Tina Poss
Office: 301.698.3232
Cell: 301.514.4233
3503 Midvale Ave, PHILADELPHIA
$10,500,000
0 Beds
0 Baths
30,000 Sqft
.28 Acres
0 Garages
INTRODUCING: THE GRACE — named for a Philadelphia icon, Grace Kelly — this boutique new construction apartment property is nestled in the northwest hills of East Falls in Philadelphia, Pennsylvania. Nearly fully leased in its first year of occupancy, 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 with studios, 1bd and 2bd apartments, 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.
Essential Information
MLS® #PAPH2385318
Price$10,500,000
Bathrooms0.00
Square Footage30,000
Acres0.28
Year Built2024
TypeCommercial Sale
Sub-TypeFive Or More Units
StatusActive
Community Information
Address3503 Midvale Ave
Area19129
SubdivisionEAST FALLS
CityPHILADELPHIA
CountyPHILADELPHIA-PA
StatePA
MunicipalityPHILADELPHIA
Zip Code19129
View
City, River, Park/Greenbelt, Panoramic
Interior
HeatingWall Unit
CoolingDuctless/Mini-Split
# of Stories5
Exterior
RoofOther
FoundationConcrete Perimeter
District
THE SCHOOL DISTRICT OF PHILADELPHIA
Additional Information
ZoningCMX25
Listing Details
OfficeKeller Williams Liberty Place
Office Contact6093995454
Property History
Price Reduced from $11,000,000 to $10,500,000
LISTING MAP
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Listing information last updated on December 22nd, 2024 at 1:03pm EST.
