BEDROOMS: 1 | BATHROOMS: 1
LISTING PRICE: $425,000
SQFT: 1,018 | Tax: $829 / YEAR 2019
Great location AND modern features! This huge and bright corner condo is in the iconic Memphis Flats, developed by Brown Hill, who are famous for creating luxury buildings in New York City and the most expensive and coveted residential hi-rise building in Philadelphia. This is your opportunity to live in a designer loft!
Unlike any other unit in the building, unit #401 is particularly special because it is situated in the section of the building with concrete floors, and at 11 feet, the highest ceilings available! The ceilings are framed by lovingly preserved timber beams and supported by concrete columns, details only found in a true loft. Complemented by exposed brick, and a corner location, all these features are illuminated by natural light streaming through multiple over-sized factory windows. To capitalize on being larger and more open than its neighbors, this particular unit is currently set up as a wall-free lofted studio, but could easily be converted to a 1 or 2 bedroom unit. Brand new stainless appliances and a reserved/deeded parking space in Memphis Flat's parking lot are added bonuses. The building amenities include a resident lounge, fitness center and extra storage with a low condo fee.
Best of all is Location! Location! Looooocation! The true heart of Fishtown is mere steps from Memphis Flats. In one direction you are a short walk from coffee or tea at Steap & Ground and fresh bagels at Philly Style Bagels in the other direction you can stroll over to Cedar Point Bar and Kitchen for a bite and a drink or grab a sweet treat at Whipped Bakeshop. Thinking about dinner? Grab drinks at Loco Pez before making your Suraya reservation, all steps from your front door! Conveniently located near the I-95 North and South entrances. Exceptionally easy access to Center City via buses, but even more so via the Market-Frankford Line, grab the bus at the corner of Memphis and Palmer. The city is truly at your fingertips here! Go on and request a showing while we polish up your new house keys in time for closing. See you then and there!
History of Memphis Flats
In Philadelphia, albeit a big awesome city, and OLD, loft living isn’t as abundant as we wish. Lofts are typically adaptive reuse of former industrial or manufacturing buildings converted to residential living. If/when you can find one of these oddities, they might be in former industrial sites, which don’t usually occur in the center of residential neighbors, except in one instance, Memphis Flats.
According to Wulff Architects Memphis Flats was once a textile complex, “built by former Philadelphia Phillies owner A.J. Reach between the late 19th and early 20th century and served as a sporting goods store and factory that was most noted for being the official manufacturer of the American League’s baseballs from 1876 until 1934. The property was subsequently used by Pepsi-Cola Bottling Company and Nabisco (from where it became affectionately known as the Popcorn Factory). Most recently owned by an automobile tire distributor, the buildings were left as an eyesore and the site a dangerous blight to the neighborhood. With the support of the surrounding community and a vision for urban renewal, a local developer purchased the property, which was in varying degrees of deterioration and improved it over two years. The structures were documented and thoroughly rehabilitated from their foundations to their roofs. These modifications emphasized a contemporary design, while preserving and highlighting the unique historical features of the original structures. The adaptive reuse was completed in 2008 and now houses 72 loft-style dwelling units and an entire floor of commercial, retail, storage and common amenities.”