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$7,500,000.00

3251 FOX

PHILADELPHIA, PA 19129

65328.00 Sq. Ft.

Year Built : 1955

List Date : 2021-06-08

MLS# : B PAPH1026300

This building has a wonderful story to tell…. the 2nd story was destroyed in a fire (elevator shaft still in place) and in 2020 the seller redeveloped and leased up from 0-100% in the middle of the pandemic (all tenants have 4% escalations). Since the package was put together, the Seller parted ways with one tenant, comprised of 527 SF. We expect to have it relet by the time any settlement would occur.

The building features interior common hallways, shared drive-in loading dock, common bathrooms, with some units having direct retail access. Fully sprinklered building. Sale includes the adjacent +/-16,200 gated parking lot (44 spaces). Located at a signalized intersection in a QOZ, with fresh 10 year tax abatement. 500% FAR by-right. Offering Memorandum, Rent roll and cashflow models available upon request.



FEATURES

  • Construction: Masonry
  • County: PHILADELPHIA
  • Lot Acres: 2
  • Parking: Fenced,Paved Parking,Priv
  • Tax Amount: $17,167.00
  • Tax Year: 2021
  • Waterfront: N

This listing is courtesy of Geis Realty Group, Inc.