239 Race Street: A Legacy of Industrial Elegance in Philadelphia's Old City Own an Architectural Masterpiece and a prestigious piece of American history with the John Jordan Building, a meticulously maintained, historic masonry structure standing in the heart of Old City since 1900. This mixed-use powerhouse offers a rare blend… Read More of (5) five residential condominiums and a premier commercial office suite, totaling approximately 5,895 square feet of high-yield real estate. Residential Interiors: Where Historic Soul Meets High Design Step inside to discover interiors that define "Old City Luxury." Each unit serves as a masterclass in industrial-chic design, featuring: Original Craftsmanship: Glistening wide-plank pine floors and dramatic decorative marble fireplaces serve as stunning focal points in the living areas. Curated Details: Soaring 10-foot+ ceilings are complemented by bespoke built-in library bookshelves, some featuring classic rolling ladders. Light & Air: Massive factory-style windows and private patio's balconies/decks offer sun-drenched living spaces and views of the neighborhood's tree-lined beauty. Modern Amenities: Every unit is thoughtfully "fully loaded" with in-unit laundry, appliances (including dishwashers and gas ranges), and central A/C. Detailed Unit Breakdown & Monthly Income This diversified portfolio provides immediate income stability with the following residential layouts: Unit A: 1 Bed / 1 Bath | 780 sq ft Unit B: 2 Bed / 1.5 Bath | 1,422 sq ft Unit C: 3 Bed / 2 Bath | 1,272 sq ft Unit D: 2 Bed / 1 Bath | 966 sq ft Unit E: 1 Bed / 1 Bath + Den | 720 sq ft Unrivaled Investment & Development Upside Strategically zoned CMX-3, this property is more than a turn-key income generator, it is a growth engine with room to raise the current rents of these amazing condo's. Development Potential: The current zoning allows for significant future expansion, including potential vertical or rear extensions. An additional 735 square feet of cellar storage offers a "blank canvas" for resident amenities or expanded commercial utility. Optimized Systems: Benefit from a full roof replacement in 2023, new HVAC systems, and new water heaters, ensuring minimal capital expenditure for years to come. At the Center of Philadelphia's Historic Renaissance Boasting a near-perfect Walk Score of 97, 239 Race Street places your tenants in the "Most Stylish Neighborhood" in the city. Culture: Seconds from the Benjamin Franklin Bridge, Race Street Pier, and the legendary Elfreth's Alley. Dining: Surrounded by world-class staples like Race Street Cafe, Tuna Bar, and Cafe Ole. Schedule your appointment today to capture this timeless allure of Old City. 239 Race Street is an acquisition for the ages. Schedule your appointment today! Read Less
Courtesy of Thomas A. Greer, Keller Williams Real Estate - Newtown 215-860-4200
Listing Snapshot
Days Online
1
Last Updated
Property Type
Condominium
Beds
10
Full Baths
6
Partial Baths
1
Square Ft.
5,895
Year Built
1900
MLS Number
PAPH2594252
Additional Details
Basement
Full, Sump Pump
Building
Built in 1900, Living area: 5895, Levels: 4, Entry level: 1, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Floors
Hardwood
Foundation
Brick/Mortar
Heating
Forced Air
Home Owner's Association
Fee Includes: None, Amenities: None
Lot
Dimensions: 0.00 x 0.00
Pets Policy
Allowed: No Pet Restrictions
Property
Excellent, Other structures: Above Grade, Below Grade
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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