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48th St Plaza 309 S 48th St 23,600 SF 100% Leased Retail Building Philadelphia, PA 19143 $10,991,191 CAD ($465.73 CAD/SF)
Investment Highlights
- Can develop further
- Two new apartment complexes surrounding property.
- Parking lot
Executive Summary
Excellent opportunity to take advantage of developments going up all around this asset. Two multi-floor, multi-unit complexes within last two years adding to customer base for the stores in this center. This parcel also has potential for further upward development of residences. Five stable commercial tenants in center, plus parking lot. Tenant income/expense upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
23,600 SF
Building Class
B
Year Built
1940
Price
$10,991,191 CAD
Price Per SF
$465.73 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.73 AC
Zoning
C2, Philadelphia - CMX 3-Commercial, retail, office, multi floor residences.
Parking
20 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 882847800 | Improvements Assessment | $2,210,481 CAD |
| Land Assessment | $552,620 CAD | Total Assessment | $2,763,102 CAD |
Property Taxes
Parcel Number
882847800
Land Assessment
$552,620 CAD
Improvements Assessment
$2,210,481 CAD
Total Assessment
$2,763,102 CAD
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Presented by
Zinberg Group Real Estate
48th St Plaza | 309 S 48th St
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