2706 E MONMOUTH STREET, PHILADELPHIA, PA 19134

$395,000

INVESTOR SPECIAL in Port Richmond! A rare opportunity to own two adjacent parcels on a prime block in one of Philadelphia's most rapidly developing neighborhoods. Located at 2704 and 2706 E Monmouth Street, this unique property package offers endless possibilities for investors, developers, or business owners seeking a versatile space… Read More in a highly sought-after area. The first parcel at 2704 E Monmouth St features a two-story row home with 1,200 square feet of living space across two floors, plus an unfinished basement. The home includes 3 bedrooms, 1 bathroom and a rear patio for outdoor living. Ideal for a complete rehab or potential redevelopment. The second parcel at 2706 E Monmouth St is a massive garage/warehouse boasting over 3,400 square feet of space. The garage space has tall vaulted ceilings with exposed beams, brick walls, and a large overhead door that provides easy access from Monmouth Street. The space widens to 40 feet across at the rear and 105 feet deep, making it perfect for a variety of uses. The garage also includes a second-floor loft area with additional space accessible, offering potential for office, storage, or workshop use. The garage is equipped with electric and water supply for added convenience. Together, these two parcels create a combined lot size of 40' x 105', offering ample space for various development opportunities. Whether you're a business owner looking to operate from the warehouse while renting or living in the home, or an investor considering a full redevelopment into two new construction homes, this property package delivers exceptional flexibility. Buyers should explore potential subdivision or mixed-use possibilities with the City of Philadelphia. This is a one-of-a-kind property in Port Richmond, with new construction and development happening all around. The garage is ideal for a contractor, auto mechanic, or any business needing a large workspace, while the house offers rental income or personal use potential. Additionally, developers may find value in creating two brand-new, three-story homes with spacious backyards, or even constructing two two-unit properties for added income streams (should the city permit). The possibilities are vast, but the opportunity is rare! Don't miss your chance to unlock the full potential of this double-parcel property. Located in a thriving neighborhood just minutes from Fishtown and major highways, this property offers both long-term growth potential and immediate usability. Call the Listing Agent for showings. Read Less

Courtesy of Ken Scarborough, Homestarr Realty [email protected]

Listing Snapshot

Days Online

Last Updated

Jan 18, 2025

Property Type

Townhouse

Beds

Full Baths

Square Ft.

1,200

Lot Size

0.05 Acres

Year Built

1965

MLS Number

PAPH2434988

Additional Details

Basement

Unfinished

Building

1,200 sqft living area, 1,200 sqft above grade (finished), Built in 1965, Structure Type: End of Row/Townhouse, 2 levels, Bi-level, Masonry

Cooling

Electric, Window Unit(s)

Accessibility Features

2+ Access Exits, >84 Garage Door

Foundation

Block

Garage

12 garage spaces

Heating

Natural Gas, 90% Forced Air

Laundry

Basement

Lot

2,100 sqft, Lot Size Dimensions: 20.00 x 105.00, 0.05 acres, Additional Lot(s)

Property

Additional Parcels, Other Structures: Above Grade, Below Grade

Sewer

Public Sewer

Taxes

City/Town Tax: $931, City/Town Tax Pymnt Freq: Annually, County Tax Pymnt Freq: Annually, School Tax: $1,185, Tax Annual Amount: $2,116, Tax Year: 2024

Utilities

Hot Water: Natural Gas

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2706 E MONMOUTH STREET

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