10101 Academy RdPhiladelphia, PA 19114

Property Details for 10101 Academy Rd

Year built

1969

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.79 AC

Property size (Sq ft)

19,980 SF

Zone code

CMX1

Property type

Office properties

Property subtype

Office buildings

APN

88-3-0915-05

APU

883091505

Description

This exceptional three-story, 20,000-square-foot office building, situated at 10101 Academy Road in Northeast Philadelphia (19114), presents a unique investment opportunity. Built in 1983 and renovated in 2008, the property boasts ample parking and excellent visibility from Academy and Red Lion Roads, enhanced by illuminated pylon signage. The building features 10-foot ceilings, a convenient elevator, and advanced security measures including cameras and alarms. Currently housing a mix of medical professionals, including dentists, chiropractors, pharmacists, and Jefferson Health physicians, the property offers multiple suites ranging from 1,100 to 6,800 contiguous square feet, with a total of 7,900 square feet currently vacant. The 1.24-acre lot is zoned CMX1, providing flexibility for various uses. Its prime location offers easy access to major roadways including Roosevelt Boulevard, Woodhaven Road, Route 13, and I-95, and is conveniently located across from Northeast Philadelphia Airport. The property's power supply is 120/240 volts. This is an ideal location for medical or creative office tenants seeking high visibility and convenient access. The property is comprised of two suites in total. APN: 1001034914.

• CAP approach

  CAP return

  Valuation

  6%

  $4,202,040

  6.5%

  $3,878,806

  7%

  $3,601,748

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,610,587

  Geo Method

  $2,610,587

• Alternative Use

  Use

  Valuation

  Residential

  $4,809,720

  Hospitality

  $4,405,678

  Educational

  $3,665,472

  Medical

  $3,791,533

  Retail

  $5,701,845

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0789

Longitude

-74.9978

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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