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Rising Sun & Palmetto Portfolio

3 Properties Offered at $3,350,000 in Philadelphia, PA

Investment Highlights

  • 15,100 finished sf of professional space with large parking lots/ build on the lots

Executive Summary

Great Opportunity for an investor and an owner to occupy this 11,629 square feet with a finished basement of 3471 square feet located on 6423-25 Rising Sun Ave. The bank has both entrances from Rising Sun Ave and a parking lot with a large open corridor, lobby, waiting area, personal banker cubicles, reception, meeting room, teller vault, safe deposit vault, men + ladies bathroom, 2-private executive office with bath, lunch room, 2 large conference room with plenty of storage rooms. The adult care center has both entrances large lobby, 4 private offices, a large conference room in the back with a kitchenette, a work room, and 4 bathrooms. The finished basement has 5 large office rooms, 2 baths, a kitchenette, utility rooms, and plenty of storage spaces. There are sprinkler systems in the building, the new roof was installed in April 2024 and the adult care was renovated a few years ago. There are 6 rooftop HVAC Units and 3 were installed after 2017. There are large signages in the front and the back street. Currently, both tenants Bank of America's 7,398 sf and the Adult Care center's 4231 square feet are occupying. This sale included 2 additional lots currently 75 parking spaces 6410-20 Parlmetto Street #885681300 and 6422 Palmetto Street # 885682140. The parking lots are shared between both tenants now and the bank does have a drive-thru in the back. Both front entrances are on Rising Sun Ave and the parking entrance and exit are on Levick Street and Palmetto Street. Conveniently located on this busy Rising Sun Ave in the most desirable Northeast Philadelphia, Minutes to Montgomery County, Center City. Also, the building is for lease at $22.00 per square foot. The buyer and agent must check the size and zoning. All showing must send POF before showing.

Property Facts

Price $3,350,000
Price / SF $221.85 / SF
Sale Conditions Bulk/Portfolio Sale
Sale Type Investment or Owner User
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 15,100 SF
Total Land Area 5.20 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
6422 Palmetto st, Philadelphia, PA 19111 Land 4.07 AC - -
Fleet Bank Branch
6423-6425 Rising Sun Ave, Philadelphia, PA 19111
Office 15,100 SF 1949 -
6410 Palmetto St, Philadelphia, PA 19111 Land 0.29 AC - -
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  • Listing ID: 33608250

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: Rising Sun & Palmetto Portfolio, Philadelphia, PA

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