asking rate at 1212 N Delaware Avenue is $1,750,000.00/YR.

What is the total square footage of 1212 N Delaware Avenue?

1212 N Delaware Avenue totals 35,058 square feet.

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