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Bankruptcy-Ordered Redevelopment Opportunity 238 N 53rd St 6,336 SF Retail Building Philadelphia, PA 19139 For Sale
Investment Highlights
- Bankruptcy-Ordered Redevelopment Opportunity
- Located at the intersection of North 53rd Street, Vine Street, and North Peach Street in West Philadelphia
- 10,034+/- SF parcel with frontage on three streets
Executive Summary
ONLINE AUCTION ENDS JUNE 25 AT 1:00 PM ET. PRICE DETERMINED AT AUCTION.
Bankruptcy-Ordered Vine Street Redevelopment Opportunity, Philadelphia, PA
• OPENING BID: $100,000
• 10,034± SF corner parcel with frontage on three streets in West Philadelphia
• Located at the intersection of Vine Street, North 53rd Street, and North Peach Street
• Approx. 6,366± SF three-story existing building
• Strong visibility and access with frontage on three streets
• Located within an RSA-3 zoning district
• Existing structure may present adaptive reuse or redevelopment potential subject to buyer approvals
• Sold pursuant to Chapter
The property consists of an approximately 6,366± SF three-story building situated on an approximately 10,034± SF parcel in West Philadelphia. Located along Vine Street with frontage on three streets, the property presents a potential opportunity for redevelopment, repositioning, or adaptive reuse.
Constructed circa 1960, the property is being sold as-is, where-is, with all faults. Buyers are responsible for independently verifying zoning, permitted uses, redevelopment potential, building condition, and all municipal requirements.
Property sells via online auction. Final sale price will be determined through competitive bidding. Opening bid is $100,000. Sale is being conducted pursuant to Chapter 11 bankruptcy proceedings pending in the U.S. Bankruptcy Court, Middle District of Florida, Case No. 8:26-bk-01636-CPM, In re: RAD Diversified REIT, Inc., et al.
Bid online June 18-25. Price, if posted, is a suggested opening bid. Price determined at auction. See our website at www.Tranzon.com/DG26020 for full terms and conditions.
Bankruptcy-Ordered Vine Street Redevelopment Opportunity, Philadelphia, PA
• OPENING BID: $100,000
• 10,034± SF corner parcel with frontage on three streets in West Philadelphia
• Located at the intersection of Vine Street, North 53rd Street, and North Peach Street
• Approx. 6,366± SF three-story existing building
• Strong visibility and access with frontage on three streets
• Located within an RSA-3 zoning district
• Existing structure may present adaptive reuse or redevelopment potential subject to buyer approvals
• Sold pursuant to Chapter
The property consists of an approximately 6,366± SF three-story building situated on an approximately 10,034± SF parcel in West Philadelphia. Located along Vine Street with frontage on three streets, the property presents a potential opportunity for redevelopment, repositioning, or adaptive reuse.
Constructed circa 1960, the property is being sold as-is, where-is, with all faults. Buyers are responsible for independently verifying zoning, permitted uses, redevelopment potential, building condition, and all municipal requirements.
Property sells via online auction. Final sale price will be determined through competitive bidding. Opening bid is $100,000. Sale is being conducted pursuant to Chapter 11 bankruptcy proceedings pending in the U.S. Bankruptcy Court, Middle District of Florida, Case No. 8:26-bk-01636-CPM, In re: RAD Diversified REIT, Inc., et al.
Bid online June 18-25. Price, if posted, is a suggested opening bid. Price determined at auction. See our website at www.Tranzon.com/DG26020 for full terms and conditions.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Funeral Home
Building Size
6,336 SF
Year Built
1960
Tenancy
Single
Building Height
3 Stories
Building FAR
0.63
Lot Size
0.23 AC
Opportunity Zone
Yes
Zoning
RSA3
Parking
12 Spaces (2.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Exceptionally walkable
100/100
Somewhat drivable
30/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 882006000 | Improvements Assessment | $712,800 |
| Land Assessment | $178,200 | Total Assessment | $891,000 |
Property Taxes
Parcel Number
882006000
Land Assessment
$178,200
Improvements Assessment
$712,800
Total Assessment
$891,000
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Bankruptcy-Ordered Redevelopment Opportunity | 238 N 53rd St