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Bankruptcy-Ordered Redevelopment Opportunity 238 N 53rd St 6,336 SF Retail Building Philadelphia, PA 19139 For Sale
Investment Highlights
- Bankruptcy-Ordered Redevelopment Opportunity
- Located at the intersection of North 53rd Street, Vine Street, and North Peach Street in West Philadelphia
- 10,034+/- SF parcel with frontage on three streets
Executive Summary
ONLINE AUCTION ENDS JUNE 25 AT 1:00 PM ET. PRICE DETERMINED AT AUCTION.
Bankruptcy-Ordered Redevelopment Opportunity
10,034+/- SF parcel with frontage on three streets
Located at the intersection of North 53rd Street, Vine Street, and North Peach Street in West Philadelphia
RSA-3 zoning district; existing use believed to be nonconforming
Sold pursuant to Chapter 11 bankruptcy proceedings and subject to Court approval
The property consists of an approximately 6,366± SF three-story building situated on an approximately 10,034± SF parcel featuring frontage on three streets. Constructed circa 1960, the property appears to require substantial rehabilitation and is being sold strictly as-is, where-is, with all faults.
The property is currently zoned RSA-3 Residential District. The existing funeral home use is believed to be nonconforming under current zoning regulations. Buyers are responsible for independently verifying zoning, permitted uses, redevelopment potential, building condition, and all municipal requirements.
Property sells as-is via online auction. Final sale price will be determined through competitive bidding. Sale is being conducted pursuant to Chapter 11 bankruptcy proceedings pending in the U.S. Bankruptcy Court, Middle District of Florida, Case No. 8:26-bk-01636-CPM, In re: RAD Diversified REIT, Inc., et al.
Bid online June 18-25. Price, if posted, is a suggested opening bid. Price determined at auction. See our website at www.Tranzon.com/DG26020 for full terms and conditions.
Bankruptcy-Ordered Redevelopment Opportunity
10,034+/- SF parcel with frontage on three streets
Located at the intersection of North 53rd Street, Vine Street, and North Peach Street in West Philadelphia
RSA-3 zoning district; existing use believed to be nonconforming
Sold pursuant to Chapter 11 bankruptcy proceedings and subject to Court approval
The property consists of an approximately 6,366± SF three-story building situated on an approximately 10,034± SF parcel featuring frontage on three streets. Constructed circa 1960, the property appears to require substantial rehabilitation and is being sold strictly as-is, where-is, with all faults.
The property is currently zoned RSA-3 Residential District. The existing funeral home use is believed to be nonconforming under current zoning regulations. Buyers are responsible for independently verifying zoning, permitted uses, redevelopment potential, building condition, and all municipal requirements.
Property sells as-is via online auction. Final sale price will be determined through competitive bidding. Sale is being conducted pursuant to Chapter 11 bankruptcy proceedings pending in the U.S. Bankruptcy Court, Middle District of Florida, Case No. 8:26-bk-01636-CPM, In re: RAD Diversified REIT, Inc., et al.
Bid online June 18-25. Price, if posted, is a suggested opening bid. Price determined at auction. See our website at www.Tranzon.com/DG26020 for full terms and conditions.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Funeral Home
Building Size
6,336 SF
Year Built
1960
Tenancy
Single
Building Height
3 Stories
Building FAR
0.63
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
RSA3 - Zoning other than Funeral home will require a zoning exception.
Parking
12 Spaces (2.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Exceptionally walkable
100/100
Somewhat drivable
30/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 882006000 | Improvements Assessment | $983,514 CAD |
| Land Assessment | $245,879 CAD | Total Assessment | $1,229,393 CAD |
Property Taxes
Parcel Number
882006000
Land Assessment
$245,879 CAD
Improvements Assessment
$983,514 CAD
Total Assessment
$1,229,393 CAD
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Bankruptcy-Ordered Redevelopment Opportunity | 238 N 53rd St
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