310 York AvePhiladelphia, PA 19106

Property Details for 310 York Ave

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

8,925 SF

Zone code

CMX3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-2875-00

APU

871287500

Description

Exceptional investment opportunity: This 9,000 square foot mixed-use building at 310 York Ave, Philadelphia, PA 19106, is priced at $3,399,000 ($377.67/sq ft). The three-story, 1920-built property boasts three apartments and one office space, all currently 100% occupied. Each apartment features high ceilings, abundant natural light, hardwood floors, and open floor plans, recently updated with new kitchens and appliances. The first floor includes a garage providing valuable off-street parking, a significant advantage in this location, along with a small office space. Situated in a tranquil residential area of Old City, the building enjoys proximity to vibrant nightlife and shopping. Its convenient location offers easy access to major roadways, including I-95 and I-676/Ben Franklin Bridge. The property sits on a 3,300 square foot lot and is zoned CMX-3. This multi-tenant building presents a strong cash flow opportunity for discerning investors seeking a well-maintained property in a desirable Philadelphia neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,875,178

  6.5%

  $2,654,010

  7%

  $2,464,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,166,140

  Geo Method

  $1,166,140

• Alternative Use

  Use

  Valuation

  Residential

  $3,290,973

  Hospitality

  $3,014,514

  Educational

  $2,508,040

  Medical

  $2,594,295

  Retail

  $3,901,395

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9565

Longitude

-75.1463

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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