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223 S 45th St
Philadelphia, PA 19104
Retail Property For Sale


Executive Summary
223 S. 45th Street offers investors the opportunity to acquire a well-located asset in Philadelphia’s highly desirable University City submarket. Situated in the Spruce Hill neighborhood, the property benefits from immediate proximity to the University of Pennsylvania and Drexel University, driving consistent rental demand from students, faculty, and young professionals. Fully occupied with 5-units including (1) studio/1 bathroom, (2) 1 bedroom/1 bathroom; (1) 2 bedroom/2 bathroom); and (1) 3 bedroom/3 bathroom. Investment highlights include: University City location with durable rental demand; Walkable to parks, retail, and dining amenities; Strong transit connectivity to Center City and major employment hubs; and Stable cash flow and long-term appreciation in one of Philadelphia’s most resilient rental markets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,430 SF
Building Class
C
Year Built/Renovated
1935/2016
Price
$1,772,594 CAD
Price Per SF
$729.46 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.19
Lot Size
0.05 AC
Zoning
CMX2
Frontage
20’ on 45th St
Property Taxes
| Parcel Number | 871127150 | Improvements Assessment | $401,510 CAD |
| Land Assessment | $100,377 CAD | Total Assessment | $501,887 CAD |
Property Taxes
Parcel Number
871127150
Land Assessment
$100,377 CAD
Improvements Assessment
$401,510 CAD
Total Assessment
$501,887 CAD
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