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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

Property Type
Office
Building Size
36,000 SF
Building Class
B
Year Built
1960
Tenancy
Single
Building Height
1 Story
Typical Floor Size
36,000 SF
Slab To Slab
14’
Building FAR
0.55
Lot Size
1.50 AC
Zoning
CMX-3 - Commercial
Parking
80 Spaces (1.39 Spaces per 1,000 SF Leased)

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".

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
883523010
Land Assessment
$10,100,000
Improvements Assessment
$90,900,000
Total Assessment
$101,000,000
  • Listing ID: 18630610

  • Date on Market: 2/24/2020

  • Last Updated:

  • Address: 499 N 5th St, Philadelphia, PA 19123

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