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Mixed-Use

526 South Front Street

526 S Front St, Philadelphia, PA 19147

Listing Price: $3,250,000

Cap Rate
5.00%
Number of Units
13
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$194.15
Gross SF
16,740

Investment Overview

Marcus & Millichap has been retained as the exclusive agent to market 526 S Front Street, 105-107 South Street and 109-111 South Street in Philadelphia, Pennsylvania for sale (the "Property"). Located in Society Hill at the site of the old Downey's Irish Pub, the planned construction is set to add to the recent spur of development in neighboring Head House Square. Current ownership has developed plans for 13 sizeable apartments, consisting of nine 1 bedrooms and four 2 bedrooms, with a 1840 SF commercial retail space on the ground level. With demolition of the existing structure scheduled within the next 60-90 days, the property will be delivered shovel ready, with permits, to a qualified purchaser. Situated at the corner of Front & South Streets, the Property will afford to tenants immediate access to the plethora of available retail, bar and restaurant options in one of the cities most sought-after and lively neighborhoods. With a combination of national, regional, and local retailers along South Street and Head House Square, residents will be able to service all of their needs by foot or through very accessible public transit.

Investment Highlights

  • Fully Approved Shovel Ready Site
  • 10-Year Tax Abatement
  • CMX-1 Zoning
  • Historically High Demand Area
  • Walk Score: 94; Transit Score: 64; Bike Score; 83

Exclusively Listed By

Financing By

Mixed-Use

526 South Front Street

Listing Price: $3,250,000

Cap Rate
5.00%
Number of Units
13
Occupancy
100.0%
Price/Unit
$250,000
Price/Gross SF
$194.15
Gross SF
16,740

Investment Highlights

  • Fully Approved Shovel Ready Site
  • 10-Year Tax Abatement
  • CMX-1 Zoning
  • Historically High Demand Area
  • Walk Score: 94; Transit Score: 64; Bike Score; 83

Investment Overview

Marcus & Millichap has been retained as the exclusive agent to market 526 S Front Street, 105-107 South Street and 109-111 South Street in Philadelphia, Pennsylvania for sale (the "Property"). Located in Society Hill at the site of the old Downey's Irish Pub, the planned construction is set to add to the recent spur of development in neighboring Head House Square. Current ownership has developed plans for 13 sizeable apartments, consisting of nine 1 bedrooms and four 2 bedrooms, with a 1840 SF commercial retail space on the ground level. With demolition of the existing structure scheduled within the next 60-90 days, the property will be delivered shovel ready, with permits, to a qualified purchaser. Situated at the corner of Front & South Streets, the Property will afford to tenants immediate access to the plethora of available retail, bar and restaurant options in one of the cities most sought-after and lively neighborhoods. With a combination of national, regional, and local retailers along South Street and Head House Square, residents will be able to service all of their needs by foot or through very accessible public transit.

Exclusively Listed By

Financing By

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