432 West Allegheny Avenue, Philadelphia, PA for sale

Investment Overview

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.