228 13th St 38 Philadelphia, PA 19107-1538
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMX4 · Philadelphia, PAPhiladelphia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.