Commercial Real Estate Roundup: Tacony 1/27/2015

Here’s a list of Commercial Real Estate listed for sale in our area. Click links for more details. Information is provided by the seller. Current as of 1/27/2015.

6900 NEW STATE RD, Philadelphia, PA 19135

- Exterior Front

This is a rare opportunity to own a large 6, 264 square foot, Warehouse in a prime location. Just minutes from New Jersey, location on state road with access to interstate 95 and other major highways. This warehouse is ready to go. The property offers a large show room, three separate office spaces, a lunch room, men and women’s bathrooms. This space also offers a huge rear room lined with rows of shelves for storage of inventory. This property just keeps giving it also offers a large space in the back of the building with a newer loading dock and large garage door. The subject has updated HVAC, a newer roof, and much more. If you are looking to location your business in the Philadelphia area you have to see this.

7210-14 VANDIKE ST, Philadelphia, PA 19135

- Exterior Front

Commercial auto and truck repair shop formerly operating for past 35 years. 4 lifts, 10-12 bay sites for repairs. offices first and second floor, waiting area. Adjoining fenced parking area for 25 cars or could be used for additional build-out.. Also possible contractor or small business site with plenty of storage. Many other possible uses. Convenient to main roads and Interstate 95 . 24 hours notice needed. No Sundays.

6918-20 TORRESDALE AVE, Philadelphia, PA 19135

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Entrepreneur and Investor Alert : Tacony is on the Rise : This 4, 000 SF commercial property is a very desirable premium double-wide Mixed-Use Investment Opportunity strategically located on the commercial corridor in the Heart of Tacony. First Floor: Open 2, 000 SF expansive commercial Space 34’x60′ on ground level is offered for sale ‘as is’ in good condition. Tall ceiling, double-wide window display, use of full 2, 000 SF basement and 22’x34′ cement back patio. Newer Electric Heat Pump & Central Air, 200 AMP Electric Service. Second Floor: Two 1, 000 SF 2BDR one bath residential units are above. Tall ceiling, gas heat, gas cooking, double-glazed windows, and each unit has 100 AMP electric service. One unit offers refinished hardwood floors, while the other has carpeting. External iron staircase exists in back. All utilities are separately metered and the building is Code Compliant. Area rents are about $.90/SF/M, so this property is poised to be a money maker: GAI = $43, 600, Expenses = $6, 600, NOI = $37, 000. This building is solid and the prospective financials are strong offering a 10-CAP to investors, or ready for a fresh entrepreneur to unfold their vision in the commercial space while covering their costs from the residential component. Rethink Tacony!

7013 TORRESDALE AVE, Philadelphia, PA 19135

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Fantastic Opportunity to own this combination property of apartment over commercial. Last used as a funeral home. Property has been utilized and cared for by the same individuals as a Funeral Parlor since 1985. Property features 4, 452 Sq Ft. Lower level consist of large seating area and show room. Service elevator, lab, bathroom, utility area, and coffee lounge. First floor consist of wide open floor plan. Seating Capacity for 75 persons in large viewing area 14ft X 52ft. 2 Offices, Handicap access, bathroom. Second level consist of living room, dining room, kitchen, 4 bedrooms and bath. Third level consist of large office area and bathroom. 2nd and 3rd floors currently used as residential living. Parking for 15 cars with street to street access. Rare development opportunity with signage for various residential mixed use. Present use or conversion of multi unit use.

7100 EDMUND ST, Philadelphia, PA 19135

7100edmund

Great investment opportunity! Property currently being used as a pizza shop with three fully leased apartments. Highly visible location. New equipment: Walk-in refrigerator, computerized system, surveilence system and ovens.

6601 MARSDEN ST, Philadelphia, PA 19135

- Exterior Side

Come see this rarely offered 5000 sq ft well maintained building with a overhead garage for loading material this is the shop area that has two bathrooms and an office and a changing area. There are also two large offices in the main entrance that are carpeted and three bathrooms. The roof is new ( 2014). The central Air is new. The electrical system is new. There is parking for three cars and also street parking. There is a tenant secured for another year and a half. This is a good opportunity for a nice commercial building for either personal use or rental.

