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4621-4627 Frankford Ave

12,212 SF 26% Leased Office Building Philadelphia, PA 19124 £1,098,987 (£90/SF)

Investment Highlights

  • Truist Bank recently renewed and currently occupies 3,137 RSF on the first floor operating as a retail branch
  • Vacant office space available in the basement, first floor, and second floor; measuring 9,075 RSF
  • Four (4) additional parcels used for parking is included in sale; 4608-4614 Paul St
  • Retail space includes a built-in safe
  • Fenced-in parking in the rear of the property

Executive Summary

Located in the Northeast section of Philadelphia, 4621-4627 Frankford Ave is a two-story mixed-use retail and office building ready for a user, investor, or developer. The property is anchored by the retail tenant, Truist Bank, located on the corridor of Frankford Ave directly adjacent to the Market-Frankford subway line.
Truist Bank currently occupies 3,137 RSF on the first floor operating as a retail branch with safe. Vacant office space available in the basement, first floor, and second floor; measuring ±9,075 SF; formerly occupied by a non-profit organization. The rear of building is fenced for secured parking. This sale includes extended parking lots located at 4608-4614 Paul St, measuring an additional ±8,183 SF.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,212 SF
Building Class
C
Year Built
1925
Price
£1,098,987
Price Per SF
£90
Percent Leased
26%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,373 SF
Building FAR
0.36
Land Acres
0.78 AC
Opportunity Zone
Yes
Zoning
CMX-2 - CMX-2: Neighborhood-serving retail and service uses, including pedestrian friendly retail commercial corridors.

Amenities

  • Banking
  • Bus Route
  • Fenced Lot
  • Public Transport
  • Storage Space
  • Plug & Play

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Truist Bank
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Truist Bank Retailer 99,999 SF - Lorem Ipsum Jan 0000
Walk Score ®
Very Walkable (87)
Transit Score ®
Excellent Transit (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
882963500
Land Assessment
£254,996
Improvements Assessment
£1,019,986
Total Assessment
£1,274,982
  • Listing ID: 31713348

  • Date on Market: 06/05/2024

  • Last Updated:

  • Address: 4621-4627 Frankford Ave, Philadelphia, PA 19124

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