Office Space
499 North 5th Street Philadelphia, PA 19123
Details & Description
Price: $12,000,000
    Minimum Offer / Bid: $12,000,000.00 (Twelve Million)Minimum Deposit: 10% of Offer PriceTiming of Acceptance: Immediate (Seller reserves the right for Call for Offers)Condition of Property Conveyance: As-IsProperty Closing: To occur not later than Q4 2020Short Term Rent Option: Current Owner shall have the option to enter into a short term lease with the Buyer at a rental rate to be determinedHighlights1.5-acre developable siteLocation is in one of the hottest Philadelphia's markets for redevelopmentDesirable CMX-3 zoningCorner property at recognizable intersection of two major City streets (Spring Garden St and 5th Street)Excellent access to the two primary City Highways (I-95 and I-676)Location is equally accessible to the Central Business District and many of the City's most popular neighborhoodsGreat residential and/or retail development with by-right zoning in place
    Listing Agents
    Brian Edmonds

    O: 215-399-0048
    M: 215-868-5785
    brian@greenwoodcre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    499 North 5th Street

    Philadelphia, PA 19123

    Listing ID: 207359
    • 499 North 5th Street Philadelphia, PA 19123 | for Sale | Photo 1
    • 499 North 5th Street Philadelphia, PA 19123 | for Sale | Photo 2
    499 North 5th Street | for Sale | Thumbnail 1
    499 North 5th Street | for Sale | Thumbnail 2
    Building Size: 36,000 SF
    Lot Size: 1.500 AC
    Land Size: 65,340 SF
    Building $/SF: $333.33
    Land $/SF: $183.65
    Price
    $12,000,000
    Description

    Minimum Offer / Bid: $12,000,000.00 (Twelve Million)

    Minimum Deposit: 10% of Offer Price

    Timing of Acceptance: Immediate (Seller reserves the right for Call for Offers)

    Condition of Property Conveyance: As-Is

    Property Closing: To occur not later than Q4 2020

    Short Term Rent Option: Current Owner shall have the option to enter into a short term lease with the Buyer at a rental rate to be determined

    Highlights

    1.5-acre developable site

    Location is in one of the hottest Philadelphia's markets for redevelopment

    Desirable CMX-3 zoning

    Corner property at recognizable intersection of two major City streets (Spring Garden St and 5th Street)

    Excellent access to the two primary City Highways (I-95 and I-676)

    Location is equally accessible to the Central Business District and many of the City's most popular neighborhoods

    Great residential and/or retail development with by-right zoning in place

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Office Space for Sale

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    Philadelphia Area Market Trends

    Listing Demographics for 499 North 5th Street Philadelphia, PA 19123

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population43,485463,868952,490
    Population Median Age373636
    Population by Age0-9 Yrs3585 (8%)50001 (10%)120747 (12%)
    10-19 Yrs2430 (5%)50777 (10%)118516 (12%)
    20-29 Yrs11709 (26%)101438 (21%)184348 (19%)
    30-39 Yrs10270 (23%)88263 (19%)155325 (16%)
    40-49 Yrs4606 (10%)47310 (10%)103107 (10%)
    50-59 Yrs3994 (9%)48782 (10%)107352 (11%)
    60-69 Yrs3423 (7%)41843 (9%)88383 (9%)
    70+ Yrs3467 (7%)35454 (7%)74712 (7%)
    Median HH Income$83,300$51,720$42,325
    Total Household Income< 24K3963 (19%)57499 (30%)125880 (34%)
    25-49K2615 (13%)35910 (18%)79399 (21%)
    50-74K2685 (13%)27306 (14%)54068 (14%)
    75-99K2372 (11%)18814 (9%)35119 (9%)
    100-199K5835 (29%)34799 (18%)53971 (14%)
    200K+2631 (13%)16761 (8%)20690 (5%)
    Highest Education LevelNo Diploma371752772113849
    Diploma or GED525379543193812
    Some College36944009397029
    Assoc. Degree11431286230611
    Bachelors Degree1099873900111723
    Higher Degree97096452888988
    Total Housing Units22,683224,038432,035
    --Owner-Occupied7,45584,529172,922
    --Renter-Occupied12,644106,560196,205
    Owner-Occupied Values< 100K2081983561658
    100-199K6901655944706
    200-299K15321495225830
    300-399K18931165814933
    400-499K93768148716
    500K+21951471217079
    Total Working Age Population38,628389,186765,175
    In Work Force27,625244,199459,693
    Not In Work Force11,003144,987305,483
    Workforce Employed26,192224,059417,275
    Workforce Unemployed1,37519,95442,226
    Civlian Workforce27,567244,012459,502
    Military Workforce58186191
    Total Households20,099191,089369,126
    Family Households7,16884,557186,330
    Non-Family Households12,932106,532182,797
    Married Couple4,85345,67987,758
    Other Family2,31538,87898,572
    Married w/Child1,51415,45631,364
    Single Male w/Child2763,6299,006
    Single Female w/Child77014,68439,774

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Burlington County423,394+6448,7340450,000+3464,900
    Camden County508,932+1513,6570511,800+2521,000
    Gloucester County254,673+13288,288+1292,000+5305,800
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Delaware County550,864+1558,979+5588,436+6622,307
    Montgomery County750,097+7799,874+5838,883+6891,868
    Philadelphia County1,517,550+11,526,006+81,653,729+61,753,054

    Total Working Age Population:

    Total Households:

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    Total Working Age Population:

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    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 499 North 5th Street in Philadelphia?
    The asking price for 499 North 5th Street is $12,000,000
    What is the building size of this Office property in Philadelphia, PA?
    The size of the building/unit at 499 North 5th Street in Philadelphia is 36,000 square feet
    How much land does the Philadelphia, PA property at 499 North 5th Street include?
    499 North 5th Street in Philadelphia includes 1.500 acres of land
    What kind of Office is the propery at 499 North 5th Street?
    The property at 499 North 5th Street Philadelphia, PA 19123 is listed as a Professional Office property
    What is the population within 1 mile of 499 North 5th Street in Philadelphia?
    The population within 1 mile of 499 North 5th Street Philadelphia, PA 19123 is 43,485 people.
    Who do I contact for questions about 499 North 5th Street?
    You should contact the listing agent, Brian Edmonds, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 8
    Newark Liberty International Airport (EWR) 72
    John F Kennedy International Airport (JFK) 86