• 20 Units
• Unknown Sq Ft
• 20,010 Sq Ft
• Unknown Cap Rate

Description

Are you in search of a one-of-a-kind investment opportunity in the thriving Tioga neighborhood of Philadelphia? Look no further than this expansive 37,183 sq ft commercial property, formerly a school and church conversion, located just off Erie Ave amidst a landscape of new construction and updated buildings. This versatile property is a true gem with endless potential for creative redevelopment.

**Property Highlights:**

**Two Distinctive Buildings:** This property boasts two separate buildings, each with its own distinct character and potential uses.

**Former School Building:**
- Four-story structure with a rich history.
- Spacious layout featuring 4-5 classrooms on each floor.
- Bathroom facilities on every floor for added convenience.
- A large, fully equipped kitchen area on one floor, perfect for communal or culinary use.
- The top floor includes a small kitchenette.
- Abundance of natural light floods in through expansive windows.
- Historic charm and architectural details that add character to the space.
- Impressive 10-foot-high ceilings provide a sense of spaciousness.

**Former Church Building (Current Gym):**
- A remarkable transformation of a historic church into a contemporary gym.
- Equipped with a modern HVAC system for year-round comfort.
- Spread over two floors, offering versatile use possibilities.
- Features two separate stages, ideal for performances, presentations, or events.
- Two full-sized basketball courts for athletic activities and events.
- A small field area in the basement provides additional flexibility.
- Possibility to create amenity space or optimize the unit count based on your vision.

**Additional Features:**
- Fenced parking lot for secure and convenient parking.
- Proximity to new construction and updated buildings enhances the investment potential.
- Ample office spaces throughout the property offer flexibility for various uses.
- An abundance of open space and historic charm provides a unique canvas for creative redevelopment.
- This property offers immense potential for conversion into residential units, taking advantage of the high ceilings and large windows.

Whether you are an investor looking for a versatile property with potential for residential conversion or a developer seeking to create a unique living space, this former school and church conversion property in Tioga offers a wealth of opportunities. Don't miss your chance to own a piece of Philadelphia's history while contributing to the neighborhood's vibrant future. Act now and turn your vision into reality!