1422-26 Locust Street #PARKING @ 15th - Parking Lots & Garages FOR SALE


Philadelphia, PA 19102
$6,000,000 USD
917-972-5501
1422-26 Locust Street #PARKING @ 15th, Philadelphia, PA for Sale
$6,000,000 USD
Parking Lots & Garages - FOR SALE
1/5
null | Request Cap Rate

1422-26 Locust Street #PARKING @ 15th
Philadelphia, PA 19102


HIGHLIGHTS

  • Exceptional investment opportunity.
  • Center City/Rittenhouse Square/Avenue of the Arts.
  • Extensive upgrades completed.

OVERVIEW

For Sale: (Fee simple) ?319+ Parking Spaces ?(18.8k per space) at? the Academy House Garage located on the 15th Street garage entrance at 1422-26 Locust Street, Philadelphia. Exceptional investment opportunity in the heart of Center City/Rittenhouse Square. This secure, monitored garage offers convenience and safety, ensuring peace of mind for ?monthly tenants, daily business professionals and theatre goers. With more and more residential development, parking is becoming scarce and in demand and the Academy House Parking offers convenience to key destinations in Philadelphia's Avenue of The Arts "The Intersection of Everything"! Secure Facility: The parking garage security measures include surveillance cameras and 24/7 on-site personnel ensuring the safety of vehicles? and customers. Recently reopened after extensive upgrades this incredible opportunity for growth in monthly tenants, daily customers, and strategic partnerships with the Academy of Music, Kimmel Center, Suzanne Roberts Theatre and more.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Academy House Parking/Garage

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Parking Lots & Garages

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

319

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,596 SF

ZONING

CMX-5

APN/PARCEL ID

888080821

ASK ABOUT THIS PROPERTY

Jennifer RamsayEchochic EstatesMore Info
917-972-5501

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Jennifer RamsayEchochic EstatesMore Info
917-972-5501

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.