4945-51 WAKEFIELD ST, PHILADELPHIA, PA
$ Click for current price
12799 SQUARE FEET
In the heart of Philadelphias Historical Germantown section comes an opportunity reserved for the forward thinking and development-minded entrepreneur. This person will possess the business acumen and artistic vision to see beyond an overgrown lot. This opportunity is to redevelop what used to be the Phillips Knitting Mill in 1877. Full of history – yet NOT designated by the Historical Society – is this 3 story Ten thousand square foot red brick building that boasts 20 foot ceilings on all three floors, over 18 huge windows on each floor, a solid concrete foundation and original hardwood flooring that can be restored. The immense amount of character in this beautiful building brings an unprecedented opportunity to a visionary developer and their team of fellow visionaries. From Loft Apartments with wide open spaces, to open-concept Luxury Condos, the living space choices are endless. Or, convert the 3rd floor into your own oasis and the bottom 2 floors into 2 or 4 rentable units, the choice is yours. As a bonus, included on this parcel of land, are 2 apartment buildings that consist of 3 and 4 units respectively, each with 2 bedrooms. This is not only a Residential opportunity; there are endless commercial uses for this space too. From dance-studios, to photography studios, from Arts Centers to Architects offices, opportunities abound. The wide-open end-to-end space on each floor, also allows for a public storage facility or just plain old warehousing. This parcel of land and buildings is fenced all around the perimeter and is accessed through a double gate at the head of the property. *Seller Financing Possible.