Philadelphia Homes for Sale, Kensington Real Estate Listings, 3156-60 Kensington Avenue, MLS #6780568 Luxury Homes, Condos, Estates for Sale

3156-60 Kensington Avenue

Philadelphia, PA 19134

On behalf of ownership, we extend to qualified investors the opportunity to acquire 3156-60 Kensington Avenue, a stable income asset located in the Kensington section of Philadelphia. This high traffic area is home to some of the city's fastest growing neighborhoods and this building houses the dominant health and mental health services available to the local community. The property was first constructed in 1929 for the Northeastern Title and Trust Company, but was quickly acquired by Industrial Trust Company of Philadelphia. The property was later purchased by the Flomar Corp in the 1960's and was subsequently leased to the Commonwealth of Pennsylvania. Finally, in 1998 the buildings condition forced the remaining tenants out until it was purchased by its current owners in 2004. Since its reconstruction, the Flomar Building, has regained its importance it had when it was first building over K&A. It serves as an example of how a towering would-be eyesore need not be a community burden but a community benefit. 3156-60 Kensington Avenue has been prepared for a new owner to take over a stable and permanent asset. The existing tenants represent pillars of the local community which will drive traffic and additional uses to the building for the foreseeable future. In addition, a new owner can realize the future potential to be the building as the premier commercial office building in the desirable Kensington section of Lower Northeast Philadelphia. Situated at the base of the Kensington and Allegheny El-train stop and serviced by SEPTA Bus Lines, the Flomar building occupied a unique and desirable location for service oriented companies. Tenants enjoy the benefits of being within walking distance to primary transportation, the full host of amenities, a strengthening residential market and one that is supporting a budding new construction market.
Status
ACTIVE
Property Class
Commercial
Subdivision
Kensington
Area
Kensington
City
Philadelphia
County
Philadelphia
Building Floors: 8.00
Land SqFt: 5,625
Area: 19134
Lot Area Acreage: 0.130000
Lot Dimensions: 52X115
Net SqFt: 34600
Ownership: Fee Simple
Property Age: 91
Type: Commercial
Zoning Code: CMX3
Tax Year
2016
Total Taxes
$26,234

Area Highlights

User reviews and recommendations of top nearby restaurants.

One Pound Cheesesteaks

Categories: ,

Distance: 0.09 Miles

Rating 22 reviews
Cafe Pho Ga Thanh Thanh

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Distance: 0.26 Miles

Rating 151 reviews
Thang Long Restaurant

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Distance: 0.26 Miles

Rating 74 reviews
El Principe Restaurant

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Distance: 0.38 Miles

Rating 9 reviews
Steak & Shake

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Distance: 0.4 Miles

Rating 22 reviews
Otolith Sustainable Seafood

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Distance: 0.43 Miles

Rating 12 reviews
Fredy & Tony's Restaurant

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Distance: 0.45 Miles

Rating 10 reviews
Cook and Shaker

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Distance: 0.58 Miles

Rating 85 reviews
Franco's Pizza

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Distance: 0.6 Miles

Rating 90 reviews
Martha

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Distance: 0.6 Miles

Rating 50 reviews

School Information

Great Schools

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


Visitation School

Type: Private

Level: PK-8


Brown Henry A School

Type: Public

Level: PK-8


Sankofa Freedom Academy Charter School

Type: Charter

Level: K-12


Willard Frances E School

Type: Public

Level: K-4


Kensington Urban Education Academy

Type: Public

Level: 9-12


Sheppard Isaac School

Type: Public

Level: K-4


Kensington Culinary Arts

Type: Public

Level: 9-12


Elkin Lewis School

Type: Public

Level: K-4


John B. Stetson Charter School

Type: Charter

Level: 5-8

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Listing courtesy of Lamm Realty Group LLC.

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Data last updated: 09/29/2016.

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