For Sale $8,000,000
Property Type Multi-Family
Property Size 86,415 SF
Date Updated Feb 12, 2024

432 W Allegheny Avenue is a overbuild development opportunity to add residential units to the existing 86,415 SF building plus 2,500 SF ancillary building. The rents from the current tenants, Acelero Learning and Legacy Furniture, would be used to offset costs while developing the second floor of the building. If necessary, the space occupied by Legacy Furniture can be delivered vacant. The small building to the east, currently leased by a dental clinic, can be demolished for a parking and delivery entrance to be developed for apartments above. ICMX zoning which doesn’t allow residential development. Seller will work with Buyer to gain approvals for zoning variance. The Seller owns the adjoining shopping center. PARKING: There parking to the east of the main building between the furniture store and the dental clinic and parking to the west with 38 space.432 W Allegheny Avenue is a overbuild development opportunity to add residential units to the existing 86,415 SF building plus 2,500 SF ancillary building. The rents from the current tenants, Acelero Learning and Legacy Furniture, would be used to offset costs while developing the second floor of the building. If necessary, the space occupied by Legacy Furniture can be delivered vacant. The small building to the east, currently leased by a dental clinic, can be demolished for a parking and delivery entrance to be developed for apartments above. ICMX zoning which doesn’t allow residential development. Seller will work with Buyer to gain approvals for zoning variance. The Seller owns the adjoining shopping center. PARKING: There parking to the east of the main building between the furniture store and the dental clinic and parking to the west with 38 space.

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Contacts

Steven Clofine

MPN Realty

(267) 546-1755

Location

Getting Around

Walk Score ®
83/100 Very Walkable
Transit Score ®
67/100 Good Transit
Bike Score ®
62/100 Bikeable

Map
Street

City Philadelphia, PA
Neighborhood Fairhill
Zip Code 19133
Market Philadelphia

Points of Interest

Shannon Cab Co.

0.44 miles
Allegheny

0.84 miles
Huntingdon

0.88 miles
North Philadelphia

0.94 miles
Somerset

0.95 miles
North Broad

0.99 miles
York-Dauphin

0.99 miles
Erie

1.02 miles
Susquehanna-Dauphin

1.28 miles
Allegheny

1.28 miles

Conoco

0.47 miles
Speedway

0.47 miles
Lukoil

0.51 miles
Liberty

0.63 miles
Sunoco

1.00 miles
Gulf

1.14 miles
PnP Gas

1.22 miles
J&H Car Charging Station

1.43 miles
Speedway

1.51 miles
Lukoil

1.64 miles

Ontario Parking Garage

0.78 miles
Tioga Parking Garage

0.87 miles
Ontario West Parking Garage

0.92 miles
Saint Christopher's Hospital for Children Accessory Parking lot

0.93 miles
Carlisle West Parking Garage

0.95 miles
Lot 10

1.34 miles
Lot 7

1.40 miles
Montgomery Garage

1.48 miles
Bell Garage

1.53 miles
Tuttleman Lot

1.58 miles

Conwell Inn

1.55 miles
Wm. Mulherin's Sons Hotel

1.89 miles
Henry

2.63 miles
Days Inn

2.71 miles
Four Points by Sheraton Philadelphia City Center

3.18 miles
Clarion Suites Philadelphia

3.19 miles
Days Inn Philadelphia Convention Center - Philadelphia

3.19 miles
Hampton Inn Philadelphia Center City - Convention Center

3.20 miles
Holiday Inn Express Philadelphia E - Penns Landing

3.21 miles
Sleep Inn Center City

3.25 miles

Lucky Garden

0.19 miles
Sabor Latino

0.26 miles
New Hong Kong

0.26 miles
Happy House

0.27 miles
Happy Wok

0.39 miles
China Dragon

0.40 miles
El Esfuerzo Restaurant

0.43 miles
Casa del Buen Gusto

0.44 miles
Cheng Long

0.44 miles
Di Napoli Pizza

0.44 miles

Brightside Academy

0.16 miles
Potter-Thomas Elementary School

0.18 miles
Luis Munoz-Marin Elementary School

0.21 miles
Luis Munoz Martin Elementary School

0.25 miles
Pan American Academy Charter School

0.32 miles
One Bright Ray Community High School: Fairhill Campus

0.33 miles
Julia de Burgos Elementary School

0.44 miles
William Cramp Elementary School

0.47 miles
Isaac A. Sheppard School

0.48 miles
Saint Hughs School

0.52 miles

Adolfina Villanueva Child Development Center

0.42 miles
Acelero Learning

0.55 miles
In Mommie's Arms

0.58 miles
Lydia's Leaps & Bounds

0.59 miles
KenCrest Early Education Center

0.85 miles
Brightside Academy

0.90 miles
American Academy for Early Education

0.93 miles
Shake Rattle and Roll Learning Center

1.00 miles
We Care Learning Center

1.01 miles
Norris Square Community Alliance Head Start Center

1.23 miles

Frequently Asked Questions

What is the lease rate for 432 West Allegheny Avenue?

Rental asking rate at 432 West Allegheny Avenue is $4,000,000.00/YR.

What is the total square footage of 432 West Allegheny Avenue?

432 West Allegheny Avenue totals 86,415 square feet.

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