113
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Listed by Ana Krauthamer • KW Greater West Chester
$2,950,000
Est. payment /mo
1.74 Acres Lot
New
2100-20 W ALLEGHENY AVE Philadelphia, PA 19132
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Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2649964
Year Built 1900
Annual Tax Amount $52,397
Tax Year 2026
Lot Size 1.736 Acres
Acres 1.74
Lot Dimensions 336.00 x 225.00
Property Sub-Type Industrial
Source BRIGHT
Property Description
The Steel Heddle Building, (the “Site” and the “Property”) is an exceptional redevelopment opportunity located at 2100 W Allegheny Ave in Philadelphia, PA. The offering presents investors with the opportunity to not only reimagine an industrial building with roots dating back to 1919, but also continue the transformation of the Nicetown-Allegheny neighborhood.
The property benefits from direct access to regional/local rail lines that lend easy access to the region's employment hubs of Center City, Conshohocken and the Main Line. The proximity to the region's thoroughfares has sparked a wave of recent investment in the submarket that puts the Steel Heddle in the path of immediate growth. Additionally, the Property is located in a Qualified Opportunity Zone and benefits from the full 10-year tax abatement, offering a rare tax advantaged opportunity for developers and investors. Currently zoned for up to 260 residential units, the Steel Heddle presents an exciting and transformational adaptive reuse project in one of the most strategically located sites in the burgeoning North Philadelphia submarket of Nicetown/Allegheny.
SITE DETAIL
The building is designated as a historic property and may qualify for substantial historic rehabilitation tax credits
Address 2100 W Allegheny Avenue Philadelphia, PA 19132
Site Size (SF) 1.75 Acres | 75,600 SF
Existing Improvement (SF) 257,000 SF
Zoning I-1
Tax Parcel # 884557110
HIGHLIGHTS
PREMIER INFILL ADAPTIVE REUSE OPPORTUNITY conveniently located only minutes away from East Falls, Fairmount Park, Center City and the Main Line.
MAJOR EMPLOYMENT DRIVERS located within minutes of the Property.
Situated in a QUALIFIED FEDERAL OPPORTUNITY ZONE and benefitting from the 10-YEAR TAX ABATEMENT, affording a new owner eligibility for the benefits and tax incentives that a QOZ provides.
Robust fundamentals and market resiliency fuel LONG TERM GROWTH, as the City of Philadelphia has fared better than most major metros after an economic downturn.
UNMATCHED ACCESSIBILITY to public transit (Allegheny station directly across the street) and major roadways including I-76, Route 1 and I-676 via Broad Street (Route 611).
The property benefits from direct access to regional/local rail lines that lend easy access to the region's employment hubs of Center City, Conshohocken and the Main Line. The proximity to the region's thoroughfares has sparked a wave of recent investment in the submarket that puts the Steel Heddle in the path of immediate growth. Additionally, the Property is located in a Qualified Opportunity Zone and benefits from the full 10-year tax abatement, offering a rare tax advantaged opportunity for developers and investors. Currently zoned for up to 260 residential units, the Steel Heddle presents an exciting and transformational adaptive reuse project in one of the most strategically located sites in the burgeoning North Philadelphia submarket of Nicetown/Allegheny.
SITE DETAIL
The building is designated as a historic property and may qualify for substantial historic rehabilitation tax credits
Address 2100 W Allegheny Avenue Philadelphia, PA 19132
Site Size (SF) 1.75 Acres | 75,600 SF
Existing Improvement (SF) 257,000 SF
Zoning I-1
Tax Parcel # 884557110
HIGHLIGHTS
PREMIER INFILL ADAPTIVE REUSE OPPORTUNITY conveniently located only minutes away from East Falls, Fairmount Park, Center City and the Main Line.
MAJOR EMPLOYMENT DRIVERS located within minutes of the Property.
Situated in a QUALIFIED FEDERAL OPPORTUNITY ZONE and benefitting from the 10-YEAR TAX ABATEMENT, affording a new owner eligibility for the benefits and tax incentives that a QOZ provides.
Robust fundamentals and market resiliency fuel LONG TERM GROWTH, as the City of Philadelphia has fared better than most major metros after an economic downturn.
UNMATCHED ACCESSIBILITY to public transit (Allegheny station directly across the street) and major roadways including I-76, Route 1 and I-676 via Broad Street (Route 611).
Location
State PA
County Philadelphia
Area 19132 (19132)
Zoning I1
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Natural Gas
Exterior
Garage Spaces 60.0
Water Access N
Accessibility None
Total Parking Spaces 60
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 884557110
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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