Philadelphia, PA 19131,3905 FORD RD

$8,750,000

$9,995,000

12.5%
Est.Price: ?

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Est. payment /mo

127,765 SqFt


SOLD DATE : 07/22/2021

Key Details

Sold Price $8,750,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 127,765 sqft

Price per Sqft $68

Subdivision Balwynne Park

MLS Listing ID PAPH1022382

Sold Date 07/22/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1965

Annual Tax Amount $117,130

Tax Year 2021

Lot Size 4.213 Acres

Acres 4.21

Lot Dimensions 502.00 x 221.00

Property Description

3905 Ford Road sits on a massive 4.21 acre site including an approximately 140,000.00 square foot office building, originally built as a hospital in 1965. Renovated in 2005, this property offers many options. It could continue as a passive investment with its current class A tenants and management company in place, or an astute developer could level the existing structure and build a new 400-600 unit residential tower, similar to many buildings in the same neighborhood. There are currently over 150 parking spaces at this location. Site plans and a phase 1 environmental study are on account. Centrally located near City Line Avenue, St Joseph's University, and Lower Merion township, and only a 15 minute drive to Center City, this location is bustling with new construction and roaring with a huge percentage of home ownership. This investment/ development site is too good to let pass by, make your move today!!

Location

State PA

County Philadelphia

Area 19131 (19131)

Zoning RM1

Interior

Hot Water Natural Gas

Heating Steam

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 150.0

Waterfront N

Water Access N

Accessibility Other

Parking Type Parking Lot

Total Parking Spaces 150

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 774016000

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Michael R. McCann • KW Philly
Bought with Andre Watson • KW Commercial
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