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5040 Belfield
Philadelphia, PA 19141
Retail Property For Sale
Executive Summary
Keller Williams Commercial is pleased to market the sale of 5040 Belfield a 51,045sf lot located in the Olney neighborhood of Philadelphia. This lot is favorable zoned as CMX-2 which is primed for a mixed use or multifamily development project. With the property being on a corner, a developer will be able to build on 80% of the lot and up to 85 residential units but only up to 38ft high. There are several additional incentives to increase unit count as well.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,278 SF
Building Class
C
Year Built
1950
Price
$1,483,823 CAD
Price Per SF
$1,161.05 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.03
Lot Size
1.17 AC
Zoning
CMX2 - CMX-2 zoning in Philadelphia is a neighborhood commercial mixed-use district that allows for a range of commercial and mixed-use development
Parking
20 Spaces (15.65 Spaces per 1,000 SF Leased)
Frontage
37’ on Belfield Ave
Amenities
- Fenced Lot
- Signage
Property Taxes
| Parcel Number | 882971017 | Improvements Assessment | $455,072 CAD |
| Land Assessment | $113,768 CAD | Total Assessment | $568,840 CAD |
Property Taxes
Parcel Number
882971017
Land Assessment
$113,768 CAD
Improvements Assessment
$455,072 CAD
Total Assessment
$568,840 CAD
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