Philadelphia, PA 19144,338-48 E WALNUT LN
Philadelphia, PA 19144,338-48 E WALNUT LN
Philadelphia, PA 19144,338-48 E WALNUT LN
68
$1,450,000
$1,450,000
Est.Price: ?

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39,000 SqFt

338-48 E WALNUT LN Philadelphia, PA 19144

Est. payment /mo
SOLD DATE : 12/19/2019

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Key Details

Sold Price $1,450,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 39,000 sqft

Price per Sqft $37

Subdivision Germantown (East)

MLS Listing ID PAPH841546

Sold Date 12/19/19

HOA Y/N N

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $9,661

Tax Year 2020

Lot Size 1.270 Acres

Acres 1.27

Lot Dimensions 100.00 x 512.00

Property Description

With over 39,000 square feet of rentable space, 338-348 E. Walnut Lane is a prime investment opportunity in developing Germantown. This parcel, with two buildings built in 1925 and carefully renovated through the years, consists of a two-building office and light industrial complex on 1.27 acres of land, 39,000 square feet of rentable space, and parking for 50+ vehicles.Building One, with frontage on Walnut Lane, consists of a tenant occupied, 4,200 square foot, class-B office space with a newly paved 20+ spot parking lot.Building Two, at 34,800 square feet and stretching back to a separate entrance on High Street, is separated into six units. Unit One has a rentable area of 15,000 square feet including 6,000 of office space and 9,000 square feet of lower level industrial space. Unit 2 is a leased 5,200 square feet manufacturing/warehouse space. Unit Three is composed of 6,600 square feet of unfinished industrial space. Unit Four represents 1,000 square feet of finished office space and includes separate, gated parking area and a roll up door with access to 2,200 square feet of unfinished industrial space. Units Five and Six are 1,900 square feet and 2,300 square feet respectively and leased as woodshops.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning ICMX

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility Ramp - Main Level

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Theodore Roosevelt

Middle Schools Theodore Roosevelt

High Schools Germantown

School District The School District Of Philadelphia

Others

Tax ID 884914700

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Christopher Plant • Elfant Wissahickon-Chestnut Hill
Bought with Christopher Plant • Elfant Wissahickon-Chestnut Hill

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Joanna Dieter

Agent | License ID: 665620

+1(410) 949-6855

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