1602 Frankford Ave 5,701 SF Specialty Building Offered at $7,643,350 CAD in Philadelphia, PA 19125

MPN Realty is pleased to Exclusively Represent the Ownership of 1602-12 Frankford Avenue located in the Fishtown neighborhood of Philadelphia. 60 years ago, The Kensington Station Post Office signed its original lease in 1965. The facility was built specifically for the US Postal Service by Ricciardi Construction Company (RCC), a family business. A Ricciardi family member still owns it today. We are proud to offer this property for sale, for the first time in 60 years. Presently, the Post Office is nearing the end of their final option period, and therefore, the lease will officially expire on July 31st, 2027. The Post office intends to relocate. The Asking Price is $5,500,000
MPN is promoting this property as a 12,000 SF development opportunity with site dimensions of 100’ X 120’ : (100’ on Frankford Avenue and 120’ along E. Columbia Ave). The property is zoned CMX-2, which allows for a multitude of mixed uses.
Fishtown is often referred to as “the Brooklyn of Philadelphia”. It has its own vibe. There is an eclectic array of chic restaurants, bars, fine dining, national retail, and many colorful and interesting locally owned boutiques, making Fishtown a destination for visitors and locals who appreciate it’s sophisticated urban environment. Fishtown has been featured in many national publications which tout lists like “best place to visit” or ‘best restaurant scene” or even “best new hot neighborhood.”