2314-16 E Susquehanna Avenue

Description

Investment Opportunity in Fishtown! **Prime Residentially Zoned Property with Significant Potential**This residentially zoned property, situated in vibrant Fishtown, offers a compelling investment opportunity. The area is renowned for its dynamic growth, making it an attractive option for investors seeking urban properties with strong development potential.**High Demand and Desirable Location**Fishtown continues to experience demand for large, well designed residential spaces. This demand is fueled by the neighborhood's appealing lifestyle offerings, which include a diverse array of dining options, entertainment venues, and artistic attractions. These amenities contribute to the area's popularity, positioning this spacious, street-to-street property as an excellent candidate for capital investment.**Unique Features and Opportunities**This property stands out due to the substantial amount of land and square footage available on a single deed. With street frontage on both Norris and Susquehanna, it presents a unique opportunity for investors. The layout makes it ideal for either renovation or redevelopment projects, allowing for flexible approaches to maximize value.** Key Details**This property encompasses approximately 6,775 square feet of land, and 8,122 raw square feet of garage-type space all held under a single deed. The lot is believed to have once consisted of two separate parcels. Currently, there are at least two known surface drains on the property, which are assumed to be connected to a sewer line; however, explicit documentation confirming this connection is not available.The site features one main structure, which is configured as two adjoining storage-type buildings. The entrance to one of these buildings faces Norris Street. The other structure, oriented toward Susquehanna Avenue, has been utilized as a garage and includes a roll-down door. This portion of the property is storied to have previously operated as an auto shop, a use reflected in its design, including a ramp that once allowed vehicles to access the second floor. Over time, the roof has partially collapsed and the status of the ramp cannot be confirmed.No representations have been made regarding the legal use or status of the garage. Prospective buyers are responsible for conducting their own due diligence to verify all aspects of the property. There is a toilet present within the structure, but the condition and functionality of the plumbing are undetermined.Offers contingent upon an interior tour of the property will be considered. Only exterior viewing is permitted; no interior showings are allowed without a signed letter of intent and proof of funds. Please note that there are no written property disclosures available.