1818 Franklin Mills Cir
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1818 Franklin Mills Cir
3.1 Acres of Commercial Land Offered at £1,598,993 in Philadelphia, PA 19154
Investment Highlights
- Strategically located near Philadelphia Mills Mall, offering high visibility and easy access to major highways.
- Daily traffic volume of 20,000 vehicles
- (CA-1): Permits a range of uses including retail, industrial outdoor storage, and office.
Executive Summary
Marcus & Millichap is pleased to exclusively offer for sale, 1818 Franklin Mills Circle in Philadelphia, PA, a prime investment opportunity of 3+ acres of land zoned CA-1, allowing for a versatile range of uses including retail, industrial outdoor storage, and office space. Current IOS leases provide $120,000 of Estimated Gross Income. Situated in a high-traffic commercial area within the Philadelphia Mills campus. The property is directly next to Sam's Club. This property benefits from excellent visibility and accessibility via major highways, making it an ideal location for businesses seeking exposure and convenience. The flexible zoning provides investors with the opportunity to capitalize on multiple development options, catering to the growing demand for retail establishments, logistics facilities, and professional offices. With its sizable, buildable land area, this property is ready for immediate development and presents a unique chance to secure a strategic foothold in one of Philadelphia's busiest commercial corridors.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | £1,598,993 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 3.10 AC |
| Property Type | Land |
| Price | £1,598,993 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 3.10 AC |
1 Lot Available
Lot
| Price | £1,598,993 | Lot Size | 3.10 AC |
| Price Per AC | £515,804.05 |
| Price | £1,598,993 |
| Price Per AC | £515,804.05 |
| Lot Size | 3.10 AC |
PROPERTY TAXES
| Parcel Number | 882693016 | Improvements Assessment | £56,970,686 (2024) |
| Land Assessment | £14,242,671 (2024) | Total Assessment | £71,213,357 (2024) |
PROPERTY TAXES
Parcel Number
882693016
Land Assessment
£14,242,671 (2024)
Improvements Assessment
£56,970,686 (2024)
Total Assessment
£71,213,357 (2024)
zoning
| Zoning Code | Commercial (CA-1 districts are primarily intended to accommodate a very broad range of uses, often in the physical form of shopping centers and other destination-) |
| Commercial (CA-1 districts are primarily intended to accommodate a very broad range of uses, often in the physical form of shopping centers and other destination-) |
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1818 Franklin Mills Cir
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