UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 34,907 sqft
Price per Sqft $150
Subdivision West Philadelphia
MLS Listing ID PAPH2494210
Year Built 1915
Available Date 2025-06-27
Annual Tax Amount $25,889
Tax Year 2024
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 36.00 x 40.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
INTRODUCING: The West Philly Park Portfolio — a rare opportunity to acquire up to thirty-nine (39) total units offering an in-place 9.5% stabilized cap rate, located just outside of University City — one of the most dynamic growth corridors in the United States. Situated within a Top-10 MSA for both population and life sciences, this portfolio lies in the heart of Philadelphia's renowned “Eds & Meds” economy, surrounded by billions of dollars in active development. Nearby anchors include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak's 30th Street Station.
The portfolio spans ten (10) properties totaling approximately ±35,000 square feet, concentrated within a walkable five-block stretch along the high-traffic 52nd Street corridor, between Market Street and Larchwood Avenue. Each building features a mix of ground-floor commercial units with residential apartments above, many of which were comprehensively renovated in the early 2020s. Upgrades include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, modern fire and sprinkler systems, central air, and contemporary finishes throughout.
The offering includes multiple park-front, corner, and contiguous parcels, with strong tenant demand driven by proximity to the University of Pennsylvania, Drexel University, and leading healthcare and innovation institutions. This is a rare chance to acquire turnkey assets in one of Philadelphia's most promising submarkets.
Detailed financials available upon request.
Properties Included:
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Plank
Heat Source Electric
Exterior
Water Access N
View Park/Greenbelt, City
Accessibility None
Garage N
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Private Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881215261
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "
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