$8,750,000
$9,995,000
12.5%For more information regarding the value of a property, please contact us for a free consultation.
127,765 SqFt
SOLD DATE : 07/22/2021
Key Details
Sold Price $8,750,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 127,765 sqft
Price per Sqft $68
Subdivision Balwynne Park
MLS Listing ID PAPH1022382
Sold Date 07/22/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1965
Annual Tax Amount $117,130
Tax Year 2021
Lot Size 4.213 Acres
Acres 4.21
Lot Dimensions 502.00 x 221.00
Property Description
3905 Ford Road sits on a massive 4.21 acre site including an approximately 140,000.00 square foot office building, originally built as a hospital in 1965. Renovated in 2005, this property offers many options. It could continue as a passive investment with its current class A tenants and management company in place, or an astute developer could level the existing structure and build a new 400-600 unit residential tower, similar to many buildings in the same neighborhood. There are currently over 150 parking spaces at this location. Site plans and a phase 1 environmental study are on account. Centrally located near City Line Avenue, St Joseph's University, and Lower Merion township, and only a 15 minute drive to Center City, this location is bustling with new construction and roaring with a huge percentage of home ownership. This investment/ development site is too good to let pass by, make your move today!!
Location
State PA
County Philadelphia
Area 19131 (19131)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Steam
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 150.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 150
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 774016000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Andre Watson • KW Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "