1232 Chancellor StPhiladelphia, PA 19107

Property Details for 1232 Chancellor St

Year built

1910

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

12,432 SF

Zone code

CMX5

Property type

Investment properties

Property subtype

Retail residential properties

APN

88-3-3181-00

APU

883318100

Description

This exceptional mixed-use property, located at 1232 Chancellor Street in Philadelphia, Pennsylvania's vibrant Midtown Village, presents a rare investment opportunity. The 11,582 square foot building, constructed in 1910, boasts four stories and comprises four units. Currently zoned CMX-5, it offers flexibility for a variety of uses, including executive office, medical office, and storefront retail spaces. The ground floor is currently occupied by a tenant, while floors two through four are vacant upon sale, providing immediate potential for redevelopment or owner-occupancy. The building features convenient access via both 13th Street and Chancellor Street, along with an elevator servicing all four floors and two separate stairwells. This property is ideal for an owner-occupier seeking a prominent location or an investor looking to capitalize on the thriving Midtown Village market. The building's versatile zoning and existing infrastructure create a strong foundation for a variety of future uses. This is a unique chance to acquire a substantial property in a highly desirable Philadelphia neighborhood. The property is being offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $4,966,142

  6.5%

  $4,584,132

  7%

  $4,256,694

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,517,766

  Geo Method

  $2,517,766

• Alternative Use

  Use

  Valuation

  Residential

  $4,584,132

  Hospitality

  $4,199,040

  Educational

  $3,493,552

  Medical

  $3,613,700

  Retail

  $5,434,414

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9486

Longitude

-75.162

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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