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Property profile & analytics
OFF-MARKET Estimated value $10,405,000
Apartment buildings

3232 Henry Ave 3 Philadelphia, PA 19129-1241

56,090 SF 0.29 ac lot Built 1950
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US73-4548434
Property summary
AI-generated overview

This exceptional Class A medical office building, located at 3232 Henry Ave in Philadelphia's East Falls submarket, offers 15,065 square feet of vacant space divisible into units ranging from 3,650 to 6,909 square feet. The single-story, 322,262 square foot building, renovated in 2022, sits on an 11-acre lot and features ample parking. Its Commercial zoning allows for versatile use, ideal for medical practices or other office tenants. The property boasts a prime location with easy access to major highways and high visibility for optimal business exposure. This new construction development is part of a larger mixed-use campus, offering tenants and their employees access to numerous amenities including a coffee shop, on-site gym, rooftop terrace, walking trail, community garden, and dog park. The open floor plan and abundant natural light create a welcoming and productive work environment. The property is situated in Philadelphia County, PA, with the APN 1001272058. This is a unique opportunity to establish a presence in a thriving, amenity-rich community. The building's modern design and prime functionality cater to a variety of business needs, whether a move-in ready space or a build-to-suit opportunity is desired.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 56,090 SF
Lot 0.29 ac (12,456 SF)
Zoning code RSA5
APN 88-6-6703-00
UPID US73-4548434
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
  • DaVita Henry Avenue Dialyisis Medical Clinic
  • InnovAge Pennsylvania LIFE - Henry Avenue Center Geriatric Care Provider Nursing Home
  • Corizon Medical Clinic
  • NewCourtland Apartments at Henry Avenue Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.41M
Owner & transaction history
Newcourtland Apartments Of Henry · 8 yrs held
Newcourtland Apartments Of Henry
since 2017
1 recorded transaction
2017
$481,790
Zoning & alternative use
RSA5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

tial Single-Family Detached-3 R2 RSA-1 Residential Single-Family Attached-1 R3 RSA-2 Residential Single-Family Attached-2 R4 RSA-3 Residential Single-Family Attached-3 R5 RSA-4 Residential Single-Family Attached-4 R6 R7 RSA-5 Residential Single-Family Attached-5 R9A R10A R20 RSA-6 Residential Single-Family Attached-6 NA (new district) RTA-1 Residential Two-F…

Zone name Residential Single Family Attached
General category RESIDENTIAL
Zone area 10,695.07 ac
Source TITLE 14. ZONING AND PLANNING
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