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Local 22 415-427 N 5th St 10,506 SF 100% Leased Office Building Philadelphia, PA 19123 For Sale
Investment Highlights
- Positioned in the heart of the vibrant Spring Arts District, offering excellent connectivity to Center City Philadelphia.
- Provides dedicated on-site parking with 28 spaces, enhancing convenience for employees and visitors.
- Located near major thoroughfares, cultural hubs, and a growing arts and entertainment district, creating strong long-term value.
- Zoned CMX3, enabling a versatile mix of commercial, residential, and institutional uses to support future redevelopment potential.
- Exceptional walkability and transit access, with a 100/100 score for both walking and public transportation.
Executive Summary
Gola Corporate Real Estate is pleased to present this unique purchase opportunity in the highly sought-after Spring Arts District of Center City Philadelphia. 415-27 N 5th Street is a +/- .47 AC site with a 10,506 SF existing office and event building with parking on-site that is currently owner occupied.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,506 SF
Building Class
B
Year Built
1979
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,506 SF
Slab To Slab
14’
Building FAR
0.51
Lot Size
0.47 AC
Zoning
CMX3 - zoning district is intended for community commercial mixed-use. This zoning allows for a mix of commercial, residential, and institutional uses.
Parking
28 Spaces (3.22 Spaces per 1,000 SF Leased)
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Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 883008900 | Improvements Assessment | $1,134,560 |
| Land Assessment | $283,640 | Total Assessment | $1,418,200 |
Property Taxes
Parcel Number
883008900
Land Assessment
$283,640
Improvements Assessment
$1,134,560
Total Assessment
$1,418,200
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