228 13th St, Unit 38 Philadelphia, PA 19107-1538
- Hotels
- 21,576 SF
- 0.24 lot acres
Current Use by Public Records
- Hotels
Property Details for 228 13th St
- Year built
- 1950
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.24 lot acres
- Property size
- 21,576 SF
- Zone code
- CMX4
- Property type
- Hotels
- APN
- 88-3-7043-00
- APU
- 883704300
Description
This mixed-use building at 228-238 N 13th Street in Philadelphia, PA, offers 21,576 square feet of vacant space. The property features a fee-simple ownership structure and sits on a 10,463 square foot lot with three-sided frontage along 13th Street, Florist Street, and North Clarion Street. Its CMX-4 zoning allows for a variety of uses, making it an attractive investment opportunity. Currently configured as a traditional office building with two floors and a basement, the building's location within a Qualified Opportunity Zone (QOZ) provides significant tax advantages for investors. The property benefits from a transit-oriented location, just one block from the Race/Vine station on the Broad Street Line and Jefferson Station Regional Rail, offering convenient access to public transportation. Furthermore, its proximity to major highways, including I-676, I-76, and I-95, ensures excellent connectivity throughout the region. The building's prime location in the Vine Street corridor area provides centralized access to the entire city and presents significant potential for development within the thriving multifamily, retail, and hospitality sectors of Philadelphia. This vacant building presents a unique opportunity for redevelopment or repositioning in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,425,000
- 6.5%
- $2,760,000
- 7%
- $2,320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,460,000
- Geo Method
- $2,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,260,000
- Retail
- $2,190,000
- Mixed-Use
- $2,655,000
- Hospitality
- $2,580,000
- Educational
- $2,800,000
- Residential Income
- $2,815,000
- Energy
- $2,405,000
- Income-Based Land
- $2,150,000
- Food Service
- $2,595,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1607
- Latitude
- 39.9569
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
