219 Vine StPhiladelphia, PA 19106

Property Details for 219 Vine St

Year built

1890

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

52,416 SF

Zone code

CMX3

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

88-1-0063-23

APU

881006323

Description

This exceptional Old City retail property at 219 Vine St, Philadelphia, PA 19106 offers three available suites ranging from 1,184 to 4,590 contiguous square feet. The building, situated at the corner of Vine St and N 3rd St, boasts 90 feet of prime Vine Street frontage, ensuring high visibility and pedestrian traffic. Located within the CMX-3 zoned Old City submarket, this two-story building presents a unique opportunity for businesses seeking a vibrant location. The property's strategic position provides easy access to major roadways including I-95, I-676, and Columbus Boulevard, as well as Penn's Landing and public transportation. Benefit from the high volume of tourists and foot traffic characteristic of this historically significant and densely populated neighborhood. The flexible space allows for various retail concepts, making it an ideal investment for businesses seeking a prominent presence in Philadelphia's Old City. The building consists of one structure with a total of three suites.

• CAP approach

  CAP return

  Valuation

  6%

  $20,938,330

  6.5%

  $19,327,690

  7%

  $17,947,140

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,615,446

  Geo Method

  $10,615,446

• Alternative Use

  Use

  Valuation

  Residential

  $19,327,690

  Hospitality

  $17,704,060

  Educational

  $14,729,570

  Medical

  $15,236,143

  Retail

  $22,912,664

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.956

Longitude

-75.1436

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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