7300 City AvePhiladelphia, PA 19151

Property Details for 7300 City Ave

Year built

1968

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.81 AC

Property size (Sq ft)

15,111 SF

Zone code

CMX2

Property type

Investment properties

Property subtype

Retail residential properties

APN

88-3-0863-00

APU

883086300

Description

This exceptional 1,750 square foot office space is located at 7300 City Avenue, offering a prime location with high visibility. Situated in a three-story, single-tenant building constructed in 1967, this property boasts a total of 15,000 square feet. The space features abundant natural light thanks to numerous windows providing a park view. The building includes one elevator for convenient access to all three floors. Ample parking is readily available with 75 spaces in a lot directly adjacent to the building. This is a single-tenant occupancy opportunity, with the rental rate inclusive of all utilities and janitorial services. Tenant responsibilities are limited to utilities and operating expenses, as well as water and sewer charges. The space is ideal for a business seeking a well-maintained, conveniently located office with excellent visibility on a major thoroughfare, cross-street access via Haverford Avenue. The available space is part of a larger building, with additional space potentially available (ranging from 400 to 1750 square feet).

• CAP approach

  CAP return

  Valuation

  6%

  $5,276,199

  6.5%

  $4,870,338

  7%

  $4,522,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,060,325

  Geo Method

  $3,060,325

• Alternative Use

  Use

  Valuation

  Residential

  $4,870,338

  Hospitality

  $4,461,203

  Educational

  $3,711,669

  Medical

  $3,839,319

  Retail

  $5,773,707

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9802

Longitude

-75.2676

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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