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220-250 S 5th St
Philadelphia, PA 19106 Society Hill

$10,000,000 USD

Health Club For Sale  •  21,182 SF

Property Details

  • Property Type Health Club
  • Total Building Size 16,142 SF
  • Lot Size 0.88 AC
  • Building Class B
  • Year Built 1974
  • Tenancy Multiple
  • Zoning N/Av, Philadelphia
100 Transit Score
100 Walk Score

Highlights

Rare Covered Land Opportunity: Existing income-producing asset provides cash flow while investors evaluate future redevelopment strategies
Significant Development Potential: Preliminary zoning analysis indicates the potential for ~22 to 26 townhomes, with additional mixed-use
Prime Society Hill Location: Located within one of Philadelphia’s most desirable and supply-constrained residential neighborhoods
Attractive Basis through Existing Income: Current lease structure and assumable financing opportunity help offset traditional land carrying costs
Surrounded by Philadelphia’s Strongest Demand Drivers: Minutes from Society Hill, Historic Old City, Washington Square, and Center City

Public Transportation

Commuter RailDriveWalkDistance
Market East (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 3 min 17 min 0.9 mi
Suburban Station (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 5 min - 1.6 mi
Transit/SubwayDriveWalkDistance
5th Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 1 min 7 min 0.3 mi
9th-10th & Locust St (PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline)) 3 min 8 min 0.4 mi
8th & Market St (PATCO Speedline - Port Authority Transit Corporation Speedline (PATCO Speedline)) 2 min 11 min 0.6 mi
2nd Street (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 12 min 0.6 mi
Market East (R1 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R3 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R5 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R6 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R7 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail), R8 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 3 min 17 min 0.9 mi
AirportDriveWalkDistance
Philadelphia International 21 min - 11.8 mi
Trenton Mercer 50 min - 33.4 mi
Kenneth Wellar 215-454-2879 GREA
Kenneth Wellar 215-454-2879 GREA