5040 Belfield - Freestanding FOR SALE


Philadelphia, PA 19141
$1,500,000 USD
908-303-0919
5040 Belfield, Philadelphia, PA for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

5040 Belfield
Philadelphia, PA 19141


OVERVIEW

McCann Commercial is pleased to market the sale of 5040 Belfield a 51,045sf lot located in the Olney neighborhood of Philadelphia. This lot is favorable zoned as CMX-2 which is primed for a mixed use or multifamily development project. With the property being on a corner, a developer will be able to build on 80% of the lot and up to 85 residential units but only up to 38ft high. There are several additional incentives to increase unit count as well.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$1,174 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

CMX2

APN/PARCEL ID

882971017

ASK ABOUT THIS PROPERTY

Brandon GallagherMcCann CommercialMore Info
908-303-0919

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Brandon GallagherMcCann CommercialMore Info
908-303-0919

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