917-842-1899
1414 S Penn Sq
Philadelphia, PA 19102
Avenue Of The Arts South
HIGHLIGHTS
- Flagship retail opportunity opposite City Hall at the epicenter of Center City
- Located within the luxury Ritz-Carlton Residences and connected to a 299-room Ritz-Carlton Hotel, enhancing prestige and foot traffic
- 100% leased with NNN income in place
- Diverse tenant mix including La Colombe, Palm Vintage Café, and additional retail plus 100+ storage units
- Strong in-place income with projected NOI of ~$340K and 7.5-year weighted average lease term
FOR SALE DETAILS
PRICE
Request Info for Price
# OF UNITS
269
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Ritz-Carlton Commercial Condominiums
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Hi-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
49
YEAR BUILT
1972
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,810 SF
ZONING
CMX-5
APN/PARCEL ID
888094900,888094902,888094904,888094906,888094908,888094910,888094912,888094914,888094916,888094918,888094920,888094922,888094924,888094926,888094928,888094930,888094932,888094934,888094936,888094938,888094940,888094942,888094944,888094946,888094948,888094950,888094952,888094954,888094956,888094958,888094960,888094962,888094964,888094966,888094968,888094970,888094972,888094974,888094976,888094978,888094980,888094982,888094984,888094986,888094988,888094990,888094992,888094994,888094996,888094998,888095000,888095002,888095004,888095006,888095008,888095010,888095012,888095014,888095016,888095018,888095020,888095022,888095024,888095026,888095028,888095030,888095032,888095034,888095036,888095038,888095040,888095042,888095044,888095046,888095048,888095050,888095052,888095054,888095056,888095058,888095060,888095062,888095064,888095066,888095068,888095070,888095072,888095074,888095076,888095078,888095080,888095082,888095084,888095086,888095088,888095090,888095092,888095094,888095096,888095098,888095100,888095102,888095104,888095106,888095108,888095110,888095112,888095114,888095116,888095118,888095120,888095122,888095124,888095126,888095128,888095130,888095132,888095134,888095136,888095138,888095140,888095142,888095144,888095146,888095148,888095150,888095152,888095154,888095156,888095158,888095160,888095162,888095164,888095166,888095168,888095170,888095172,888095174,888095176,888095178,888095180,888095182,888095184,888095186,888095188,888095190,888095192,888095194,888095196,888095198,888095200,888095202,888095204,888095206,888095208,888095210,888095212,888095214,888095216,888095218,888095220,888095222,888095224,888095226,888095228,888095230,888095232,888095234,888095236,888095238,888095240,888095242,888095244,888095246,888095248,888095250,888095252,888095254,888095256,888095258,888095260,888095262,888095264,888095266,888095268,888095274,888095276,888095278,888095280,888095282,888095284,888095286,888095288,888095290,888095292,888095294,888095296,888095298,888095300,888095302,888095304,888095306,888095308,888095310,888095312,888095314,888095316,888095319,888095322,888095324,888095326,888095328,888095330,888095332,888095334,888095336,888095338,888095340,888095342,888095344,888095346,888095348,888095350,888095352,888095354,888095356,888095358,888095360,888095362,888095364,888095366,888095368,888095370,888095372,888095374,888095376,888095378,888095380,888095382,888095384,888095386,888095388,888095390,888095392,888095394,888095396,888095398,888095400,888095402,888095404,888095406,888095408,888095410,888095412,888095414,888095416,888095418,888095421,888095424,888095426,888095428,888095430,888095432,888095434,888095436,888095438,888095440,888095442
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
917-842-1899
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
917-842-1899
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
