2046 E Lehigh Avenue, Philadelphia, Pennsylvania 19125


Listing IDPAPH2152948
Price$7,000,000
StatusACTIVE
Acres 0.110
CountyPhiladelphia
Year Built2022
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
On behalf of Ownership, the McCann team is pleased to present the amazing opportunity to acquire 2046 E. Lehigh Avenue, home of The Penn Reading. Currently under construction, this gorgeous new development features 21 luxury residential units consisting of 1 and 2-bedroom apartments, as well as a 965-square-foot expansive street-level commercial space. The building features a striking curved facade and a beautiful green rooftop offering panoramic views of the Philadelphia skyline. The Penn Reading is located on the corner of Lehigh Ave & Frankford Ave in East Kensington just a few blocks from the heart of Fishtown. Situated near an abundance of public transportation with various bus routes, trolley lines, and the Market-Frankford line within walking distance. The project boasts top-of-the-line finishes and is uniquely positioned in the path of growth and poised to see significant rent increases in the proceeding years. The Penn Reading provides investors a rare opportunity to purchase a new construction development that offers significant rental upside with no capital improvements required. This is an exceptional opportunity for investors seeking QOZ benefits pre-CO. Taxes and square footage is the responsibility of the buyer to have verified.
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Contact - Listing ID PAPH2152948

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Brett Furman

528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060

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