Former Rite Aid | Center City Philadelphia
This prime corner places your development at the epicenter of a thriving tourist hub.
Marketing description
Equity CRE is pleased to present this rare opportunity to acquire a 7,600 SF building at one of the most renowned and vibrant locations in Center City Philadelphia. The CMX-5 zoning allows for a diverse range of residential and commercial uses, empowering you to tailor your project to perfectly suit this vibrant location.
A booming hub at the epicenter of Center City, Philadelphia's fastest-growing neighborhood. From 2011-2022, the area has witnessed a remarkable population surge of 26%, and this growth trajectory shows no signs of slowing down. This vibrant and dynamic location offers exceptional advantages for your development
Investment highlights
Transit Oriented Development: Situated directly next to the 8th and Market SEPTA/PATCO station entrance, the property boasts exceptional access to public transportation to the Market/Frankford Line, PATCO's Lindenwold Line, the Broad Ridge Line, and Concourse access to Regional Rail Lines.
Thriving Medical Hub: Directly adjacent to the esteemed Jefferson Hospital (957 beds) and within a half-mile radius of 10 additional Jefferson Medical buildings (housing a total of 42,000 employees), your development is ideally positioned to cater to this well-established and ever-expanding medical community. Furthermore, Penn Hospital (520 beds) and the entire Penn Medical System (49,000 employees) are conveniently located within a 2-mile radius, significantly broadening your reach.
Academic Hub: Just a half-mile away sits the prestigious Thomas Jefferson University (with over 7,900 students), renowned for its leading medical and health sciences programs. Within a 2-mile radius, you'll find the vibrant campuses of Drexel University (enrolling over 22,000 students) known for its innovative engineering and technology programs, and the world-renowned University of Pennsylvania (with more than 23,500 students), a leader in law, business, and medicine. These top-ranked institutions create a dynamic hub of intellectual energy. This translates to a thriving student population that presents a valuable and dynamic customer base for your development.
Unparalleled Location in America’s Birthplace: This prime corner places your development at the epicenter of a thriving tourist hub. The country's first World Heritage City, Philadelphia is also the birthplace of the United States, where our Founding Fathers met, discussed, debated, and formed a new country. Lucky for 21st-century visitors, so much of Philadelphia's history has been preserved. Imagine the possibilities - a boutique hotel steps away from iconic landmarks, high-end retail capturing visitor attention, or a vibrant mixed-use space catering to both residents and tourists.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
