$1,200,000
$1,900,000
36.8%For more information regarding the value of a property, please contact us for a free consultation.
214 S 11TH ST Philadelphia, PA 19107
6,680 SqFt
Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,680 sqft
Price per Sqft $179
MLS Listing ID PAPH2239420
Sold Date 04/30/24
Originating Board BRIGHT
Year Built 1920
Tax Year 2022
Lot Size 2,460 Sqft
Acres 0.06
Lot Dimensions 20.00 x 123.00
Property Description
Adaptive Reuse Opportunity: Convert from Office to Multifamily
Proximity to Essential Shopping and Retail: National Essential Retailers at Your Front Door
Highly Desirable Midtown Village Location: The Most Desirable Neighborhood in Philadelphia
Inclusive Center City Zoning: CMX-4 Zoning Allows for Significant Density
Transit Oriented Location: Close to Major Roadways and Public Transit
The Property is comprised of 6,680 SF improvements on 2,460 SF of CMX-4 zoned land in the Midtown Village neighborhood of Philadelphia. The Midtown Village section of Center City is considered one of the most desirable neighborhoods in the Philadelphia MSA featuring award-winning retail, eateries, and nightlife.
The Pilot Building is an outstanding opportunity to convert a well-located asset to multifamily, an alternative commercial use, or begin an assemblage with attractive zoning. Future tenants will live or work directly adjacent to the Jefferson University Hospital Campus, Fashion District, Target, and Planet Fitness. The Property is steps from the new Jefferson University Specialty Care Pavilion, which is projected to have $600M+ in economic impact.
The Property is located minutes from major arteries including I-76, I-676, and I-95 providing unparalleled access to the Philadelphia MSA. The Pilot Building is about a 5-minute walk of the station at 11th and Market Streets for the Market-Frankford Line carrying commuters to points in Center City, University City, 30th Street Station, and the Philadelphia Suburbs.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX4
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits, Elevator, Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 771013100
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Alex C Prince • TCS Management, LLC
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