6819 TULIP ST, Philadelphia, PA 19135

- Exterior Front

3 offices-2 powder rooms-open warehouse space-currently occupied for drapery workroom-with full basement-1st floor:2 front offices with very large workroom that has 2 powder rooms and loft above the office space-four ceiling fans in this part of the building-addition built in 2000 w/1200 sq ft.-large workroom and 1 office- stairs to full basement-3 ceiling fans in the addition-1st building is 30×60(1800 sq. ft.)- addition 30×40(1200 sq. ft.)-basement 30×60(1800 sq. ft.)Roof is approx. 15 years and maintained yearly by owner-

The Tacony CDC offers this information for educational purposes only.

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New Small Business Resource Packet!

Are you or someone you know looking to start up or revamp a business, well the Tacony CDC can help! Download this brand new small business resource packet to help your new or current business navigate the dozens of programs and organizations in Philadelphia that can launch your business into 21st century. If you need help or guidance with any of these programs please feel free to contact the Tacony CDC at 215-501-7799 for assistance.

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History of the Tacony Library: Photographs

We’re very excited for the upcoming renovation of the Tacony Library and it’s no secret that the Tacony Community Development Corporation views preserving our community’s history as a key to ensuring a bright future. We recently came across some outstanding historical photographs of the Tacony Library that give a sense of what it was like to first walk through those doors on opening day, November 27th, 1906.

Children pose for a photo on the library steps in 1906. [Photo: Free Library]

Children pose for a photo on the library steps in 1906. [Photo: Free Library of Philadelphia]

The Tacony Library was one of 25 libraries constructed with a grant from the Carnegie Corporation. It was the fourth to open of the series. These photos from the Free Library of Philadelphia show how the fixtures, lighting, circulation desk, and even staff appeared in 1906. The building was designed by Philadelphia architect Lindley Johnson and constructed at a total cost of $43,382.59.  (inflation-adjusted to $11,07,946.34 in 2014 dollars) [HABS Survey]

1906

The building’s skylight and windows let natural light into the main reading room. [Photo: Free Library of Philadelphia]

The building’s architecture has notes of a variety of architectural styles. The building’s exterior is mostly Georgian Revival with brick and classical elements. The interior includes a mix of Georgian Revival trim with Arts and Crafts elements such as exposed woodwork, and heavy wooden rafters in the rear area. [HABS Survey]

Pendant lamps hang from the ceiling. Large classical columns and details surround the opening between the main reading room and children's room.

Pendant lamps hang from the ceiling in the rear area. Large classical columns and details surround the opening between the main reading room and children’s room. In 1927 the rear room was converted from a lecture area to a children’s room. [Photo: Free Library of Philadelphia]

Patrons at the Tacony Library enjoyed this environment for nearly 50 years, but by the late 1950’s the Free Library of Philadelphia wanted to “modernize” its branch libraries to accommodate new user needs and preferences. Many branch libraries were renovated, stripped of architectural details in favor of modern architecture, clean lines, and minimal details. The Tacony Library was not exempt from “modernization” during this time. [HABS Survey]

Modern furniture, dropped ceilings, and clean design stripped away original details.

Modern furniture, dropped ceilings, and clean design stripped away original details in the children’s room. [Photo: Free Library of Philadelphia]

By the 1990’s the library underwent another renovation. This renovation restored some original building elements such as the building’s rafters and skylight.

The building's skylight was restored during the 1990's renovation. (Photo: KSK)

The building’s skylight was restored during the 1990’s renovation. [Photo: KSK]

While the 1990’s renovation restored some of the original details it was not a full restoration of the library.

The library's main reading room as it appears today.

The library’s main reading room as it appears today. [Photo: Tacony CDC]

The library's main reading room. [Photo: Library of Congress]

The library’s main reading room. [Photo: Library of Congress]

We’ll keep you updated with details of the library’s renovations and look forward to another successful chapter in the life of this outstanding community anchor.

For a more in-depth history of the library click here.

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Big Projects Underway for 2015 in Tacony

2015 is shaping up to be a busy year for the Tacony neighborhood. With significant construction projects either planned or underway Tacony will be changing for the better.

