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    555-57 N 5TH Street

    PHILADELPHIA, PA 19123
    • $1,499,000
    • STATUS: Active
    • ON SITE: 40 days
    • ID#: PAPH933094
    $1,499,000
    • 5
      BEDS
    • 0.08
      ACRES
    • 2
      BATHS
    • 1
      1/2 BATHS
    • 5,130
      SQFT
    • $292
      $/SQFT
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1920
    County:

    School Ratings & Info

    Description

    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.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-19T23:51:29.483.
    www.saillakerealty.com/homes/109829221
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    555-57 N 5TH Street PHILADELPHIA, PA 19123

    • Price: $1,499,000
    • Status: Active
    • ID#: PAPH933094
    5
    Beds
    2
    Baths
    1
    ½ Baths
    0.08
    Acres
    5,130
    SQFT
    $292
    $/SQFT
    1920
    Built
    Neighborhood:
    Northern Liberties
    County:
    Philadelphia
    Area:
    19123 (19123)
    School District:
    The School District Of Philadelphia
    Property Description
    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.
    Exterior Features

    Architectural Style Traditional Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types None Patio And Porch Features Patio(S)Deck(S) Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 5130 Appliances DishwasherDryerWasherOven/Range - Gas Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Exclusions All ArtworkBar in Dining RoomMetal Bookshelves in 4th Floor Owner's Bedroom Fireplace YN Yes Fireplaces Total 5 Heating Hot Water Heating YN Yes Inclusions RefrigeratorWasherDryer Interior Features Crown MoldingsWood Floors Levels 4 Main Level Bedrooms 1 Upper Level1 Bedrooms 2

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Condo YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Original MLSNumber 304286602154 Ownership Interest Fee Simple Possession Immediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type End Of Row/Townhouse Tax Annual Amount 3515.00 Tax Assessment Amount 251100.00 Tax Lot 119 Vacation Rental YN No Water Source Public Zoning Rsa5

    Listing courtesy of Space & Company.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Sail Lake Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-10-19T23:51:29.483.
     
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