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- LoopNet Team
509 Vine St
Philadelphia, PA 19106
The Lofts at 509 Vine · Multifamily Property For Sale
·
45 Units
PROPERTY FACTS
| No. Units | 45 | Building Size | 66,416 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1929/2003 |
| Building Class | A | Parking Ratio | 0.59/1,000 SF |
| Lot Size | 0.46 AC | Cross Streets | N Randolph St |
| Zoning | CMX-3 | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.46 AC |
| Building Size | 66,416 SF |
| Average Occupancy | 98% |
| No. Stories | 6 |
| Year Built/Renovated | 1929/2003 |
| Parking Ratio | 0.59/1,000 SF |
| Cross Streets | N Randolph St |
| Zoning | CMX-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Sprinkler System
- Stainless Steel Appliances
- Views
- Wi-Fi
- Recreation Room
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Fitness Center
ABOUT 509 VINE ST , PHILADELPHIA, PA 19106
THE BUILDING: 509 Vine Street, a 6-level plus lower level structure with a gross building area of 66,416 SF, is a classic historic concrete industrial manufacturing building with mushroom columns, high ceilings and large windows. Built in 1923, the building was originally home to "Boekel Scientific" a company that manufactures scientific equipment such as microscopes and alike. The front of the building still bears the name "Boekel Building." THE LOT: In addition to the building, this offering includes an 11,477 SF adjacent lot (The Wood Street Site) zoned CMX-3 directly across the street on two sides from Wood Street Park, a large protected green zone that is landscaped with a walking path. The Wood Street Site's highest and best use is as a ground-up development site for either apartments or condominiums. The Wood Street Site is currently paved, striped and used to park 39 cars. THE LOCATION: The Properties are remarkably well-situated. As a standalone site surrounded on three sides by protected open green space, the Properties afford amazing unobstructed light, air and views. The Properties sit at the city's gateway where the Benjamin Franklin Bridge and Philadelphia meet.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 29 | - | 747 - 1,302 |
| 2+2 | 15 | - | 1,100 - 1,494 |
PROPERTY TAXES
| Parcel Number | 881006319 | Improvements Assessment | $5,810,000 |
| Land Assessment | $2,786,500 | Total Assessment | $8,596,500 |
PROPERTY TAXES
