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1139 E Luzerne St 4,800 SF 100% Leased Office Building Philadelphia, PA 19124 $550,000 ($114.58/SF)


Executive Summary
Prime development opportunity in a rapidly improving corridor. This 4,800 SF parcel, formerly utilized as a medical office with on-site parking, offers excellent potential for investors, developers, or owner-users. Zoned CMX-2, the property allows for a wide range of commercial and mixed-use possibilities including retail, office, medical, multi-family, or mixed-use redevelopment (buyer to verify zoning and use). The existing parking lot provides valuable off-street parking or a clean slate for new construction. Strategically located with strong neighborhood density, public transportation access, and proximity to major corridors. Ideal for neighborhood-serving retail, professional office space, or residential-over-commercial development. Bring your vision and capitalize on the flexibility this zoning provides.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,800 SF
Building Class
C
Year Built
1980
Price
$550,000
Price Per SF
$114.58
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,800 SF
Building FAR
0.42
Lot Size
0.26 AC
Zoning
CMX2 - commercial
Parking
16 Spaces (3.33 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 883363700 | Improvements Assessment | $350,000 |
| Land Assessment | $87,500 | Total Assessment | $437,500 |
Property Taxes
Parcel Number
883363700
Land Assessment
$87,500
Improvements Assessment
$350,000
Total Assessment
$437,500
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1139 E Luzerne St
