555-57 N 5th St, Philadelphia, PA, 19123

555-57 N 5th St, Philadelphia, PA, 19123 < >
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for sale
$1,499,000
Square Feet:5130
Lot Size:0.08 Acres
Year Built:1920
Status:Active
MLS #:PAPH933268
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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Go See This Property
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.
Interior Details
Building Total SQFT: 5130.00Flooring Type: Hardwood

Exterior Details
Lot Size Acres: 0.08Lot Size Dimensions: 36.00 x 84.33
Lot SQFT: 3300.00

Community Information
County: PHILADELPHIASubdivision Name: NORTHERN LIBERTIES
Zoning: RSA5

Property Information From MLS Data
Accessibility Features: NoneBusiness Type: Other
DOM: 1MLS Area: 19123 (19123)
New Construction YN: NProperty Sub Type: Other
Building Level Count: 4Year Built: 1920

Utilities
Cooling Type: Window Unit(s)Heating Type: Hot Water
Sewer Septic: Public SewerWater Source: Public

Listing Information Courtesy of:
List Agent Full Name: Michael Garden
List Office Name: Space & Company

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Monthly Payment for 555-57 N 5th St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,499,000
Down Payment:
Loan Amount:$1,199,200
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Michael Garden, Space & Company

Information obtained from Bright MLS is current as of 9/26/2020 3:44 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is 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.
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