1325 S 33rd St
Philadelphia, PA 19146
Land For Sale · 0.33 AC

Four-story multi-tenant office building at 1325-49 S 33rd Street. The 43,847 SF building sits on 14,254 SF parcel the northeast corner of S 33rd Street and Reed Street in the center of the Grays Ferry neighborhood. The building, fully renovated in 2014, is currently fully tenanted with in-place income. With the full renovation, the current owners planned for a possible expansion that would see an additional 3,371 SF to the building by adding a fifth floor with an upper-level mezzanine area. The new space would be able to accommodate both professional and medical office tenants. Boasting two frontages — 109’ on Reed Street and 140’ on S. 33rd Street — this site is situated in an opportune location in the Grays Ferry neighborhood of South Philadelphia that has easy access to I-76 going both directions, UPenn, Drexel, and Center City. The site is zoned CMX-3 and is located within a Qualified Opportunity Zone. Also for sale is a 8,741 SF piece of developable land on the corner of 32nd & Reed that is currently being used as an non-monitored, unpaved, ungated 25-space parking lot. (A couple of tenants of 32nd & Reed have official access to this as part of their leases). It can continue to be utilized as a parking lot. With improvements to the lot such as paving and gating, a buyer can create an income-producing paid parking lot. The land could also be developed into a multi-family or mixed-use project, maximizing unit density per zoning.