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338-48 E WALNUT LN Philadelphia, PA 19144
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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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Bought with Christopher Plant • Elfant Wissahickon-Chestnut Hill