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309 S 48th St
Philadelphia, PA 19143
48th St Plaza · Retail Property For Sale
Investment Highlights
- Can develop further
- Two new apartment complexes surrounding property.
- Parking lot
Executive Summary
Excellent opportunity to take advantage of developments going up all around this asset. Two multi-floor, multi-unit complexes within last two years adding to customer base for the stores in this center. This parcel also has potential for further upward development of residences. Five stable commercial tenants in center, plus parking lot. Tenant income/expense upon request.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
23,600 SF
Building Class
B
Year Built
1940
Price
$7,900,000
Price Per SF
$334.75
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
0.73 AC
Zoning
C2, Philadelphia - CMX 3-Commercial, retail, office, multi floor residences.
Parking
20 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 882847800 | Improvements Assessment | $1,588,800 |
| Land Assessment | $397,200 | Total Assessment | $1,986,000 |
Property Taxes
Parcel Number
882847800
Land Assessment
$397,200
Improvements Assessment
$1,588,800
Total Assessment
$1,986,000
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48th St Plaza | 309 S 48th St