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1950 E Logan St 35,565 SF Industrial Building Philadelphia, PA 19141 $2,500,560 CAD ($70.31 CAD/SF)
Investment Highlights
- Approved for 111 unit redevelopment
- Approved for 10 year tax abatement
Executive Summary
Fantastic development opportunity on the edge of the rapidly improving LaSalle U and Germantown neighborhoods. Approved for 111 apartments with off street parking, this site represents an opportunity to establish a stable and predictable cash flowing asset for years to come in an area poised for substantial growth. Unit mix consists of 71 one bedroom apts, 39 two bedroom apts, 1 three bedroom apt. Total finished square footage to be 85,384sf. A local contraction company currently rents a portion of the site for about $3200 a month which can continue after purchase. Call for details or site tour.
Property Facts
| Price | $2,500,560 CAD | Rentable Building Area | 35,565 SF |
| Price Per SF | $70.31 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1950 |
| Sale Condition | Redevelopment Project | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.12/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 4 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 2.29 AC | ||
| Zoning | R9 | ||
| Price | $2,500,560 CAD |
| Price Per SF | $70.31 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.29 AC |
| Rentable Building Area | 35,565 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Tenancy | Single |
| Parking Ratio | 1.12/1,000 SF |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | R9 |
Amenities
- Fenced Lot
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 884074550 | Improvements Assessment | $701,713 CAD |
| Land Assessment | $300,734 CAD | Total Assessment | $1,002,447 CAD |
Property Taxes
Parcel Number
884074550
Land Assessment
$300,734 CAD
Improvements Assessment
$701,713 CAD
Total Assessment
$1,002,447 CAD
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1950 E Logan St
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