1880 John F Kennedy BlvdPhiladelphia, PA 19103

Property Details for 1880 John F Kennedy Blvd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

265,620 SF

Zone code

CMX5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

88-3-0563-00

APU

883056300

Description

This exceptional retail opportunity is located on the first floor of a Class A, two-building complex situated on a full city block along JFK Boulevard in the heart of Philadelphia. The property, constructed in 1985, offers a total of 253,955 square feet of space, with multiple tenancies available. This listing focuses on a single, highly desirable space ideal for a restaurant or office use, ranging from 693 to 1,635 square feet. The minimum divisible space is 1,635 square feet, providing flexibility for various business needs. The building's prime location ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent Philadelphia presence. The space is well-suited for a variety of uses, including restaurants, given its potential for walk-in fridge/freezer installation. The building's Class A designation reflects its high-quality construction and modern amenities. This is a rare chance to secure a space in a landmark Philadelphia location within a well-maintained and established building. The property is located in Philadelphia County and offers a unique blend of accessibility and prestige. The opportunity to establish a business in this vibrant area is unparalleled. Contact us today to learn more about this exceptional retail space and schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $106,105,760

  6.5%

  $97,943,776

  7%

  $90,947,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,794,160

  Geo Method

  $53,794,160

• Alternative Use

  Use

  Valuation

  Residential

  $97,943,776

  Hospitality

  $89,715,976

  Educational

  $74,642,632

  Medical

  $77,209,712

  Retail

  $116,110,768

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9541

Longitude

-75.171

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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