Tacony Academy Wissinoming Campus: Construction is underway for the new Tacony Academy building at 6201 Keystone St. on the Tacony/Wissinoming Border. This new building replaces the old Tacony Billiards building and will include classrooms, science labs, a library media center, a cafeteria, and a gymnasium.

Aerial rendering of the new Tacony Academy Wissinoming campus on the Tacony/Wissinoming border

Torresdale Ave Storefront Improvement Program: Designs, approvals, and soon construction will be moving forward with a second round of the Tacony CDC storefront program. In partnership with the Philadelphia Commerce Department this round of storefront improvements will take the total improved storefront count to 27 storefronts. That’s nearly 1 in 5 storefronts that will have been improved in and along Torresdale Ave.

Aluminum siding will disappear as historic storefronts and building details are restored in the second phase of the Tacony Storefront Program.

Aluminum siding will disappear as historic storefronts and building details are restored in the second phase of the Tacony Storefront Program. Above is a schematic of planned improvements for State Farm insurance.

Tacony Library: With a major gift from the William Penn Foundation. The Free Library of Philadelphia will be renovating the Tacony Library at 6742 Torresdale Ave. As part of the “21st Century Libraries Initiative.” These improvements will strengthen the library’s functionality to better serve the needs of the 21st century library user. The Tacony CDC is proud to be a community partner as the Tacony library evolves to better serve users in the 21st century while still honoring its rich history as the community anchor of Torresdale Ave.

The library's renovations will better serve users in the 21st century while honoring its rich history with historic preservation.

The library’s renovations will better serve users in the 21st century while honoring its rich history with historic preservation.

SawTown Tavern: Mike Scotese of Grey Lodge Pub and Hop Angel Brauhaus is planning a third Northeast Philly beer bar. Along with partner Troy Everwine, he’s taking over the former Prince Cafe (4717 Princeton St.) in Tacony and will renovate while keeping the doors open. Look for a brighter first floor and a game room upstairs, plus a wood-fired oven for “craft” pizza to go with craft beer. Changes will roll out from the end of this year through beginning of next. (from Zagat.com)

The Prince Cafe will have a vibrant new future as a destination restaurant. This concept rendering highlights the new logo designed by artist Lindsey Tweed. The building honor’s Tacony’s history by calling back the era of the company town built by the Disston Saw Works. Sidewalk seating is also planned.

Keystone Academy: Keystone Academy, currently located at 6660 Keystone St is moving forward with plans to renovate and improve the former Mary Disston School at 4521 Longshore Ave for its new home. Currently in the approvals phase, this new project will renovate a formerly vacant historic school to serve K-8 students. The building will include science labs, classrooms, and other multi-purpose rooms.

The Mary Disston school will have a new future as the home of Tacony Academy  with a historically sensitive renovation and addition.

The Mary Disston school will have a new future as the home of Keystone Academy with a historically sensitive renovation and addition. (photo: PlanPhilly)

Overall, 2015 is looking to be a very busy year of positive change for the Tacony neighborhood. When the CDC’s revitalization project efforts began nearly three years ago no one could have envisioned these dynamic projects in the pipeline. Through hard work and community partnerships the Tacony Community Development Corporation will work to support these transformative projects.

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Looking Back at 2014: A Year of Major Milestones for the Tacony Community Development Corporation

As we approach the end of 2014 this is a great opportunity to look back at the incredible hard work and achievements of the Tacony Community Development Corporation over the past year. We could not have achieved this incredible amount of work without our volunteers, work study students, board of trustees, partners, and staff. 2014 marked some major milestones for our neighborhood listed below.

