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701 W York St
Philadelphia, PA 19133 North Philadelphia East

$3,500,000 USD

Schools For Sale  •  40,800 SF

Property Details

  • Property Type Schools
  • Total Building Size 14,212 SF
  • Lot Size 0.32 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 13.80 %
  • Tenancy Single
  • Zoning RM1
82 Transit Score
85 Walk Score

Highlights

ADAPTIVE REUSE CONVERSION - Vacant school building being redeveloped into 40 market-rate residential units.
PARTIALLY COMPLETE CONSTRUCTION - Framing, steel reinforcement, and core structural work already complete.
DURABILITY - Significant capital already invested in steel and reinforced systems, exceeding standard stick construction.
TAX ABATEMENT - Reported full 10-year Philadelphia tax abatement, enhancing long-term returns.
SCALE - 43,035 SF footprint across multiple levels; flexible for diverse unit layouts.
ATTRACTIVE BASIS - Asking price of $3.5M ($81SF | $87,500/unit - shell), positioned below or in line with comparable adaptive reuse trades.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $483,132 USD (2025)
Cap Rate: 13.80 %

Public Transportation

Commuter RailDriveWalkDistance
Temple University (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 14 min 0.7 mi
North Broad (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 18 min 0.8 mi
Transit/SubwayDriveWalkDistance
Temple University (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 14 min 0.7 mi
Susquehanna-Dauphin (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 2 min 14 min 0.7 mi
York-Dauphin (Market-Frankford Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 4 min 16 min 0.8 mi
North Broad (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 18 min 0.8 mi
North Philadelphia (Broad Street Line - Southeastern Pennsylvania Transportation Authority Rapid Transit (SEPTA Subway & Trolley)) 3 min 18 min 0.9 mi
AirportDriveWalkDistance
Philadelphia International 27 min - 14.1 mi
Trenton Mercer 51 min - 33.0 mi
Saam Tashayyod 215-608-3734 Trophy Commercial Real Estate
Saam Tashayyod 215-608-3734 Trophy Commercial Real Estate