Philadelphia Salvation Army Building For Sale
Philadelphia Salvation Army Building For Sale
I was perusing the new Philadelphia MLS listings today when I noticed that the former Salvation Army building in Society Hill was now listed for sale.
Attention investors and developers! Here’s an amazing development opportunity in one of Philadelphia’s most premier locations. Property consists of a ~26,000 sq ft historic building and a ~6,000 sq ft lot – the former Salvation Army building in Society Hill. Potential for apartments, condos, townhomes or a stunning single family home. Property may be eligible for historic tax credits. Property needs imagination and work, but could be an amazing project for your portfolio. On the corner of 3rd and Willings Alley, between Walnut and Locust streets in Society Hill. Property being sold as is.
Here’s a description of the property from the owner’s website:
Once in a life time opportunity in Society Hill, one block from Independence Hall. The property consists of a four story historic building of about 14,000 sq feet plus the basement. Next to the building there is a lot with non historic structures that can be taken down. The total lot size is about 136×102. See the plot plan below. The building lays out perfectly for four single family homes, offices, eight townhouses or a single family home with Pool/Tennis. The property is for sale, “as is” with no contingencies. The seller might accept 10% down, non refundable for one year while the buyers gets their approvals. At the end of a year the seller could settle or perhaps give another 10% for an extension. The seller might hold a first mortgage until construction is complete. $3,950,000.
Here is the lot plan mentioned:
Here are the plans for the 8 homes:
Philadelphia Salvation Army Building
Contact Frank L. DeFazio at 610.636.4364 or [email protected] for more information or to schedule a showing.
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Blog post compliments of CenterCityTeam’s Philadelphia Real Estate Blog
Frank L. DeFazio, Esquire
Prudential Fox & Roach Realtors – Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
215.521.1623 Direct
610.636.4364 Cellular
888.308.1148 Fax
[email protected]
CenterCityTeam.com: Philadelphia Real Estate