Design:

Wellens signature awnings received the "Awesome Awnings" award. Our storefront achievements were dynamic in creating a culture of investment on Torresdale Ave

Wellens signature awnings received the “Awesome Awnings” award. Our storefront achievements were dynamic in creating a culture of investment on Torresdale Ave

Promotion:

  • Celebrated the first birthday of the Hoagie Trail, an award-winning promotion linking some of our city’s best hoagie shops located right here in the Tacony neighborhood.
  • Completed merchant spotlight interviews to “meet” our business owners directly online.
  • Partnered with Councilman Henon for FallFest a large-scale neighborhood street festival.
  • Participated in Small Business Saturday on November 29th with 11 participating small businesses.
  • Partnered with the Free Library of Philadelphia Tacony Branch and the Tacony Civic Association for the Winterfest special event at the Tacony Library.
Zach Lashway of phl17 celebrating the Hoagie Trail Birthday with King Fink!

Zach Lashway of phl17 celebrating the Hoagie Trail Birthday with King Fink!

Organization:

  • Continued to develop and retain a dynamic Board of Trustees to guide the Tacony Community Development Corporation.
  • 93 new members joined the Tacony CDC to help fund new security cameras and regular cleaning on Torresdale Ave. Memberships raised more than $3000 in new contributions to fund these efforts.
  • Completed a merchant and resident satisfaction survey to guide efforts over the next year and address important issues.
  • Received awards for outstanding storefront designs, and our Manager Alex Balloon received the Corridor Catalyst Award from the City’s Storefront Challenge.
  • Convened Merchant Group to explore ways to foster a business association for networking and peer-to-peer idea exchange.
  • Completed a 10-year Community Development Corporation Tax Credit Partnership with Waste Management of Pennsylvania, bringing $850,000 to support our neighborhood revitalization efforts.
  • Received a competitive Targeted Corridor Management Grant from the Philadelphia Commerce Department to support our corridor revitalization efforts.
Georgeanne Huff-Labovitz cuts the ribbon to celebrate the completion of 15 storefronts. From left to right Alex Balloon, Tacony CDC; Councilman Bobby Henon; Georgeanne Huff-Labovitz; Deputy Mayor Alan Greenberger; Jim Van Woert Waste Management. Waste Management partnered with the Tacony CDC to bring $850,000 over the next ten years in neighborhood revitalization.

Georgeanne Huff-Labovitz cuts the ribbon to celebrate the completion of 15 storefronts. From left to right Alex Balloon, Tacony CDC; Councilman Bobby Henon; Georgeanne Huff-Labovitz; Deputy Mayor Alan Greenberger; Jim Van Woert Waste Management. Waste Management partnered with the Tacony CDC to bring $850,000 over the next ten years in neighborhood revitalization.

Clean & Safe:

Torresdale Ave has more cameras than any other time in its history. The Philadelphia Police know the location of these cameras and can access footage to help reduce crime in our area. These cameras not only reduce crime they also help to prevent it.

Torresdale Ave has more cameras than any other time in its history. The Philadelphia Police know the location of these cameras and can access footage to help reduce crime in our area. These cameras not only reduce crime they also help to prevent it.

Economic Improvement:

  • Supported the nomination of the National Register Historic District for the Disston Estate area of Tacony. When approved this will bring new eligibility for Historic Rehabilitation Tax Credits for eligible income-producing properties.
  • Completed business recruitment package, and reached out to realtors and targeted new businesses that may consider locating on Torresdale Ave.
  • Assisted in the grand opening of Anthony’s Cafe Espresso at 4741 Princeton Ave
  • Assisted in moving targeted foreclosed properties back on the market, working with both banks and real estate agents.
  • Assisted with the business planning and recruitment of the new SawTown Tavern at the old Prince Cafe located near Torresdale Ave and Princeton Ave.
  • Pasiano’s recently reopened at 7100 Tulip St with a new Italian and Filipino menu.

The SawTown Tavern will be a destination restaraunt with craft pizza and beer. It will also serve as a gathering space in our neighborhood.

 

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Shoppers Shop Small in Tacony

We would like to take a moment to thank all our merchants and shoppers that participated in Tacony’s 2nd annual Small Business Saturday. Our ten participating business offered specials and deals ranging from modest $1 coffee to 25% off your entire purchase. To enhance the experience merchants rewarded shoppers with canvas bags, pins, and bandanas that were given to us courtesy of American Express.

