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- LoopNet Team
231-235 N 2nd St
Philadelphia, PA 19106
Old City Parkominium · Specialty Property For Sale
·
12,835 SF
Investment Highlights
- Old City is the touristic heart of Philadelphia
- Easy access to 95 and Ben Franklin Bridge
- 7 covered parking floors with one open air roof level
Property Facts
| Property Type | Specialty | Building Size | 12,835 SF |
| Property Subtype | Parking Garage | No. Stories | 7 |
| Building Class | B | Year Built | 2006 |
| Lot Size | 0.13 AC | Parking Ratio | 0.55/1,000 SF |
| Zoning | CMX-3 - intended for community commercial mixed-use. This zoning allows for a mix of commercial, residential, and institutional uses. | ||
| Property Type | Specialty |
| Property Subtype | Parking Garage |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 12,835 SF |
| No. Stories | 7 |
| Year Built | 2006 |
| Parking Ratio | 0.55/1,000 SF |
| Zoning | CMX-3 - intended for community commercial mixed-use. This zoning allows for a mix of commercial, residential, and institutional uses. |
Amenities
- Property Manager on Site
- On-Site Security Staff
About 231-235 N 2ND ST , PHILADELPHIA, PA 19106
Opportunity to acquire a significant share with majority control of deeded parking spaces within a condo parking garage in Old City, Philadelphia. With ownership of approximately 195 out of the total 281 spaces, a majority owner could have the authority to manage the garage's operations, establishing an income stream of both monthly and transient/daily customers and, if preferred, hiring a third-party management company. This kind of ownership could be highly valuable, especially in a historic neighborhood with limited parking availability. Bulk Price for 195 spaces = approx $4,3M
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,543,300 | |
| Land Assessment | $1,063,700 | Total Assessment | $3,607,000 |
Property Taxes
