3232 Henry AvePhiladelphia, PA 19129

Property Details for 3232 Henry Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

56,090 SF

Zone code

RSA5

Property type

Apartment buildings

APN

88-6-6703-00

APU

886670300

Description

This exceptional Class A medical office building, located at 3232 Henry Ave in Philadelphia's East Falls submarket, offers 15,065 square feet of vacant space divisible into units ranging from 3,650 to 6,909 square feet. The single-story, 322,262 square foot building, renovated in 2022, sits on an 11-acre lot and features ample parking. Its Commercial zoning allows for versatile use, ideal for medical practices or other office tenants. The property boasts a prime location with easy access to major highways and high visibility for optimal business exposure. This new construction development is part of a larger mixed-use campus, offering tenants and their employees access to numerous amenities including a coffee shop, on-site gym, rooftop terrace, walking trail, community garden, and dog park. The open floor plan and abundant natural light create a welcoming and productive work environment. The property is situated in Philadelphia County, PA, with the APN 1001272058. This is a unique opportunity to establish a presence in a thriving, amenity-rich community. The building's modern design and prime functionality cater to a variety of business needs, whether a move-in ready space or a build-to-suit opportunity is desired.

• CAP approach

  CAP return

  Valuation

  6%

  $12,859,800

  6.5%

  $11,870,600

  7%

  $11,022,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,574,600

  Geo Method

  $8,574,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $19,099,700

  Retail / Commercial

  $9,794,250

  Mixed-Use / Specialty

  $9,759,330

  Hospitality / Lodging

  $7,160,110

  Office

  $9,701,350

  Institutional / Educational

  $10,145,800

  Multifamily

  $14,236,900

  Automotive / Energy

  $8,696,380

  Parking / Income-Based Land

  $3,001,010

  Restaurant / Food Service

  $5,075,900

  Healthcare / Senior Housing

  $10,008,000

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0098

Longitude

-75.1823

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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