As we have done with similar events we utilized traditional and digital media advertising to draw attention to Small Business Saturday.  On the Wednesday leading up to the event we ran a full-page ad in the Northeast Times touting the participating business and their specials which reached 50,000 people. This ad help drive our mission by promoting Tacony as a destination shopping district and spread the word about our ongoing revitalization. We also ran a social media campaign during the two weeks leading up to the event. For the campaign we took photos of each of our participating merchants with a Shop Small sign.  Over the days leading up to the event we sent these photos and other shop small promotional material through every one of the CDC’s digital platforms. Through these platforms we reached nearly 20,000 people.

RubinoSBS

The line at Runbino’s for Small Business Saturday

On small business Saturday many merchants experienced a modest increase in foot traffic to their shop for the day. Based on our estimates Rubino’s had the highest amount of foot traffic with approximately 30 people stopping into their shop during the course of the day.  The shop that saw the largest increase in total traffic was Sportmaster Bait and Tackle all the way at the corner of Ditman and Robbins. They quadrupled their average off season in store purchases for one day with nearly 15 people stopping into the store.  In total we estimate 150 shopped in Tacony on Small Business Saturday.

Once again we would like to thank all our participating merchants and shoppers for making this event a success and we look forward to finding new and fun ways to promote Tacony’s small businesses. We’d also like to thank American Express for providing us with free promotional material to give out to our merchants and customers.

By: Christian Regosch

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Join Us for Winterfest at the Tacony Library Saturday December 6th 11AM-3PM

There’s lots to check out this Saturday at the Tacony Library! There will be a DJ, holiday food, music, kids’ activities, historical displays, and Santa will make a visit.

It’s sure to be a fun event this Saturday at Winterfest.

Between 11:30 and 12:30 meeting artist Benjamin Volta and architect Jim Keller. They will give a community update on the artwork and renovations planned as part of the 21st Century Libraries Initiative. Benjamin has spent a lot of time learning about our community and checking out our neighborhood’s rich history. Thank you to our event partners: Tacony Historical Society, Tacony Civic Association, and the Free Library of Philadelphia Tacony Branch.

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Housing Market Update

As many of you know we have spent a lot of time focusing our efforts on Torresdale Avenue, implementing store and streetscape improvements to draw positive attention and development to Tacony. The majority of our organization’s funding structure cannot be used for housing development. We have improved commercial buildings with apartments above (commonly called mixed-use buildings), and buildings on Torresdale Ave are mixed between commercial buildings and homes. Because of this focus some residents have asked us how these projects benefit the entire community.  The following snapshot provides a look into the housing market of Tacony beginning in 2010 when the economy began to recover from the housing crisis. Although there are many factors in play when we look at housing, many of which are outside of our local neighborhood development corporation’s control, this will tell us how conditions are changing outside of Torresdale Ave.

Many homes in Tacony show neighborhood pride.

Many homes in Tacony show neighborhood pride.

To do this analysis we looked at Tacony’s four main census areas to paint a picture of our housing market. When then examined rental rates, home value, building age and occupancy rates to showcase our strengths, challenges, and opportunities. Our data came from the U.S Census’s American Community Survey for the years 2010-2012. We then compared these years or used the 2012 estimate to give a snapshot of the current housing market in Tacony. This article analyzed data for the 19135 zip code to explore other challenges our housing market faces.

Growing Market

Housing in Tacony is improving in several key areas; residential rental rates have increased by $57, rising from $876 dollars in 2010 to $933 in 2012 . This is a modest increase in rent but it tells us people are starting to place a greater value on living in Tacony. Again we see positive trends with actual home owners with our owner occupied housing rate increasing nearly 2% over this time period.  Also encouraging is there are 9401 housing units in Tacony which is a slight increase from 9320 in 2010.  Coupled with this increase in rental rates, owner occupancy, and new homes we find the family size of owner occupied homes and renter occupied homes have both increased, 3% and 5% respectively.  This means new families are moving into our neighborhood. All of these facts point to a housing market that is starting to open its doors to new growth.

Rents in Tacony are growing.

Rents in Tacony are growing.

Challenges

Even with our recent gains Tacony’s housing market still faces some challenges. The most telling one is that our housing stock is old. Only three percent of our houses were built after 1970, while a third of our houses were built before 1939.  The old housing stock may present maintenance challenges for potential owners.  Older homes often require more money to provide proper upkeep for the structure.

