231-235 N 2nd St - Parking Lots & Garages FOR SALE


Philadelphia, PA 19106- Old City
$4,300,000 USD
917-972-5501
231-235 N 2nd St, Philadelphia, PA for Sale
$4,300,000 USD
Parking Lots & Garages - FOR SALE
1/11
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231-235 N 2nd St
Philadelphia, PA 19106
Old City


HIGHLIGHTS

  • Old City is the touristic heart of Philadelphia
  • 7 covered parking floors with one open air roof level
  • Easy access to 95 and Ben Franklin Bridge

OVERVIEW

Opportunity to acquire a significant share with majority control of deeded parking spaces within a condo parking garage in Old City, Philadelphia. With ownership of approximately 195 out of the total 281 spaces, a majority owner could have the authority to manage the garage's operations, establishing an income stream of both monthly and transient/daily customers and, if preferred, hiring a third-party management company. Value add for developers in need of parking for permitting purposes. This kind of ownership could be highly valuable, especially in a historic neighborhood with limited parking availability.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Old City Parkominium

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

CMX-3

APN/PARCEL ID

881006184,888030820,888030888

ASK ABOUT THIS PROPERTY

Jennifer RamsayEchochic EstatesMore Info
917-972-5501

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Jennifer RamsayEchochic EstatesMore Info
917-972-5501

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