School District: The School District Of Philadelphia
Address: 3251 FOX ST
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.
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Courtesy of: Geis Realty Group, Inc. Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 7th December, 2021 3:09 AM
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