Description
We are pleased to present the exclusive offering of 701 W York Street, a 43,035 SF adaptive reuse projectin Philadelphia. This property is a vacant former school under conversionv into a 40-unit multifamily development. Ownership has completed extensive structural and framing upgrades, including the installation of steel beams and reinforced concrete dividers, offering investors a robust foundation on which to complete and stabilize the project.The property is fully entitled, with Building Permits approved for Level III interior alterations. It is offered as-is at $3,500,000 | $81 PSF, representing an opportunity to acquire a partially completed project with significant upside through completion, lease-up, and subsequent refinancing. Originally constructed in 1910 as St. Edward the Confessor School, the buildings enduring masonry facade and institutional character provide a distinctive architectural presence"positioning the redevelopment to blend historic charm with modern multifamily living.
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0BEDS
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0.33ACRES
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0BATHS
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01/2 BATHS
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40,800SQFT
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$86$/SQFT
Description
We are pleased to present the exclusive offering of 701 W York Street, a 43,035 SF adaptive reuse projectin Philadelphia. This property is a vacant former school under conversionv into a 40-unit multifamily development. Ownership has completed extensive structural and framing upgrades, including the installation of steel beams and reinforced concrete dividers, offering investors a robust foundation on which to complete and stabilize the project.The property is fully entitled, with Building Permits approved for Level III interior alterations. It is offered as-is at $3,500,000 | $81 PSF, representing an opportunity to acquire a partially completed project with significant upside through completion, lease-up, and subsequent refinancing. Originally constructed in 1910 as St. Edward the Confessor School, the buildings enduring masonry facade and institutional character provide a distinctive architectural presence"positioning the redevelopment to blend historic charm with modern multifamily living.
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