701 W York St - Schools FOR SALE


Philadelphia, PA 19133- North Philadelphia East
$3,500,000 USD
215-608-3734
701 W York St, Philadelphia, PA for Sale
$3,500,000 USD
Schools - FOR SALE
1/8
null | 13.8% Cap Rate

701 W York St
Philadelphia, PA 19133
North Philadelphia East


HIGHLIGHTS

  • ADAPTIVE REUSE CONVERSION - Vacant school building being redeveloped into 40 market-rate residential units.
  • PARTIALLY COMPLETE CONSTRUCTION - Framing, steel reinforcement, and core structural work already complete.
  • DURABILITY - Significant capital already invested in steel and reinforced systems, exceeding standard stick construction.
  • TAX ABATEMENT - Reported full 10-year Philadelphia tax abatement, enhancing long-term returns.
  • SCALE - 43,035 SF footprint across multiple levels; flexible for diverse unit layouts.
  • ATTRACTIVE BASIS - Asking price of $3.5M ($81SF | $87,500/unit - shell), positioned below or in line with comparable adaptive reuse trades.

OVERVIEW

We are pleased to present the exclusive offering of 701 W York Street, a 43,035 SF adaptive reuse project in Philadelphia. This property is a vacant former school under conversion into a 40-unit multifamily development. Ownership has completed extensive structural and framing upgrades, including the installation of steel beams and reinforced concrete dividers, offering investors a robust foundation on which to complete and stabilize the project. The property is fully entitled, with Building Permits approved for Level III interior alterations. It is offered “as-is” at $3,500,000 | $81 PSF, representing an opportunity to acquire a partially completed project with significant upside through completion, lease-up, and subsequent refinancing. Originally constructed in 1910 as St. Edward the Confessor School, the building’s enduring masonry facade and institutional character provide a distinctive architectural presence—positioning the redevelopment to blend historic charm with modern multifamily living.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

13.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

St. Edwards School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM1

APN/PARCEL ID

777404550

ASK ABOUT THIS PROPERTY

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215-608-3734

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Saam TashayyodTrophy Commercial Real EstateMore Info
215-608-3734

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