But this is not a complete downside. Even though these older buildings may cost more money to repair, older buildings tend have better character and more curb appeal than modern cookie-cutter residential units. It’s why Tacony was recognized as a great opportunity for homeowners by “this Old House” magazine. These homes present a great historic preservation opportunity that can enhance our neighborhood.  Our older housing stock presents some upfront maintenance issues with cost but still is a valuable opportunity.

Historic homes can present maintenance challenges to homeowners.

Historic homes can present maintenance challenges to homeowners.

Homes Within Reach

Despite modestly increasing rents median household value has fluctuated around $119,000 over this three year period. This is a great opportunity. Decreasing vacancy means the market is getting stronger, but Tacony still is highly affordable for potential home owners.         

Median

Foreclosures and Bank-Owned Properties

Tacony was not immune from the foreclosure crisis triggered by the last recession.  This has left lasting impacts on Tacony’s housing market. 289 buildings are in some form of foreclosure in the 19135 zip code meaning it will take some time for these properties to complete the judicial proceedings and sale process. Our CDC has received many calls about vacant and foreclosed properties and have followed up with maintenance servicing companies to hold them accountable for maintaining these properties: ensuring the property is secured, grass is cut, and the buildings are not dangerous. We have partnered with the Department of Licenses and Inspections, Community Life Improvement Program, and Tacony Civic Association.

Housing in Tacony is stabilizing from massive market challenges related to the national recession. While we lag other areas of the city our housing market is improving and will continue to stabilize. We work closely with the Tacony Civic Association and other partners to welcome new residents and continue to grow our neighborhood.

by Christian Regosch

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Philadelphia Gas Works Replaces Gas Mains on Torresdale Ave

The Philadelphia Gas Works is replacing gas mains along a selected section Torresdale Ave. Traffic may be diverted at times around the 6700-6800 blocks of Torresdale Ave to accommodate the gas main replacement. Here is the project information and locations of the work planned by PGW.

Affected Areas:

  • 6700-6800 Torresdale
  • 6700 Van Dike Street
  • 6700-6800 Hegerman Street
  • 6800 Edmund Street
  • 4700-4800 Rawle Street

Project Dates:
Start: Sep 17, 2014
End: Dec 22, 2014
Work Hours: Work Hours: M-F, 9 a.m. to 3 p.m. for most of the project

This work replaces the utility’s aging gas main system.

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Join us for Tacony Small Business Saturday on November 29th

The Tacony CDC is thrilled to be a Small Business Saturday Champion and part of American Express’s National Small Business Saturday Campaign.  For our small business event the Tacony CDC, under the umbrella of ShopTacony, is organizing a community wide advertising campaign for our businesses that are participating in small business Saturday. Participating merchants will receive free advertisement in the Northeast Times, our social media platforms, as well as other promotional material.  In exchange for our services participating merchants will offer discounts on various products and services on this one day.

Why Shop Small Infographic

What’s being offered?

On Saturday November 29th nearly a dozen businesses are participating in this event, including Bulls Eye Darts, Wellen’s Hosiery, Sportsmaster Bait and Tackle, and Denofa’s Italian Deli. Discounts range from 20% percent off gifts and clothes at FM Mart to $1 CD, Books, DVDs, and PS2 games at Philly Media. For a full list of participating businesses and discounts please visit the event’s ShopTacony page. If you choose to Shop small at one of the participating businesses you may receive a bag full of shop small memorabilia.

Banner_OurNeighborhood

How you can save.

Each store is already offering select discounts on products and services, meaning you save right out of the gate.  But as mentioned earlier this is a part of American Expresses National Shop Small campaign. This means when you shop at a participating business that takes American Express you will receive a ten dollar rebate (up to 30 dollars) for each purchase over 10 ten dollars.  So buy ten pounds of Denofa’s deli products, 20 items at Philly media, get your computer cleaned up at Computer guy and get back 30 dollars. We look forward to seeing you on Torresdale Avenue on November 29th.

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