This Red Lobster property is located at 1 Baltimore Pike in Springfield, Pennsylvania. Springfield is a township in Delaware County, Pennsylvania. Springfield is a suburb of Philadelphia, located about ten miles west of the city. In the past century, all of Springfield's farmland was slowly bought up by developers who turned Springfield into the town it is today, that is, largely comprising developments of standard suburban single-family homes and various retail areas. The subject property is well-positioned in a dense retail corridor, benefitting from its proximity to major national and local retailers. Major national retailers in the area include: Babies “R” Us, Best Buy, Enterprise, Sprint, Shell, CVS Pharmacy, Dunkin Donuts, Domino’s Pizza, Ford, Lincoln, Miller’s Ale House, Walgreens, Wawa, KFC, McDonald’s, PetSmart, Modell’s Sporting Goods, Acme Market, The Home Depot, Sleepy’s, La-Z-Boy, JiffyLube, Mitsubishi, Kia, Chuck E. Cheese’s, Party City, Burger King, Kohl’s, Michaels, and many others. Philadelphia is the largest city in the Commonwealth of Pennsylvania and the fifth-most-populous in the United States. It is the economic and cultural anchor of the Delaware Valley. The area's many universities and colleges make Philadelphia a top international study destination, as the city has evolved into an educational and economic hub. With a gross domestic product of $388 billion, Philadelphia ranks ninth among world cities and fourth in the nation. The 67 National Historic Landmarks in the city helped account for the $10 billion generated by tourism. Philadelphia's economic sectors include information technology, manufacturing, oil refining, food processing, health care, biotechnology, tourism, and financial services. Financial activities account for the largest sector of the metropolitan area's economy, and it is one of the largest health education and research centers in the United States.
| Parcel Number | 42-00-00367-00 | Improvements Assessment | $2,800,000 |
| Land Assessment | $900,000 | Total Assessment | $3,700,000 |
Building Photo
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