Philadelphia's Changing Real Estate Market North of Fishtown
PHILADELPHIA - July 23, 2019 - PRLog -- The landscape in Philadelphia continues to rapidly change; areas north of Fishtown including Kensington, Port Richmond and into Frankford are in high demand and increasingly enticing to both buyers and sellers. These areas are perfect for those looking to plant roots for their family or invest in the business of their dreams. The early bird gets the worm and delaying to act now will result in higher prices and shorter inventory.
There is a lot of excitement and buzz luring people to Port Richmond and Kensington. A night out on the town means indulging in diverse dishes, in particular, the ethnic cuisine the neighborhoods are famous for. A night out wouldn't be complete without discovering the thriving art and entertainment scenes in the area. These areas are bolstered by their convenient location near Fishtown, providing easy access to I-95, Center City and everything Philadelphia has to offer.
A shining example of prime real estate is 3211 Cedar Street which was previously a 50,000 square feet school and most recently a warehouse. 3211 Cedar Street was recently sold by REALTOR ® Mark Orehowsky of Coldwell Banker Hearthside, REALTORS ® for $2,200,000.
This generous sized building soon will feature bounteous space for both living and working. This space has 39 rental units (35 apartments/live-
When this space was a warehouse, the previous creative owner had an ambitious vision for this space that the new owners are currently bringing to life. This vision is being brought into fruition with architect Ivano D'Angella to optimize the properties highest potential.
The new owners are enthusiastic to provide a positive impact on the neighborhood's quality of life. This repurposed space offers new businesses and job prospects for the area. One thing residents can look forward to coming in this space is a new favorite morning stop with the owners seeking a coffee shop tenant.
The reasons to make your move or set-up shop in Port Richmond and Kensington are endless. The blend of dining options, nightlife, small businesses, major retailers and ideal location make these areas an exciting place to live! The biggest draw is the pricing, which is more affordable than the surrounding areas while offering a tremendous amount of value.
Port Richmond and Kensington are already becoming a race to grab the best real estate available. The future is bright in these areas, the opportunity is there, and you just need to strike while the iron is hot!
If you are interested in learning more about the residential or commercial opportunities that await you, please reach out to REALTOR ® Mark Orehowsky. Mark serves Philadelphia, Montgomery and Bucks counties with a broad wealth of experience and knowledge regarding the area and upcoming real estate trends.
About Coldwell Banker Hearthside
Coldwell Banker Hearthside is a family-owned business with more than 10 offices throughout Western New Jersey and the Delaware and Lehigh Valleys in Pennsylvania, offering the most extensive real estate services in the region. Recognized as one of the top brokerages in the world, CB Hearthside provides end-to-end residential and commercial real estate solutions through essential mortgage, title, insurance, land development, and relocation services to clients in search of a trusted partner and simplified "one-stop" approach. Since its inception in 1991, CB Hearthside has been recognized as a national sales leader within the Coldwell Banker real estate industry network, and was recently named as the #1 Coldwell Banker affiliate serving the state of Pennsylvania.
In praise of the company's ongoing success, CB Hearthside is continually a recipient of numerous industry and community awards, among them: triple "Platinum Broker" by Cartus Corporation, the largest provider of relocation services in the United States; the 2015-2017 "Best of Bucks" by the Bucks County Courier Times for the CB Hearthside Newtown office; and for the 13th consecutive year, the "Best of Bucks" distinction from The Intelligencer for the CB Hearthside Doylestown office. For additional information visit www.CBHRE.com