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1238 Spring Garden St 3,142 SF 100% Leased Retail Building Philadelphia, PA 19123 $905,171 CAD ($288.09 CAD/SF)
Investment Highlights
- Heavy daytime traffic
- Commercial and resident
- Center City
Executive Summary
Great Investment or Owner-User Opportunity in Center City
Excellent mixed-use investment or owner-user opportunity located at the corner of 13th Street and Spring Garden Street, offering convenient access to Center City, major destinations, restaurants, shopping, transportation, and neighborhood amenities. Spring Garden continues to benefit from strong residential and mixed-use development activity.
The property was previously used for wholesale/retail purposes on the first floor and a beauty school on the upper level. The upper floor is currently vacant, providing an opportunity for an investor or owner-user to explore redevelopment possibilities, including potential residential use, subject to zoning, permits, and applicable approvals.
Excellent mixed-use investment or owner-user opportunity located at the corner of 13th Street and Spring Garden Street, offering convenient access to Center City, major destinations, restaurants, shopping, transportation, and neighborhood amenities. Spring Garden continues to benefit from strong residential and mixed-use development activity.
The property was previously used for wholesale/retail purposes on the first floor and a beauty school on the upper level. The upper floor is currently vacant, providing an opportunity for an investor or owner-user to explore redevelopment possibilities, including potential residential use, subject to zoning, permits, and applicable approvals.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,142 SF
Building Class
C
Year Built
1925
Price
$905,171 CAD
Price Per SF
$288.09 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.40
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
CMX2.5 - Vacant Retail and school ; Zone Commercial and residential
Frontage
20’ on Spring Garden St
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 871509690 | Improvements Assessment | $744,189 CAD |
| Land Assessment | $186,047 CAD | Total Assessment | $930,237 CAD |
Property Taxes
Parcel Number
871509690
Land Assessment
$186,047 CAD
Improvements Assessment
$744,189 CAD
Total Assessment
$930,237 CAD
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1238 Spring Garden St
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