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4621-4627 Frankford Ave 12,212 SF 26% Leased Office Building Philadelphia, PA 19124 For Sale
Investment Highlights
- Truist Bank recently renewed and currently occupies 3,137 RSF on the first floor operating as a retail branch
- Vacant office space available in the basement, first floor, and second floor; measuring 9,075 RSF
- Four (4) additional parcels used for parking is included in sale; 4608-4614 Paul St
- Retail space includes a built-in safe
- Fenced-in parking in the rear of the property
Executive Summary
Located in the Northeast section of Philadelphia, 4621-4627 Frankford Ave is a two-story mixed-use retail and office building ready for a user, investor, or developer. The property is anchored by the retail tenant, Truist Bank, located on the corridor of Frankford Ave directly adjacent to the Market-Frankford subway line.
Truist Bank currently occupies 3,137 RSF on the first floor operating as a retail branch with safe. Vacant office space available in the basement, first floor, and second floor; measuring ±9,075 SF; formerly occupied by a non-profit organization. The rear of building is fenced for secured parking. This sale includes extended parking lots located at 4608-4614 Paul St, measuring an additional ±8,183 SF.
Truist Bank currently occupies 3,137 RSF on the first floor operating as a retail branch with safe. Vacant office space available in the basement, first floor, and second floor; measuring ±9,075 SF; formerly occupied by a non-profit organization. The rear of building is fenced for secured parking. This sale includes extended parking lots located at 4608-4614 Paul St, measuring an additional ±8,183 SF.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
12,212 SF
Building Class
C
Year Built
1925
Percent Leased
26%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,373 SF
Building FAR
0.36
Lot Size
0.78 AC
Opportunity Zone
Yes
Zoning
CMX-2 - CMX-2: Neighborhood-serving retail and service uses, including pedestrian friendly retail commercial corridors.
Amenities
- Banking
- Bus Line
- Fenced Lot
- Metro/Subway
- Storage Space
- Plug & Play
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Truist Bank
- Retailer
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Truist Bank | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
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Very walkable
80/100
Very drivable
80/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 882963500 | Improvements Assessment | $1,299,360 |
| Land Assessment | $324,840 | Total Assessment | $1,624,200 |
Property Taxes
Parcel Number
882963500
Land Assessment
$324,840
Improvements Assessment
$1,299,360
Total Assessment
$1,624,200
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