UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Subdivision West Philadelphia
MLS Listing ID PAPH2494210
Year Built 1915
Available Date 2025-06-27
Annual Tax Amount $25,889
Tax Year 2024
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 36.00 x 40.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
INTRODUCING: The West Philly Park Portfolio — a rare opportunity to acquire up to thirty-nine (39) total units offering an in-place 9.5% stabilized cap rate, located just outside of University City — one of the most dynamic growth corridors in the United States. Situated within a Top-10 MSA for both population and life sciences, this portfolio lies in the heart of Philadelphia's renowned “Eds & Meds” economy, surrounded by billions of dollars in active development. Nearby anchors include Schuylkill Yards, the Science Center, CHOP, HUP, and Amtrak's 30th Street Station.
The portfolio spans ten (10) properties totaling approximately ±35,000 square feet, concentrated within a walkable five-block stretch along the high-traffic 52nd Street corridor, between Market Street and Larchwood Avenue. Each building features a mix of ground-floor commercial units with residential apartments above, many of which were comprehensively renovated in the early 2020s. Upgrades include LVP flooring, shaker cabinetry, granite countertops, in-unit washer/dryers, modern fire and sprinkler systems, central air, and contemporary finishes throughout.
The offering includes multiple park-front, corner, and contiguous parcels, with strong tenant demand driven by proximity to the University of Pennsylvania, Drexel University, and leading healthcare and innovation institutions. This is a rare chance to acquire turnkey assets in one of Philadelphia's most promising submarkets.
Detailed financials available upon request.
Properties Included:
Location
Province PA
County Philadelphia
Area 19139 (19139)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Plank
Heat Source Electric
Exterior
Water Access N
View Park/Greenbelt, City
Accessibility None
Garage N
Building
Lot Description Corner
Foundation Concrete Perimeter
Sewer Private Sewer
Water Public
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 881215261
Ownership Fee Simple
Special Listing Condition Standard
Nearby School & Business
- 10
Penn Alexander School
Public | KG - 8
- 9
Gamp
Public | 5 - 12
- 8
Merion Elementary School
Public | KG - 5
- 5
East Lansdowne Elementary School
Public | KG - 6
- 5
W B Evans Magnet School
Public | KG - 6
- 4
Bywood Elementary School
Public | 1 - 5
- 4
Park Lane Elementary School
Public | KG - 6
- 4
Overbrook Educational Center
Public | KG - 8
- 4
West Philadelphia Achievement Ces
Public | KG - 5
- 4
Overbrook Elementary School
Public | KG - 6
- 4
Philadelphia Montessori Charter School
Public | PK - 6
- 4
Andrew Hamilton School
Public | KG - 8
- 4
Mastery Charter School Mann Elementary
Public | KG - 6
- 4
Discovery Charter School
Public | KG - 8
- 4
Martha Washington Elementary Academics
Public | KG - 8
- 3
Bell Avenue School
Public | KG - 6
- 3
Southwest Leadership Academy Charter School
Public | KG - 8
- 3
Mastery Charter School at Harrity
Public | KG - 8
- 3
Hardy Williams Academy Charter School
Public | KG - 12
- 3
Middle Years Alternative School for the Humanities MYA
Public | 5 - 8
- 4
Boys Latin of Philadelphia Charter School
Public | 6 - 12
- 4
Mastery Charter School -Shoemaker Campus
Public | 7 - 12
- 1
Penn Wood Middle School
Public | 7 - 8
- 1
Dimner Beeber Middle School
Public | 6 - 8
- 0
Kohelet Yeshiva High School
Private | 8 - 12
- 0
Wordsworth Academy
Private | 6 - 12
- 5
Preparatory Charter School of Mathematics Science
Public | 9 - 12
- 4
Motivation High School
Public | 9 - 12
- 4
Parkway West
Public | 9 - 12
- 4
Paul Robeson High School for Human Services
Public | 9 - 12
- 1
William L. Sayre High School
Public | 9 - 12
- 1
Overbrook High School
Public | 9 - 12
- 1
John Bartram High School
Public | 9 - 12
- 1
West Philadelphia High School
Public | 9 - 12
- 1
The Workshop School
Public | 9 - 12
- 1
School of the Future
Public | 9 - 12
- 1
Universal Audenried Charter High School
Public | 9 - 12
- 1
Strawberry Mansion High School
Public | 9 - 12
- 0
Talmudical Yeshiva of Philadelphia
Private | 9 - 12
- 0
The Mill Creek School
Private | 9 - 12
- 0
West Philadelphia Catholic High School
Private | 9 - 12