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Mixed-Use

441 Lyceum Avenue

441 Lyceum Ave, Philadelphia, PA 19128

Listing Price: $725,000

Cap Rate
2.19%
Number of Units
1
Occupancy
50.0%
Price/Unit
$725,000
Price/Gross SF
$197.06
Gross SF
3,679

Investment Overview

Marcus & Millichap has been selected as the exclusive advisor to market for sale a true value add investment opportunity in Philadelphia's Roxborough section, located at 441 Lyceum Avenue. The mixed-use property sits just one block south from Ridge Avenue's best retail section, which provides immediate walking access to the plethora of local businesses, restaurants, and well-known shops for it's office and apartment tenants. The property is being offered at 50% occupancy, with the first floor office space currently available for rent. The recently renovated space and zoning variance allows for turn-key use for a tenant to occupy. Along with the abundance of street parking, the property also offers 3 off street private parking spaces. With a recent explosion of development in one of Philadelphia's most desirable submarkets and nearly 20,000 cars passing through the Ridge Avenue corridor daily, the high exposure and accessibility to the property makes this one of the most sought after locations on the area.

Investment Highlights

  • In-Unit Washer and Dryer
  • 90 Walkability Score - One Block from Main Retail Hub of Ridge Ave
  • Divided Utilities
  • First Floor Central Air and Sprinklered
  • Private Entrance for Residential Unit
  • Off Street Parking
  • Redevelopment Opportunity

Exclusively Listed By

Listing Price: $725,000

Cap Rate
2.19%
Number of Units
1
Occupancy
50.0%
Price/Unit
$725,000
Price/Gross SF
$197.06
Gross SF
3,679

Investment Highlights

  • In-Unit Washer and Dryer
  • 90 Walkability Score - One Block from Main Retail Hub of Ridge Ave
  • Divided Utilities
  • First Floor Central Air and Sprinklered
  • Private Entrance for Residential Unit
  • Off Street Parking
  • Redevelopment Opportunity

Investment Overview

Marcus & Millichap has been selected as the exclusive advisor to market for sale a true value add investment opportunity in Philadelphia's Roxborough section, located at 441 Lyceum Avenue. The mixed-use property sits just one block south from Ridge Avenue's best retail section, which provides immediate walking access to the plethora of local businesses, restaurants, and well-known shops for it's office and apartment tenants. The property is being offered at 50% occupancy, with the first floor office space currently available for rent. The recently renovated space and zoning variance allows for turn-key use for a tenant to occupy. Along with the abundance of street parking, the property also offers 3 off street private parking spaces. With a recent explosion of development in one of Philadelphia's most desirable submarkets and nearly 20,000 cars passing through the Ridge Avenue corridor daily, the high exposure and accessibility to the property makes this one of the most sought after locations on the area.

Exclusively Listed By

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