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417-421 South St
Philadelphia, PA 19147

$7,950,000 USD

Storefront Retail Office For Sale • 33,000 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 33,000 SF
Lot Size 0.21 AC
Building Class B
Year Built 1900
Cap Rate 6.83 %
Tenancy Multiple
Zoning CMX3

91 Transit Score

99 Walk Score

                
                    Highlights
                
                                Opportunity to own a significant retail building near Philadelphia's Center City and historical landmarks in the affluent Society Hill neighborhood.
                            
                                Features a 9,000-square-foot rooftop with 360-degree clear city views, a perfect option for adding a bar, restaurant, or 3rd and 4th floor apartments.
                            
                                Large wall-to-wall professional window display on all three floors and updated street level signage providing excellent visibility along South Street.
                            
                                Philadelphia is among the most affordable retail markets, presenting retailers with an opportunity to enter a heavily populated, Mid-Atlantic market.
                            
                                NOI based on 2nd floor-$20/SF (Modern Offices), 3rd fl-$15/SF (Open Space), 6000 SF Basement-$10/SF

Cap Rate:

6.83 %

Amenities

Signage
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Market East (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	4 min	-	1.5 mi
Suburban Station (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail))	5 min	-	2.2 mi
Transit/Subway	Drive	Walk	Distance
5Th Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	2 min	12 min	0.7 mi
9Th-10Th & Locust St (PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline))	3 min	14 min	0.7 mi
2Nd Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley))	2 min	16 min	0.8 mi
8Th & Market St (Broad Street Line - Port Authority Transit Corporation Speedline (PATCO Speedline), Market-Frankford Line - Port Authority Transit Corporation Speedline (PATCO Speedline), PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline))	3 min	17 min	0.9 mi
12Th-13Th & Locust St (PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Philadelphia International	20 min	-	11.0 mi
Trenton Mercer	49 min	-	33.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Barry Bernsten 412-685-4096 KRB Management Assoc.

417-421 South St Philadelphia, PA 19147