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735 Sansom St
Philadelphia, PA 19106
2 Apartment Units & 1,000 SF Retail Space · Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Boutique Value Add Opportunity: Reposition the Apartment Units by Upgrading Finishes
- In The Middle of it All: Prime Location in the Heart of Historic Jewelers’ Row
- Proximity to Award-Winning Restaurants: Walk to Acclaimed Eateries in Old City and Midtown Village in Minutes
- Prime Retail Location: Street-Level Retail in the Middle of Jewelers’ Row District
- Class A Rents Pushing Jewelers’ Row Market: Pearl Properties set to Develop Class A Apartments Resetting the Ceiling on Rents
- Access to Public Transportation: Short Walk to the SEPTA’s Regional Rail Station at 8th and Market Streets; Steps to Numerous Bus Routes
EXECUTIVE SUMMARY
Global Real Estate Advisors (GREA) extends to well-qualified investors the unique opportunity to acquire the fee simple interest in 735 Sansom Street in Philadelphia, Pennsylvania (the “Property” or “Asset”). The Property features (2) two-bedroom/one-bath apartment units and 1,000 square feet of prime street-level commercial space in the heart of Jewelers Row.
735 Sansom sits in a historic location, comprised of (2) two-bedroom apartment units, prime for repositioning. New ownership can replace the kitchens, bathrooms, and flooring to achieve significant rental premiums over current in-place rents.
Furthermore, the 700 block of Sansom Street has been known as Jewelers Row for decades. The 1,000 square foot street retail space has been home to numerous successful jewelry businesses and is surrounded by Philadelphia’s legends of the diamond trade. New ownership can quickly move their own business in or rent to one of the many entrepreneurs looking to expand their business.
Current and future tenants live in the middle of it all on Sansom Street, a thriving retail corridor undergoing a transformation. Pearl Properties is set to build a Class A residential tower on the corner of 7th and Sansom Streets, which will bring new blood to a block rich with history.
The Property is transit-oriented, located minutes from major thoroughfares including I-76, I-676, and I-95, providing unparalleled access to the Philadelphia MSA. Furthermore, the SEPTA regional rail station at 8th and Market Streets is a short walk, carrying commuters into Center City, University City, and the Philadelphia Suburbs via the Market-Frankford Train Line.
Tenants at 735 Sansom enjoy all that Center City Philadelphia has to offer without compromise.
735 Sansom sits in a historic location, comprised of (2) two-bedroom apartment units, prime for repositioning. New ownership can replace the kitchens, bathrooms, and flooring to achieve significant rental premiums over current in-place rents.
Furthermore, the 700 block of Sansom Street has been known as Jewelers Row for decades. The 1,000 square foot street retail space has been home to numerous successful jewelry businesses and is surrounded by Philadelphia’s legends of the diamond trade. New ownership can quickly move their own business in or rent to one of the many entrepreneurs looking to expand their business.
Current and future tenants live in the middle of it all on Sansom Street, a thriving retail corridor undergoing a transformation. Pearl Properties is set to build a Class A residential tower on the corner of 7th and Sansom Streets, which will bring new blood to a block rich with history.
The Property is transit-oriented, located minutes from major thoroughfares including I-76, I-676, and I-95, providing unparalleled access to the Philadelphia MSA. Furthermore, the SEPTA regional rail station at 8th and Market Streets is a short walk, carrying commuters into Center City, University City, and the Philadelphia Suburbs via the Market-Frankford Train Line.
Tenants at 735 Sansom enjoy all that Center City Philadelphia has to offer without compromise.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,587 SF
Building Class
C
Year Built
1985
Price
$1,290,000
Price Per SF
$281.23
Cap Rate
6.50%
NOI
$83,850
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.35
Lot Size
0.03 AC
Zoning
CMX-5
Frontage
20’ on Sansom St
PROPERTY TAXES
| Parcel Number | 882603100 | Improvements Assessment | $600,000 |
| Land Assessment | $150,000 | Total Assessment | $750,000 |
PROPERTY TAXES
Parcel Number
882603100
Land Assessment
$150,000
Improvements Assessment
$600,000
Total Assessment
$750,000
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