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Tag Archives | 1701 E. Passyunk Ave.

What's Happening in:  East Passyunk Crossing 

Rumor Mill: Has the Interior Concepts building been sold for $2.3 million?

Last week we told you that Interior Concepts at 1701 E. Passyunk Ave. is planning to close. While some were skeptical about about the validity of the “store closing” signs, some sources tell us that the building has been sold.

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According to Interior Concepts’ owner, Mark Leon, the building was sold about two months ago and that he plans to close in May. So how much did this prime location on East Passyunk Avenue sell for?

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What's Happening in:  East Passyunk Crossing 

How about spending $2.9 million for Interior Concepts building?

The large corner building at Passyunk and Morris that houses the Interior Concepts furniture store has come onto the market for $2.9 million.

And the listing suggests tearing the sucker down and building a taller mixed-use building plus four townhouses at the back of it.

Worth almost $3 million?

Worth almost $3 million?

The listing by Coldwell Banker Preferred tries to make the case for the asking price:

Situated in the best possible location in East Passyunk, this building sits on a lot that is 6,716 sq. ft. and is zoned CMX-2.5 allowing for building heights of 55 feet. The current building has over 57 feet of window frontage on this bustling section of Passyunk Ave. spanning over three addresses and also has a depth of 116’ feet on Morris St.

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