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3141 Frankford Ave 23,956 SF 100% Leased Retail Building Philadelphia, PA 19134 $3,350,000 ($139.84/SF)
EXECUTIVE SUMMARY
3141–59 Frankford Avenue is a ±26,966 SF multi-tenant urban retail strip center with on-site parking, situated on a ±49,930 SF parcel with 184 feet of frontage. The property is zoned CMX-2, supporting a variety of neighborhood retail and commercial uses. Currently 54% occupied with ±11,120 SF vacant, the center presents an opportunity to add value through lease-up and repositioning.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
23,956 SF
Building Class
C
Year Built
1980
Price
$3,350,000
Price Per SF
$139.84
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.48
Lot Size
1.15 AC
Zoning
CMX2 - Neighborhood Commercial Mixed-Use Districts
Parking
50 Spaces (2.09 Spaces per 1,000 SF Leased)
Frontage
184’ on Frankford Ave
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 882047500 | Improvements Assessment | $1,898,400 |
| Land Assessment | $474,600 | Total Assessment | $2,373,000 |
PROPERTY TAXES
Parcel Number
882047500
Land Assessment
$474,600
Improvements Assessment
$1,898,400
Total Assessment
$2,373,000
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