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27317843

500 N Columbus Blvd Unit B, Philadelphia, PA 19123

PS
PA PA RSR002048, NY NY 10401269985
Scope Investment Real Estate Services
JL
PA RS351792
Scope Investment Real Estate Services
ZR
PA RS347618
Scope Investment Real Estate Services
Listed by Scope Investment Real Estate Services
Unpriced
342 days on market
Updated 139 days ago
Under Contract

The Philadelphia Warehousing and Cold Storage Building

Details
Property Type Industrial, Multifamily
Sub Type Apartment Building, Warehouse
Square Footage 74,640
Units 84
Year Built 1891
Buildings 1
Stories 6

111-Unit Preservation & Overbuild

Marketing description

SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present a unique opportunity to acquire an adaptive reuse multifamily development within the historic Philadelphia Warehousing and Cold Storage Company Building Complex. Prominently located at the corner of Columbus Boulevard and Noble Street.

Plans envision an eight-story preservation project with story overbuild. Once complete, the total unit count will be 84 units with amenity space and parking. Residents will enjoy sweeping views of the Delaware River and the Benjamin Franklin Bridge, offering a dramatic and picturesque urban backdrop.

Originally designed by brewery architect Otto C. Wolf, the building’s historic character is being preserved and enhanced through key architectural refinements. These include the retention of the iconic eighth-floor ghost sign and newly approved window openings in the building’s 32-inch-thick brick walls. The project received approval from the Philadelphia Historical Commission, and ownership has partnered with Mural Arts Philadelphia to relocate the iconic “Our Flag Unfurled” mural from Building B to Building C.

The site enjoys access via Columbus Boulevard, Noble Street, and the pedestrian-friendly Beach Street corridor. Unit D is part of the 500 North Columbus Boulevard Condominium, with an annual HOA fee of $2,031, which covers common infrastructure and Beach Street maintenance. The recorded address is 500 N Columbus Blvd, Unit B.

Strategically positioned near the intersection of Columbus Boulevard and Spring Garden Street, the property offers excellent transit and highway access. It is walkable to the Spring Garden SEPTA Station (Market-Frankford Line), and minutes from I-95 and the Vine Street Expressway.

Investment highlights

74,640 SF Adaptive Reuse | Delivered with 84-unit zoning & historic approval

Scale and Design | Over 80,000 square feet of potential building area, including an eight-story preserved structure with an optional story, stepped-back overbuild

HTC & Abatement | Possibility for HTC while capturing the legacy full 10-year tax abatement on the existing portion of the development (please consult your consultants for confirmation).

Iconic Waterfront Views | Direct views of Delaware River and the Benjamin Franklin Bridge

Listing Contacts

PS
PA PA RSR002048, NY NY 10401269985
Scope Investment Real Estate Services
JL
PA RS351792
Scope Investment Real Estate Services
ZR
PA RS347618
Scope Investment Real Estate Services
Listed by Scope Investment Real Estate Services

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Additional Information

Name
Phil Sharrow
License
PA RSR002048
Name
Joe Loonstyn
License
RS351792
Brokerage
SCOPE Commercial Real Estate Services
Title
Senior Associate
Brokerage Address
1233 Hamilton St
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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