Philadelphia Homes for Sale, Frankford Real Estate Listings, 4520-40 Worth Street, MLS #6866084 Luxury Homes, Condos, Estates for Sale

4520-40 Worth Street

Philadelphia, PA 19124

Where Art Meets Industry! Welcome to Globe Dye: a collection of 10 buildings stretching from Torresdale to Worth along Kinsey Street, comprising approximately 150,000 square feet of which 68,000 is currently occupied. The current ownership group has undertaken a painstaking and architecturally accurate renovation that has brought this once broken factory, constructed in stages from 1867-1895, back to life. Its current tenant roster boasts manufactures of many stripes: coffee roaster, ice cream company, caterers, a boat building school, a luxury car dealer, woodworkers, photographers, designers and non-profits. The spacious lobby and management office are found at the main entrance off of Worth Street. The old power plant is permitted for renovation to become a world-class event space. Several spaces are currently in the midst of renovation with 5 as live/work. The entire building is sprinklered and the renovations are all top-notch. Multiple loading bays, interior walkways, freight elevators. Many units are drenched in light. 20,000 square feet on two floors are fully permitted and ready to be developed. A truly multifaceted investment opportunity, there is plenty of square footage left to develop while generating over $550,000 in revenue as currently configured. There has been enormous excitement about projects like this in Philadelphia for some time: the Bok School and Maken Studios are two recent examples. There are few spaces in Philadelphia better positioned to become the premier location for that intersection of art, business and architecture where this much of the heavy lifting which has already been completed. Extensive infrastructure improvements include individually metered utilities for each tenant space, extensive storm water management system, functional loading bays, HVAC, and triple phase electric. This is an incredible opportunity to purchase a stablized investment with room to grow.
Status
ACTIVE
Property Class
Commercial
Subdivision
Frankford
Area
Frankford
City
Philadelphia
County
Philadelphia
Building Floors: 4.00
Land SqFt: 73,575
Area: 19124
Location: Urban
Lot Area Acreage: 1.690000
Lot Dimensions: 327X225
Net SqFt: 151000
Ownership: Fee Simple
Property Age: 120
Type: Commercial
Roof: Flat Roof, Pitche
Sale Includes: Land&Bus&Bld
Topography: Level
Zoning Code: IRMX
Water: Public
Exterior: Brick, Block Exterior, MasonryExt
Tax Year
2016
Total Taxes
$18,057

Area Highlights

User reviews and recommendations of top nearby restaurants.

Keshas Kitchen

Categories: , ,

Distance: 0.46 Miles

Rating 4 reviews
Bridesburg Bottle Shop

Categories: ,

Distance: 0.58 Miles

Rating 1 review
Pete's Clown House

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Distance: 0.67 Miles

Rating 41 reviews
Billy's Chili Pot

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Distance: 0.67 Miles

Rating 1 review
Teddy's Pizza

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Distance: 0.68 Miles

Rating 8 reviews
La Parada 2

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Distance: 0.73 Miles

Rating 3 reviews
Liu's Garden

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Distance: 0.81 Miles

Rating 4 reviews
Dezzy's Jamaican Restaurant

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Distance: 0.84 Miles

Rating 1 review
Chick-fil-A

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Distance: 0.89 Miles

Rating 14 reviews
Old English Pizza

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Distance: 0.89 Miles

Rating 5 reviews

School Information

Great Schools

Understand the educational environment and opportunities around this area before moving in.


Clemente Roberto Middle School

Type: Public

Level: 6-8


St. Hugh School

Type: Private

Level: K-8


Cramp William School

Type: Public

Level: PK-5


Edison Hs/Fareira Skills

Type: Public

Level: 9-12


Philadelphia Learning Academy - North

Type: Public

Level: 7-12


Antonia Pantoja Community Charter School

Type: Charter

Level: K-8


John B. Stetson Charter School

Type: Charter

Level: 5-8


Sheridan School

Type: Public

Level: K-4


Ascension of Our Lord School

Type: Private

Level: K-8


Elkin Lewis School

Type: Public

Level: K-4

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Listing courtesy of Elfant Wissahickon-Chestnut Hill.

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Data last updated: 02/26/2017.

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