3205 Spring Garden st - Multi-Family FOR SALE


Philadelphia, PA 19104- Mantua
$19,000,000 USD
215-454-2879
3205 Spring Garden st, Philadelphia, PA for Sale
$19,000,000 USD
Multi-Family - FOR SALE
1/4
null | 6% Cap Rate

3205 Spring Garden st
Philadelphia, PA 19104
Mantua


OVERVIEW

An architectural masterpiece featuring 48 units and 133 beds. This building is the "Sustainability" flagship, featuring a green roof and eco-friendly design. It commands top-of-market rents due to its unique aesthetic and "Green" branding. Located at 32nd & Spring Garden Street, this 4-story site covers approx. 50,176 SF. Amenities include an "Expresso Go" interactive bike studio and a green roof terrace. It is located steps from the Schuylkill River Park and Drexel’s athletic fields. University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality. University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences. With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.

FOR SALE DETAILS

PRICE

$19,000,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

48

PRICE/UNIT

$395,833

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

RM-1

APN/PARCEL ID

363100300

ASK ABOUT THIS PROPERTY

215-454-2879

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215-454-2879

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