503 South 41st Street Listing Details & Market Data

503 South 41st Street, Philadelphia, PA 19104

On behalf of ownership, GREA extends to investors the opportunity to acquire the fee simple interest in a 10-unit multifamily property situated at 503 South 41st Street. Located in the Spruce Hill section of University City Philadelphia, the Property attracts a highly educated tenant base that wants to be strategically located near the University of Pennsylvania, Drexel University, St. Joseph’s University, Penn Medicine, and the Children's Hospital of Philadelphia.

The Property presents new ownership with a significant value-add opportunity to increase rents by executing a variety of renovation plans from light renovation to a full gut of the apartment units and common areas.

Tenants have access to a wide variety of shopping and dining options in the Spruce Hill neighborhood, including numerous coffee shops and restaurants situated along the Baltimore Avenue corridor. The Property is located within minutes from major transportation routes including I-95, I-76, and I-676, presenting unparalleled access throughout the Philadelphia MSA. Additionally, tenants are just a 5-minute walk to The 42nd and Baltimore Street Station on the SEPTA Green Line Trolley carrying commuters to Center City, 30th Street Station, and the Philadelphia Suburbs.

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Highlights

  • Significant Value-Add Opportunity: Renovate the Asset to a Luxury Standard
  • Eds and Meds Tenant Base: Housing for Highly Educated Young Professionals
  • Proximity to Major Institutions: Blocks from UPenn, Drexel, Penn Medicine & CHOP
  • Access to Major Highways: Direct Access to I-95, I-676, and I-76
  • Transit Friendly: Bus Stop at Front Door, Convenient to Light Rail Lines

Contacts

broker

Ken Wellar

GREA

(215) 454-2879

broker

Corey Lonberger

GREA

(215) 454-2878

broker

Alan Krawitz

GREA

(267) 323-4083

broker

Douglas Emrich

GREA

(215) 454-2889

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (96)

  • Transit Score ®

    Rider's Paradise (93)

  • Bike Score ®

    Biker's Paradise (96)
Powered by Walk Score ®
  • City Philadelphia, PA
  • Neighborhood Spruce Hill
  • Zip Code 19104
  • Market Philadelphia

Points of Interest

  • 40th Street

    0.18 miles

  • 40th Street & Market Street

    0.19 miles

  • 40th Street & Filbert Street

    0.21 miles

  • 36th Street & Market Street

    0.24 miles

  • 36th Street Portal

    0.25 miles

  • 36th St

    0.26 miles

  • Lancaster Avenue & Powelton Avenue

    0.29 miles

  • Lancaster Avenue & 38th Street

    0.29 miles

  • 36th Street & Lancaster Avenue

    0.31 miles

  • Lancaster Avenue & 36th Street

    0.31 miles

  • Getty Gas

    0.30 miles

  • BP

    0.60 miles

  • Sunoco

    0.81 miles

  • Sunoco

    0.92 miles

  • Gas & Mini Mart

    0.99 miles

  • Exxon

    1.18 miles

  • Sunoco

    1.18 miles

  • Sunoco

    1.43 miles

  • Sunoco

    1.58 miles

  • BP

    2.03 miles

  • Presbyterian Garage

    0.11 miles

  • 40th Street Parking Lot

    0.25 miles

  • K99-Lot

    0.29 miles

  • Spruce Garage

    0.31 miles

  • CHOP Visitor Parking

    0.33 miles

  • C - Lot

    0.33 miles

  • P-Lot

    0.40 miles

  • Drexel Lot G

    0.41 miles

  • Lot 37

    0.42 miles

  • Lot 38

    0.42 miles

  • Koreana

    0.04 miles

  • Sitar Indian Restaurant

    0.04 miles

  • Abner's Cheesesteaks

    0.06 miles

  • Poke-Man

    0.08 miles

  • Thai Singha House Restaurant

    0.11 miles

  • Singha Thai Restaurant

    0.16 miles

  • Distrito

    0.18 miles

  • Chipotle

    0.19 miles

  • Bobby's Burger Palace

    0.19 miles

  • Crown Fried Chicken

    0.20 miles

  • Saint James School

    0.13 miles

  • Lincoln Technical Institute

    0.23 miles

  • University of Pennsylvania

    0.33 miles

  • University of Pennsylvania Law School

    0.35 miles

  • University of Pennsylvania School of Veterinary Medicine

    0.37 miles

  • Paul Robeson High School for Human Services

    0.39 miles

  • Jaffe

    0.39 miles

  • Powel Elementary School

    0.41 miles

  • The Restaurant School at Walnut Hill College

    0.48 miles

  • Walnut Hill College

    0.48 miles

  • Brightside Academy

    0.23 miles

  • Caring Center Pre-K

    0.77 miles

  • Haverford Center Comprehensive Day School

    0.95 miles

  • Teachable Moments Childcare

    1.03 miles

  • The Creation Station Daycare & Preschool

    1.04 miles

  • Heavenly Hall Day Care Learning Center

    1.16 miles

  • Westside Community Day Care Center

    1.29 miles

  • Hickman Temple Day Care and Learning Center

    1.43 miles

  • Childspace West

    1.44 miles

  • Global Leadership Academy Charter School Kindergarden

    1.53 miles

Contact 503 South 41st Street