2557 Amber Street

Description

With over 25 feet of frontage along Frankford Avenues bustling Business Corridor, 2557 Amber Street offers an amazing opportunity to own an income-producing asset in Fishtown / East Kensington. Surrounded by new construction, new businesses, and even more on the horizon, this property stands out due to its LARGE 28 x 75 footprint, mixed-use CMX2 zoning, and classic Philly character.The first floor commercial space and facade were fully renovated in 2019 with many significant improvements, including commercial windows and doors, new water and electrical service, ADA-compliant entrance ramp and customer bathroom, new HVAC, kitchen, and retail area with modern finishes. The space is currently occupied by Hello Donuts on a NNN lease, with the potential for an investor or owner-operator to launch a new venture in the future.Two full-floor loft-style apartments occupy the 2nd and 3rd levels of the building, featuring hardwood floors, in-unit laundry, central air, modern kitchens and baths, and large windows that give each unit tons of natural light. Both units have a strong rental history and are leased through August 2025. As an added bonus, the property was recently reassessed and the taxes for 2025 will be DECREASED by $2000. Buyer and buyer's agent to verify 2024/2025 taxes and square footage.