Office Space - For Sale
499 North 5th Street Philadelphia, PA 19123
Details & Description
Price: $12,000,000
  • Property Type Office for Sale : Professional
  • Lot Size Acres 1.500
  • Building Sq Ft 36,000
  • Building Price per Sq Ft $333.33
  • Land Sq Ft 65,340
  • Land Price per Sq Ft $183.65
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
SVN The Concordis Group
O: 215-399-0048
M: 215-868-5785
brian.edmonds@svn.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
$12,000,000
For Sale
  • Property Type Office for Sale : Professional
  • Lot Size Acres 1.500
  • Building Sq Ft 36,000
  • Building Price per Sq Ft $333.33
  • Land Sq Ft 65,340
  • Land Price per Sq Ft $183.65
  • 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
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

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

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.

Listing Location & Map Views
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Closest Commercial Airports
Airport Distance (mi)
Philadelphia International Airport (PHL) 8
Newark Liberty International Airport (EWR) 72
John F Kennedy International Airport (JFK) 86
Listing Agent
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