225 N 32nd St
Philadelphia, PA 19104
Drexel Park Assemblage · Terrain À vendre · 0,60 AC

Newmark, as exclusive agent, is pleased to present the opportunity to acquire and redevelop 225-51 N. 32nd Street, 400-04 N 31st Street, and 3103 Baring Street (the “Offering” or “Sites”), three prominently located sites directly adjacent to Drexel Park in the heart of University City. Surrounded by nationally recognized medical and educational institutions and innovation districts and walkable to 30th Street Station and Center City, Philadelphia, the Offering positions investors at the center of sustained growth driven by Drexel University, the University of Pennsylvania, Schuylkill Yards, uCity Square, as well as CHOP, Hospital of the University of Pennsylvania, and Penn Presbyterian.
The Offering comprises three parcels totaling 26,090 square feet:
• 225–51 N 32nd Street is an 18,802 square foot lot improved with a 9,487square foot real estate services building owned by Drexel University. The parcel is zoned I-2, but given the prevalence of mixed-use and residential zoning on surrounding parcels, a new Owner has multiple avenues to pursue a zoning change or variance for 225–51 N 32nd Street.
• 400–04 N 31st Street is a 5,000 square foot lot that houses a 1,914 square foot administrative services building for Drexel University. The adjacent parcel, 3103 Baring Street, is 2,288 square feet. Both parcels are zoned CMX-3 and total 7,288 square feet. The current zoning allows for by-right redevelopment for mixed-use, office, residential, retail, or hospitality uses.