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Property profile & analytics
FOR LEASE
Apartment buildings

3502 Scotts Ln Philadelphia, PA 19129

95,287 SF 3.04 ac lot Built 1940
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-1558459
Property summary
AI-generated overview

This exceptional 650-square-foot office space at 3502 Scotts Lane, Unit 7213, Philadelphia, PA 19129, presents a unique opportunity for businesses seeking a stylish and functional workspace. Previously used as a photography studio, this newly renovated property boasts a bright and airy feel, distributed across two levels. The space includes a private kitchenette, perfect for preparing refreshments or light meals, and a private bathroom for added convenience and privacy. Central heating and cooling ensure year-round comfort, while security cameras provide peace of mind. Building amenities are extensive and include a secured package and mail room, an electric vehicle charging station, and a pet-friendly environment. Enjoy the added benefits of a community courtyard, a community dog park, free parking, and a free fitness facility. Located in Philadelphia County, Pennsylvania, this single-tenant office space is ideal for a variety of businesses, from traditional office settings to creative agencies and executive suites. Its prime location offers easy access to various city amenities and transportation options. This is a truly exceptional opportunity to secure a well-appointed and amenity-rich office space in a vibrant Philadelphia neighborhood.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1940
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 95,287 SF
Lot 3.04 ac (132,379 SF)
Zoning code IRMX
APN 88-1-1371-00
UPID US73-1558459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Growth Architeks Business Management Consultant
  • Jovan O'Connor Studio (Bike/Boat/Book/etc) Store
  • The Kairos Room Hotel & Motel Resort
  • Delaware Valley Computing Services Tech Support Center IT Consulting Firm
  • Marc Pro Art Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.39M
Blend (final) Blend
$10.35M
Owner & transaction history
Tmsl INC · 4 yrs held
Tmsl INC
since 2022
4 recorded transactions
2022
Price N/A
2007
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
IRMX · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

IRMX, Industrial Residential Mixed-Use District. The IRMX, Industrial Residential Mixed-Use district is primarily intended to accommodate a mix of very low-impact industrial uses, including artists and artisan industrial, and residential and neighborhood-oriented commercial uses. (.2) ICMX, Industrial Commercial Mixed-Use District. 299 The ICMX, Industrial C…

Zone name Industrial Residential Mixed Use
General category MIXED_USE
Zone area 190.81 ac
Source TITLE 14. ZONING AND PLANNING
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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