Investments Sales Management

3503 MIDVALE AVENUE

PHILADELPHIA , PA 19129

MLS#: PAPH2385318

$9,750,000

Status: Active
Listing number: PAPH2385318
Listing provided by: Keller Williams Liberty Place
Listing agent phone: None
Last update: a month ago
Browse Properties
EAST FALLS - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2024

Sq.Footage

N/A

INTRODUCING: THE GRACE — named for a Philadelphia icon, Grace Kelly — this boutique, 34-unit, ±30K SF new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. This premium turnkey multifamily asset commands an impressive streetscape presence on Midvale Avenue — the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting where extremely high barriers-to-entry exists, the building is comprised of studios, 1bd and 2bd apartments and commercial space. Residents have access to a fully furnished fitness center on the ground floor to practice everyday health and wellness, as well as a panoramic rooftop terrace showcasing views of the lush surrounds. The Property is set back from the bustling Ridge Ave corridor and tucked into the landscape, providing a quiet respite for residents. Yet, it’s just steps from the plentiful shops, restaurants, cafes and amenities in the East Falls borough, and equally convenient to Main Street Manayunk, The Schuylkill River Trail, Septa’s regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much more—just outside of the urban core. The asset carries the benefits of a 10 year tax abatement along with minimal expenditures, in an area poised for above-average rent growth and appreciation — NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Ductless, Electric

  • Heating YN

    YES

  • Heating

    Electric

Exterior

  • Garage

    No

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Water, City, River, Park/Greenbelt, Panoramic

Area & Lot

  • Lot Size(acres)

    0.28

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $9,750,000

  • Tax Amount

    2418.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    5

  • Accessibility Features

    Accessible Elevator Installed

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Public Sewer

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Location

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PHILADELPHIA

Elementary School

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Listing Courtesy of Ryan J McManus , Keller Williams Liberty Place

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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INTRODUCING: THE GRACE — named for a Philadelphia icon, Grace Kelly — this boutique, 34-unit, ±30K SF new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. This premium turnkey multifamily asset commands an impressive streetscape presence on Midvale Avenue — the winding, bucolic avenue which runs from the top of the hill to the Schuylkill River. Located in the storybook East Falls setting where extremely high barriers-to-entry exists, the building is comprised of studios, 1bd and 2bd apartments and commercial space. Residents have access to a fully furnished fitness center on the ground floor to practice everyday health and wellness, as well as a panoramic rooftop terrace showcasing views of the lush surrounds. The Property is set back from the bustling Ridge Ave corridor and tucked into the landscape, providing a quiet respite for residents. Yet, it’s just steps from the plentiful shops, restaurants, cafes and amenities in the East Falls borough, and equally convenient to Main Street Manayunk, The Schuylkill River Trail, Septa’s regional rail station, Jefferson University, Wissahickon Valley Park, Bala Cynwyd shopping + office districts, and so much more—just outside of the urban core. The asset carries the benefits of a 10 year tax abatement along with minimal expenditures, in an area poised for above-average rent growth and appreciation — NW PHL. BUYER RESPONSIBLE TO VERIFY TAXES, FINANCIALS, SF IN DD. 48HR NOTICE REQUIRED TO TOUR.

3503 MIDVALE AVENUE

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