south 3rd street portfolio 2018. 10. 17.¢  3rd & jackson st portfolio portfolio...

Download South 3rd Street Portfolio 2018. 10. 17.¢  3rd & Jackson St Portfolio Portfolio Information Portfolio

Post on 22-Aug-2020

8 views

Category:

Documents

1 download

Embed Size (px)

TRANSCRIPT

  • 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

  • 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.

  • 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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

  • Brendan Flynn 215-561-6565 x152

    bflynn@flynnco.com

    Brian Urban 215-561-6565 x155

    burban@flynnco.com

    3rd & Jackson Portfolio Mike Gallagher

    215-561-6565 x151 mgallagher@flynnco.com

    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