1800 S 32nd St
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1800 S 32nd St
31,716 SF Office Building Philadelphia, PA 19145 $7,000,000 ($221/SF)
Investment Highlights
- 31,716 SF Office Building on 1.85 Acres
- Building Serviced by Two Elevators and Fully Sprinklered
- Minutes from Center City Philadelphia & University City
- Adjacent to I-76 Expressway with over 95,000+ Vehicles Daily
- Fully Secured Parking with 69 Spaces (2.18 per 1,000 SF)
Executive Summary
1800 S 32nd Street, a traditional three-story office building spans approximately 31,716 square feet. Situated adjacent to the I-76 Schuylkill Expressway, access to the property is gained through a secured front gate on Vare Avenue. It previously served as the administrative offices for the Philadelphia Housing Authority ("PHA").
Strategically positioned, the property benefits from its proximity to the busy highway, which sees a daily traffic flow of over 95,000 vehicles. Additionally, Vare Avenue itself attracts over 6,400 vehicles each day. Despite this, the property boasts excellent sound insulation with dense glass glazing, ensuring that the noise from outside traffic remains imperceptible within its walls.
The three-story rectangular building is fully equipped with fire protection measures, including sprinklers throughout, with mechanical systems located in the basement. Two elevators are present within the property, complemented by two fire-protected stairwells positioned at opposite ends of the building.
The triangular site upon which the property sits provides approximately 69 parking spaces—a unique feature that distinguishes it within the area.
Strategically positioned, the property benefits from its proximity to the busy highway, which sees a daily traffic flow of over 95,000 vehicles. Additionally, Vare Avenue itself attracts over 6,400 vehicles each day. Despite this, the property boasts excellent sound insulation with dense glass glazing, ensuring that the noise from outside traffic remains imperceptible within its walls.
The three-story rectangular building is fully equipped with fire protection measures, including sprinklers throughout, with mechanical systems located in the basement. Two elevators are present within the property, complemented by two fire-protected stairwells positioned at opposite ends of the building.
The triangular site upon which the property sits provides approximately 69 parking spaces—a unique feature that distinguishes it within the area.
Property Facts
Sale Type
Owner User
Sale Conditions
Property Type
Building Size
31,716 SF
Building Class
B
Year Built
2006
Price
$7,000,000
Price Per SF
$221
Building Height
3 Stories
Typical Floor Size
10,572 SF
Building FAR
0.39
Lot Size
1.85 AC
Zoning
RM-1 - Multiple-Family Residential
Parking
69 Spaces (2.18 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 482414810 | Improvements Assessment | $475,660 |
| Land Assessment | $222,540 | Total Assessment | $698,200 |
PROPERTY TAXES
Parcel Number
482414810
Land Assessment
$222,540
Improvements Assessment
$475,660
Total Assessment
$698,200
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1800 S 32nd St
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