220-222 Church St - Apartments FOR SALE


Philadelphia, PA 19106- Old City
$12,000,000 USD
610-606-1095
220-222 Church St, Philadelphia, PA for Sale
$12,000,000 USD
Apartments - FOR SALE
1/68
null | Request Cap Rate

220-222 Church St
Philadelphia, PA 19106
Old City


HIGHLIGHTS

  • PRIME CENTRAL OLD CITY LOCATION - TOP 10 USA MSA
  • HISTORIC APARTMENT BUILDING W/ HIGH HISTORICAL OCCUPANCY
  • ±20% RENTAL UPSIDE
  • OVERSIZED, SPACIOUS UNITS
  • GROUND-FLOOR COMMERCIAL ANCHORS
  • AMERICA'S MOST HISTORIC MILE

OVERVIEW

222 Church Street in Old City represents one of the finest multifamily acquisitions available in the Greater Philadelphia marketplace, standing tall and proud, boasting forty-five (45) units with a stately redbrick facade in Philly’s most historic district. Anchored by three (3) ground floor commercial spaces which activate the streetscape, the location at 2nd and Market cannot be replicated — this is irreplaceable commercial real estate in a Top-10 USA MSA — the #1 destination in the world to visit in 2026, according to WSJ. As the world descends upon Philadelphia in the summer of 2026 for the World Cup, America’s (250th) Semiquincentennial celebration, MLB All-Star Game and PGA Championship, 222 Church is positioned at the forefront of the action. The Property consists of commercial (11%), studios (9%), 1bd (51%) and 2bd (29%) apartments with private balconies on the north side of the building and private decks on the west side of the building. Cobblestone entry (via Church Street), hardwood floors, exposed brick and beam, 20’ ceilings (in select units), central HVAC, lofted units (in select units), updated appliances, southern exposure and dramatic curb appeal are some of the cornerstone characteristics of this ±51,000 SF turnkey apartment building. The massive ±.25-acre lot runs street-to-street from Market-to-Church, with ±67' of prime Old City Market Street frontage — providing exceptional coverage and access for residents and commercial patrons alike. Highly-coveted CMX3 zoning affords potential for “air-rights” vertical enhancement if desired, as well as short-term stay accommodations “by-right.” The 2nd Street Station is located on the corner (Septa Market-Frankford train), providing immediate access to Center City and University City. Independence Hall, The Liberty Bell, Elfreth’s Alley, Betsy Ross House and many of the world’s most sought-after historic attractions are within walking distance in "America's Most Historic Square Mile" — as well as the popular galleries, cafes, shops, boutiques and restaurants that make Old City one of the most vibrant neighborhoods on the Eastern seaboard — particularly on “First Fridays.” Quick connections to the New Jersey bridges, I-95 and 676 can be made by car in just minutes. Many of the region’s top companies are headquartered along the Market Street corridor from river-to-river, positioning 222 Church as a highly-eligible candidate for the local corporate workforce and creatives, as well as the world-class health systems (CHOP, HUP, JEFFERSON) that power Philly’s economy. Convenience, connectivity, culture, cuisine and commerce intersect at 222 Church — a rare, 6-storey, elevator apartment building with neighborhood-friendly retail, strong historic residential occupancy and tangible rental upside via capital enhancements — a generational, prime central real estate acquisition opportunity with ±20% rental upside and the ability to convert the rear commercial spaces into Class-A amenities for building residents.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

40

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

222 Church Street

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CMX3

APN/PARCEL ID

881005510

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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