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- LoopNet Team
499 N 5th St
Philadelphia, PA 19123
Office Property For Sale
Investment Highlights
- 1.5 acre develop-able site; corner property at recognizable intersection of two major City streets (Spring Garden St and 5th Street)
- Desirable CMX-3 zoning
- Location is equally accessible to the Central Business District and many of the City's most popular neighborhoods
- Location is in one of the hottest Philadelphia's markets for redevelopment
- Excellent access to the two primary City Highways (I-95 and I-676)
- Great residential and/or retail development with by-right zoning in place
PROPERTY FACTS
About 499 N 5th St , Philadelphia, PA 19123
The Property is located at the southeast corner of 5th and Spring Garden Streets, in the Spring Garden/Callowhill section of the City of Philadelphia and consists of a one-story, single occupant, office building that contains a gross building area of 36,000± square feet. Inclusive of the adjacent surface parking area the Property in its entirety measures 1.50± acres or 65,340± square feet. The area where the Property is located is now often referred to in the rapidly growing “Center City Expanded” area of the City. Over the last five (5) years, residential and commercial investment and development has been brisk and has steadily increased recently. The desirability of the Property is further enhanced by its size (approximately 1.5 acres of land) and its location in the middle of the development push of Center City to the south, and Northern Liberties to the north. One of the recent signature mixed-use redevelopment projects, SONO featuring both Target and Yards Brewery, sits directly across from the Property. Access to the property is very good with easy accessibility to major highways (I-95 and I-676) and parking options. Additionally, public transportation options are varied (Market Frankford station stop within 3 blocks) and recent retail development has drawn increasing attention to the areas "walkability".
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PROPERTY TAXES
Parcel Number | 883523010 | Improvements Assessment | $90,900,000 |
Land Assessment | $10,100,000 | Total Assessment | $101,000,000 |
PROPERTY TAXES
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Listing ID: 18630610
Date on Market: 2/24/2020
Last Updated:
Address: 499 N 5th St, Philadelphia, PA 19123
The Office Property at 499 N 5th St, Philadelphia, PA 19123 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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