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30930543
30930544

3205 Spring Garden St, Philadelphia, PA 19104 For Sale

KW
PA 10401252368
GREA
SR
FL SL3567994
GREA
CL
PA RS279134, DE RS001640 (+2)
DY
PA RS356467
GREA
AS
NY 10401388938
GREA
Listed by GREA
$19,000,000
128 days on market
Updated 47 days ago
Opportunity zone

3205 SPRING GARDEN STREET

Details
APN 88-1040700
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 50,176
Units 48
Beds 133
Pro-Forma Cap Rate 6.00%
Price per SqFt $379
Year Built 2022
Buildings 1
Stories 4
Lot Size (SqFt) 18,271
Zoning RM-1

Multifamily | 48 Units | $395,833/unit

Marketing description

An architectural masterpiece featuring 48 units and 133 beds. This building is the "Sustainability" flagship, featuring a green roof and eco-friendly design. It commands top-of-market rents due to its unique aesthetic and "Green" branding.

Located at 32nd & Spring Garden Street, this 4-story site covers approx. 50,176 SF. Amenities include an "Expresso Go" interactive bike studio and a green roof terrace. It is located steps from the Schuylkill River Park and Drexel’s athletic fields.

University City is recognized as a regional leader in science and innovation, featuring distinguished universities and hospitals. The neighborhood spans 2.4 square miles and accommodates over 50,000 residents, alongside 85,000 jobs in various sectors, including medicine, higher education, real estate, technology, and hospitality.

University City offers extensive real estate development opportunities and provides some of the region's best transportation infrastructure, including highly accessible bicycle and pedestrian thoroughfares. This prominent section of the City stands as a cultural destination and transportation hub, as well as an employment center that supports significant development projects and advances in life sciences.

With a diverse population, varied housing and rental options, exceptional educational institutions and medical facilities, and a wide array of amenities, University City is considered one of Philadelphia’s premier neighborhoods and is well-positioned to address both current and future needs.

Listing Contacts

KW
PA 10401252368
GREA
SR
FL SL3567994
GREA
CL
PA RS279134, DE RS001640 (+2)
DY
PA RS356467
GREA
AS
NY 10401388938
GREA
Listed by GREA

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