2600 E Somerset St

Port Richmond is a neighborhood located in the lower Northeast section of Philadelphia. This peaceful, blue-collar, family-friendly enclave is primarily a residential neighborhood situated along narrow, tree-lined streets. Locally owned corner stores that sell food and other essentials can be found on every block. Continuous construction on Aramingo Avenue has increased accessibility to numerous stores, banks, restaurants, and gas stations. The neighborhood is near Columbus Boulevard, which features large chains like Target and Home Depot as well as many quaint mom-and-pop shops and restaurants. Sale and rent prices remain low, and Port Richmond is growing popular as Center City and surrounding neighborhood prices climb, and the area offers a safe and quaint option for young couples, families, and young professionals who are ready to settle. The lower prices are also good news for artists, who are not only discovering the neighborhood’s affordability, but also drawing on its industrial heritage – it was once home to shipyards and textile mills – as a source of inspiration. It is very easy to get around the neighborhood on foot or by bicycle. The major streets in the area are Allegheny Avenue, Aramingo Avenue, and Richmond Street. I-95 runs parallel to Allegheny Avenue, making it easy to get into the city by car. But as parking in Port Richmond isn’t ideal due to the narrow streets, many residents don’t own a car, and instead opt to use SEPTA, which offers service throughout the neighborhood via bus, train, and trolley; all of which reach other sections of the city.MPN Realty, Inc. is pleased to present the sale of 2600 E Somerset St., a corner mixed-use property in the heart of Port Richmond. The site consists of (1) commercial space that is currently leased to an ice cream shop and (4) apartments. The property was renovated in 2020 featuring new systems, kitchens, bathrooms, and flooring. All residential units have a private entrance off of Almond S t., entering directly into the unit. This is a fantastic investment opportunity in a rapidly growing neighborhood. Port Richmond is a stable Philadelphia neighborhood. Historically home to many blue-collar families, and a bustling commercial corridor along Aramingo Ave., which is home to many national retail tenants. Located right off of I-95, the site is conveniently located with easy access to Center City.