1006-1008 W Lehigh Ave - Medical FOR SALE


Philadelphia, PA 19133
$950,000 USD
215-355-5565
1006-1008 W Lehigh Ave, Philadelphia, PA for Sale
$950,000 USD
Medical - FOR SALE
1/14
null | Request Cap Rate

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1006-1008 W Lehigh Ave
Philadelphia, PA 19133


HIGHLIGHTS

  • heavy vehicle and foot traffic
  • CMX2 zoning
  • previously was a pharmacy and bank

OVERVIEW

Welcome to 1006-8 Lehigh Ave. HUGE 5700 sq ft commercial property in a high traffic location ! The building's bank history is tied to the neighboring Philadelphia Savings Fund Society (PSFS). 1006 's original structure was built in approx 1915 and was the location of the Lehigh Branch of PSFS, which opened between 1923-1924. The PSFS branch was designed by prominent architects such as Horace Trumbauer and remained in use for decades. Property was last used as a large retail pharmacy "Lehigh Pharmacy". CMX-2 zoning commercial multi-tenant opportunity in an historic former bank building at intersection of W. Lehigh and Germantown Avenues. Located close to The Broad Street Line’s North Philadelphia Station, Temple University’s main campus and includes 7 parking spots in parking lot located behind the building. First floor is built out as an operational pharmacy with a managerial office, storage room, employee break room, changing room, additional retail and pharmaceutical space, welcomed with a grand lobby. Another space houses a doctor’s office with waiting room and a vaccination room. Second floor was a former executive suite with floor-to-ceiling windows and high ceilings. There are three office spaces in the rear of the building. Building has tons of character boasting on large Greek pillars and beautiful original rich mahogany-colored hardwood and marble-tiled flooring. Here is your opportunity to own a piece of city history while running your business there. Opportunity to sublease space to offset operational costs with supplemental income in a location which boats of both high vehicle and foot traffic. Make your offer today !

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CMX2

APN/PARCEL ID

882922376

ASK ABOUT THIS PROPERTY

Mike BottaroHomestarr RealtyMore Info
215-355-5565

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Mike BottaroHomestarr RealtyMore Info
215-355-5565

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.