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Don't miss this incredible opportunity to own a fully occupied, turnkey mixed-use investment property in the heart of Fishtown's thriving Frankford Avenue Business Corridor. This 3-unit commercial building features a long-term commercial tenant on the first floor, Brewery ARS, operating under a multi-year NNN lease, plus two residential apartments above that are both currently rented, providing immediate rental income. The second-floor apartment offers 2 bedrooms and 1 full bath, while the third floor features a 1 bedroom, 1 bath unit. The property is zoned CMX-2 and has been well maintained with numerous updates throughout. Recent improvements include a newer roof, exterior paint, brick pointing, concrete front steps, windows throughout, carpeting, front entry door, and a new brewery entrance. The third-floor apartment features a newer kitchen, washer and dryer, updated lighting, bathroom vanity, fresh paint, and carpeting. The second-floor apartment has also been updated with fresh paint, a newer kitchen countertop, bathroom vanity, and lighting fixtures. The brewery has completed significant plumbing and electrical upgrades along with attractive cosmetic improvements, creating a modern industrial feel with exposed brick throughout the commercial space. The basement has also seen plumbing and electrical improvements along with a new Bilco door. One of the added bonuses is the low annual real estate taxes of just $3,230. The property is also part of the Fishtown Kensington Area Business Improvement District (FKABID), which helps maintain the neighborhood through enhanced safety, cleanliness, and ongoing business district improvements. Location is everything, and this property delivers. Walk to the Girard or Berks Market-Frankford Line stations and be in Center City in just two stops. Surrounded by new development, Federal Opportunity Zones, and continued neighborhood growth, this is an outstanding opportunity for investors looking to add a stabilized, income-producing asset in one of Philadelphia's most desirable neighborhoods. Current Gross Annual Income: $56,856

Source: BRIGHT MLS, MLS#: PAPH2641922

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  • Property Type
    Commercial Sale
  • Lot
    0.03 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 2223 FRANKFORD AVENUE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/29/2026Source: BRIGHT MLS Added to Database
June 29, 2026
3/15/2026Source: BRIGHT MLS Status Change
CLOSED
2/23/2026Source: BRIGHT MLS Status Change
PENDING
2/3/2026Source: BRIGHT MLS Price Reduction
$1,495 -12.1%
1/28/2026Source: BRIGHT MLS Price Reduction
$1,700 -15.0%
1/18/2026Source: BRIGHT MLS Added to Database
January 18, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 11, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 11, 2021
12/3/2024Source: BRIGHT MLS Price Reduction
$719,999 -0.7%
12/3/2024Source: BRIGHT MLS Price Reduction
$719,900 -0.0%
12/3/2024Source: BRIGHT MLS Price Reduction
$709,999 -1.4%
12/3/2024Source: BRIGHT MLS Price Reduction
$699,999 -1.4%
12/3/2024Source: BRIGHT MLS Price Reduction
$659,990 -5.7%
12/3/2024Source: BRIGHT MLS Price Reduction
$659,000 -0.2%
12/3/2024Source: BRIGHT MLS Added to Database
September 12, 2023
12/3/2024Source: BRIGHT MLS Added to Database
September 12, 2023
12/3/2024Source: BRIGHT MLS Price Reduction
$719,999 -0.7%
12/3/2024Source: BRIGHT MLS Price Reduction
$719,900 -0.0%
12/3/2024Source: BRIGHT MLS Price Reduction
$709,999 -1.4%
12/3/2024Source: BRIGHT MLS Price Reduction
$699,999 -1.4%
12/3/2024Source: BRIGHT MLS Price Reduction
$659,990 -5.7%
12/3/2024Source: BRIGHT MLS Price Reduction
$659,000 -0.2%
12/3/2024Source: BRIGHT MLS Status Change
PENDING
12/3/2024Source: BRIGHT MLS Status Change
PENDING
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
Listing provided courtesy of Keller Williams Hometown- MLS# PAPH2641922MLS ProviderContact Information: [email protected] - 8562414343