As Pennsport continues to boom, developers have been building up Dickinson Narrows just to the west of the neighborhood. V2 Properties in particular has done a ton of work in this area, with projects on Mercy, Dudley, Emily, and Hoffman Streets, among others. On the 400 block of Hoffman Street, we see one such property which sold last year for $280K.
A new home on the 400 block of Hoffman Street
Around the corner from this home, we noticed a "For Sale" sign on a row of buildings on 5th Street. Considering all the construction that's happened in the area in recent years, we thought it might represent a development opportunity for somebody.
For Sale signs on the buildings
You can see, there are three buildings in a row which look alike, so we figured that all are available. We also suspected that the vacant lot at the corner, now housing a storage container, was also available. Checking the listings, we discovered that the corner isn't actually available and the buildings available for sale aren't actually an opportunity after all. 1907-1911 S. 5th St. were a development opportunity less than a year ago, when we believe a developer purchased them along with another building half a block away for a combined $350K. Now, each of the buildings are listed for $280K, or the package can be yours for $1.12M.
We actually thought we wrote about this project before, but when we were researching our story from earlier this week about three new homes coming to 7th & Morris, we realized we'd never shared the news that new homes are coming soon to the 600 blocks of Moore and Pierce Streets. Currently, 617 Moore St. is a large vacant lot with a huge beer distributor immediately to the east and a bunch of homes to the west.
View of the lot on Moore Street
Beer distributor to the east
Homes to the west
As you can see, the lot extends all the way to Pierce Street. At the end of last year, developers presented plans to the ZBA for nine homes on this property, with four homes and a drive-aisle entrance on Moore Street and five more homes on Pierce Street. The design is pretty straightforward, though we'd bet that the homes splitting the drive-aisle are going to lay out suboptimally.
Doesn't it bug you when you come home after a long day at work and find a take-out menu from a pizza place you've never heard of jammed into your mailbox? Alas. Maybe a decade ago, we came home to find a menu from a pizza place hilariously named "The Pizza Place" and the menu included some pretty compelling coupons, so we gave the them a shot. And wouldn't you know it, the pizza was actually pretty good. And with the coupon it was incredibly inexpensive to boot. We got delivery from this place a bunch of times over the years, but never actually visited the store at the northwest corner of 7th & Morris. It ain't the prettiest intersection in town.
Pizza Place, recently reopened under new management!
Auto shop on the southeast corner
Old view of the northeast corner
So we were rather surprised to hear from a reader earlier this week with news that the surface parking lot pictured above was no more. A large hole has appeared in its place.
A reader first brought the former Equity Savings and Loan bank building at 2234 S. 7th St. to our attention about a year and a half ago, and at the time we wondered whether the owners might make it available for sale and redevelopment. Within a few weeks (didn't you know we're phychic?), the longtime owners put the property on the market for just under $100K, and three days later it was under agreement for $27K above the asking price. The building was once a bank, as we mentioned, but was more recently used as a thrift store and a warehouse. Per the listing, it had no water or HVAC. Still, it had some wonderful bones.
In the past
The current owners have done some significant work to the building and according to permits it's now a mixed-use property with a fish store on the first floor and two apartments above. Perhaps to evoke an under the sea vibe, they've applied a coat of turquiose paint to the building. In an effort to secure the location, they've added a bunch of metal security gates, replacing old window openings and plywood. And for reasons we're not sure we understand, they've sealed up the original entrance to the building. Check it out:
A reader recently tipped us off about 1931-37 W. Passyunk Ave., a large building around the corner from Nick's Roast Beef. It's possible that they emailed us because they happened upon the listing while looking for who knows what on the internet, and there's a chance they contacted us because they know the owner or the realtor and they're trying to get the property some attention. But in this case, the motivations don't matter to us! Here, check out the property:
Wow, this thing looks lousy. One would have to think it looked nicer back in the day. But now... yikes. The two-story brownstone next door retains most of its character, even though the first-floor window is boarded up. Both properties are currently listed for sale in a single package, with an asking price of $950K. The current listing indicates that the property has about 3,700 sqft of land, and old listings show that the buildings were once home to a beauty school, a furniture store, and a catering hall upstairs. But it's the rendering that really makes the listing pop.