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.

The listing says you could have four 2,700 square foot houses on the lot, plus plenty of room for a retail rental and apartment building facing the corner. Too much building?

This photo, from the brochure, is taken from Morris but looks to be a little stretched out.
This photo, from the brochure, is taken from Morris but looks to be a little stretched out.

Or you can keep it as is and play with the conveyer belt:

The property also is equipped with steel reinforcements, an elevator, and conveyor belt going to the second floor.

The furniture store, which is still open, does provide a certain level South Philly charm, proving a demand for lucite tabletop sculptures. But even though that is a prime corner, $2.9 million?

24 thoughts on “How about spending $2.9 million for Interior Concepts building?

  • February 17, 2014 at 11:56 am

    As the store’s immediate next door neighbor, I have a serious problem with such a suggestion.

  • February 17, 2014 at 12:05 pm

    I’m sure the immediate neighbors prefer an empty warehouse. Too bad.

  • February 17, 2014 at 12:32 pm

    I don’t mind that the building is for sale. I mind the suggestion that one could easily throw up 4 houses and a storefront when the structure shares a (partially collapsing) wall with a family home.

    • February 21, 2014 at 2:29 pm

      The immediate neighbors prefer something that will be good for us, not give us more headaches, with drunks, traffic and parking….

      You tell them Joanna!

  • February 17, 2014 at 12:41 pm

    Totally worth the price if the building comes with that sweet purple and lucite dining room set in the window. Classy!

  • February 17, 2014 at 1:41 pm

    That’s a spot that is really ripe for promise! It’s a huge chunk of land with many potentials. I’m shocked we haven’t had a Trader Joe’s suggestion yet lol.

    • February 23, 2014 at 6:09 pm

      Actually, now that you say it…

  • February 17, 2014 at 1:42 pm

    Hey moron, this is good for your property…unless your renting, then get the hell out.

  • February 17, 2014 at 10:35 pm

    Looking forward to a new look for east passyunk! Will be great for the neighborhood

  • February 18, 2014 at 9:27 am

    Huge under-utilized piece of land in a prime spot. If there’s a structural issue with the adjoined house I’d assume that any construction, especially after recent incidents, would be having a close eye kept on it. Especially with the neighborhood attention and folks like Albert reporting and the community corps watching over development.

  • February 18, 2014 at 11:20 am

    I’m partial to the rugs that look like stones.

  • February 18, 2014 at 2:20 pm

    How about a parking garage?? Why do more restaurants keep opening in a residential area with absolutely no parking spaces??

    • February 19, 2014 at 9:05 am


      I think that would be a horrible location for a parking garage. That intersection is bad enough as it is, adding a steady stream of cars on/off the streets there would just further complicate things.

      While I acknowledge parking is bad, a garage at a 6-way intersection is NOT the way to go.

      And Passyunk Avenue is a commercial corridor, not a residential corridor. Thats like saying stores shouldn’t open on Walnut Street because people live on adjacent streets.

  • February 18, 2014 at 4:10 pm

    @Megan, yeah! I’m with you! A surface lot would be GREAT!!! The fact that a parking structure would generate little tax revenue is irrelevant, I LIKE paying property tax!! D’OH!!!

    On a serious note, this is great news. That is one of most valuable properties on the Ave and is serisoulsy underutilized. Sorry, Joanna, but one person does not stand in the way of what is best for the entire neighborhood.

    • February 18, 2014 at 8:03 pm

      So a business that has been there for 30 years is an “underutilized property”? Just because you or I would not shop there does not negate its value.

      • February 19, 2014 at 10:29 am

        Yes, Ray, it is underutilized. It’s essentially a wharehouse.

        • February 21, 2014 at 4:26 pm

          And prior to that it was a 5&10….so what’s the point? It has always been a retail space no matter how many people but furniture from them.

  • February 18, 2014 at 4:11 pm

    @Joanna, plus, as was mentioned above, this is only going to have a positive impact on your property. You would be unhappy if the value of YOUR house doubled??

  • February 18, 2014 at 10:18 pm

    I am the listing agent for this excellent opportunity and I also live in the neighborhood. The building is 15,000 sq feet and the structure is solid. If this property was developed it would be a tremendous addition to the East Passyunk Corridor. If anyone is interested or have questions please feel free to contact me. 215. 519. 9388 or

    • February 21, 2014 at 4:27 pm

      Our property values tripled but so did our taxes..we don’t get tax abatement since we have been here keeping this neighbor going all these years!

      Bottom line…we do NOT need more cars, traffic and trash!

      • February 24, 2014 at 8:39 am

        Well cyndyb, you need to be a little more honest. You most certainly received the Homestead and LOOP reductions. You seem to not understand how the Abatement program worked.

        As for more CARS, TRAFFIC, and TRASH! What’s next. GET OFF MY LAWN!!! Seriuoslly there’s no point in discussing anything with you.

  • February 24, 2014 at 12:27 pm

    The City kept calling and sending us LOOP applications even after we told them we hadn’t owned our home long enough to qualify. Certainly someone who’s been in the neighborhood “all these years” must be reaping the benefits of longtime homeownership.

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