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4969 Wakefield Street, Philadelphia, PA

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4969 Wakefield Street

Philadelphia, PA 19144 - Northwest Philadelphia Submarket

(100.0 KB)

Property Type:Specialty Sub Type:Correctional Facility Status:Proposed Year Built:-
Stories:2 Typical Floor:- Building Size:17,536 SF
For Sale Price:$550,000 Price/SF:$31.36
Cap Rate:-
Parking:30 Surface spaces are available
17,536 SF is available to occupy upon purchase.


Owner has building permit in hand for renovation of a 36 bed penal facility. Owner will renovate to construction document/building permit approval. The building will be rehabilitated and converted to an institutional use with two attached units. Each unit is 2000 square feet to be used as expansion or separate rentals. Approximately $900,000 will reportedly be invested in the rehabilitation program excluding $50,000 for the commercial kitchen equipment.

Current Use:
Garage/Specialty Building
Three story institutional building with two attached contractor garages. Buildings have 2 separate street entrances with parking.

Propose Use:
Building Zoning Approval with Building Permit Approval in place since 07-2011 for a PRIVATE PENAL FACILITY TO INCLUDE THIRTY-SIX (36) RESIDENTS, STAFF ROOMS, KITCHEN AND ACC. PREP / SERVE OF FOOD


PhillyOfficeRetail.com
Stanley Smith
(215) 848-1133 x206




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