Transcript
Page 1: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

South Philadelphia 3rd & Jackson Street

16,500 SF Available on 0.39 Acres – South 3rd Street Portfolio For Additional Information:

The Flynn Company (215) 561-6565

www.flynnco.com

Page 2: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

3rd & Jackson St Portfolio Portfolio Information Portfolio Description

Asking Price $4,250,000.00

Acres 0.39

Location Whitman neighborhood of South Philadelphia. The five properties are located along S 3rd Street encompassing

Cantrell, Mifflin, Jackson and Tree Streets.

Current Use Offices, education/training facility and vacant lot

County Philadelphia

Parcel ID: 2150 S 3rd St 2149 S 3rd St 2201 S 3rd St 2213 S 3rd St 300 Cantrell St

88-3-5334-00 88-3-5334-05 88-3-5334-10 39-13449-00 77-1-1621-00

Zoning RSA-5

Street Frontages 70’ along Winton St 15’ along Cantrell St

59’ along Tree St 250’ along Jackson St

214’ along S 3rd St

2150 S 3rd St

300 Cantrell St

2149 S 3rd St

2201 S 3rd St 2213 S 3rd St

Addresses Land SF Building SF

2150 S 3rd St 12,942 SF 10,574 SF

2201 S 3rd St 1,308 SF 2,878 SF

2149 S 3rd St 1,089 SF 1,753 SF

2213 S 3rd St 1,044 SF N/A

300 Cantrell St 672 SF 1,207 SF

Total 17,055 16,412

2018 Real Estate Taxes

Since current ownership is a 501C3 non-profit leasing to an existing school, Real Estate taxes had been abated, but market value and Real

Estate taxes are currently being reviewed by the Office of Property Assessment.

Page 3: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

3rd & Jackson St Portfolio Portfolio Information Tax Map

2150 S 3rd St

Addresses Land SF Building SF

2150 S 3rd St 12,942 SF 10,574 SF

2201 S 3rd St 1,308 SF 2,878 SF

2149 S 3rd St 1,089 SF 1,753 SF

2213 S 3rd St 1,044 SF N/A

300 Cantrell St 672 SF 1,207 SF

Page 4: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

3rd & Jackson St Portfolio Property Description

2150 S 3rd St

2149 S 3rd St

• 2150 S 3rd Street - The existing education, office and conference facility for IBEW 98 and their apprenticeship program is 10,574 SF on 12,942 SF of land. Currently zoned RSA-5 with 3 street frontages.

• 2149 S 3rd Street – Corner property with 2 street frontages has been recently renovated for the existing law firm office. 1,753 SF building on 1,089 SF of land and current rents are approximately $2,000 per month.

Page 5: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

3rd & Jackson St Portfolio Property Description

2201 S 3rd St

2213 S 3rd St

• 2201 S 3rd Street – Corner property with 2 street frontages has been recently renovated. The 2,878 SF building is currently leased to a doctor’s office and is located on 1,308 SF of land. Current rents are approximately $2,500 per month.

• 2213 S 3rd Street – Vacant lot with 2 street frontages totaling 1,044 SF. Currently zoned RSA-5.

Page 6: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

3rd & Jackson St Portfolio Property Description

300 Cantrell St • 300 Cantrell Street – Recently renovated office building with rooftop solar panels. The property is approximately 1,207 SF on 1,089 SF of land generating $1,250 per month from a lease with a national business union.

Page 7: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

3rd & Jackson St Portfolio Zoning

South Philadelphia property values continue to rise as a result from the growth and success of Center City and its immediate neighborhoods. New residential construction, rehabilitated properties, the increase in food and beverage operators and the accessibility to I-95 and South Broad Street have caught the interest and demand of Millennials and Empty-nesters. This precedent provides a great value add opportunity for the RSA-5 zoned South 3rd Street Portfolio.

Page 8: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

3rd & Jackson St Portfolio Site Aerial

Mifflin Square Park

Murphy Recreation Center

John H. Taggart School

Jackson St

S 3

rd S

t

Snyder Ave

Oregon Ave

George W. Sharswood

School

Whitman Library & Burke Playground

Site

Page 9: South 3rd Street Portfolio · 2018. 10. 17. · 3rd & Jackson St Portfolio Portfolio Information Portfolio Description Asking Price $4,250,000.00 Acres 0.39 Location Whitman neighborhood

Brendan Flynn 215-561-6565 x152

[email protected]

Brian Urban 215-561-6565 x155

[email protected]

3rd & Jackson Portfolio Mike Gallagher

215-561-6565 x151 [email protected]

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof, and same is subject to errors, omissions, change of price, prior sale, lease, financing, withdrawal without notice or other conditions.

For Additional Information: The Flynn Company

(215) 561-6565 www.flynnco.com


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