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6422 Palmetto Street, Philadelphia, PA 19111
$3,500,000
6422 Palmetto Street, Philadelphia, PA 19111View this property at 6422 Palmetto Street, Philadelphia, PA 19111
6422 Palmetto StreetPhiladelphiaPA19111
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Property Description
Great Opportunity for an investor and an owner to occupy this 11,629 square feet with a finished basement of 3471 square feet located on 6423-25 Rising Sun Ave. The bank has both entrances from Rising Sun Ave and a parking lot with a large open corridor, lobby, waiting area, personal banker cubicles, reception, meeting room, teller vault, safe deposit vault, men + ladies bathroom, 2-private executive office with bath, lunch room, 2 large conference room with plenty of storage rooms. The adult care center has both entrances large lobby, 4 private offices, a large conference room in the back with a kitchenette, a work room, and 4 bathrooms. The finished basement has 5 large office rooms, 2 baths, a kitchenette, utility rooms, and plenty of storage spaces. There are sprinkler systems in the building, the new roof was installed in April 2024 and the adult care was renovated a few years ago. There are 6 rooftop HVAC Units and 3 were installed after 2017. There are large signages in the front and the back street. Currently, both tenants Bank of America's 7,398 sf and the Adult Care center's 4231 square feet are occupying. This sale included 2 additional lots currently 75 parking spaces 6410-20 Parlmetto Street #885681300 and 6422 Palmetto Street # 885682140. The parking lots are shared between both tenants now and the bank does have a drive-thru in the back. Both front entrances are on Rising Sun Ave and the parking entrance and exit are on Levick Street and Palmetto Street. Conveniently located on this busy Rising Sun Ave in the most desirable Northeast Philadelphia, Minutes to Montgomery County, Center City. Also, the building is for lease at $22.00 per square foot. The buyer and agent must check the size and zoning. All showing must send POF before showing.
Full Property Details
Full Property Details for 6422 Palmetto St
General
- Price: $3,500,000
- Taxes: $1,499 (2022)
- Status: Active
- Type: Lots/Land
- MLS ID: PAPH2342648
- Updated: 4/28/2024
- Added to Site: 17 day(s) ago
Location
- Area: 19111 (19111)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Lawndale
- Subdivision: Lawndale
- Cross Streets: Levick Street
- Driving Directions: Levick Street to North on Palmetto Street
School Information
- School District: Philadelphia City
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Stories/Levels: 0
- Current Bldg. Use: Financial, Drive-Thru, Professional Service
Lot Features
- Lot Size (Acres): 0.24
- Lot Size (Sq. Ft.): 10,397
- Lot Size Source: Assessor
- Lot Dimensions: 74.00 x 141.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $336.64
- Assessment Year: 2023
- School Tax: $822
- City/TownTax: $676
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $107,100
- Tax Amount: $1,499
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Exclusions: Bank of America & Adult Care Center Business Assets
- Inclusions: 6423-25 Rising Sun Ave OPA 882962910 and 6410-20 Palmetto Street OPA# 885681300
- Lot Number: 207
Listed by Keller Williams Realty, Paul P Cheng
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Schools
Schools serving 6422 Palmetto St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
6900 Summerdale Ave, Philadelphia, PA 19111 | K-5 | 0.9 mi | |
1800 Cottman Ave, Philadelphia, PA 19111 | 6-8 | 1.4 mi | |
1601 Cottman Ave, Philadelphia, PA 19111 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6422 Palmetto St
Date
Details
Price
Change
Source
4/12/2024
Listed
$3,500,000
677.78%
MLS
12/04/2015
Sold
$450,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6422 Palmetto St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,499
—
$107,100
100%
2021
$1,499
—
-100%
2020
$1,499
—
$107,100
—
2019
$1,499
3%
$107,100
3%
2018
$1,456
—
$104,000
—
2017
$1,456
-50%
$104,000
-50%
2016
$2,913
4%
$208,100
—
2015
$2,789
—
$208,100
—
2014
$2,789
135%
$208,100
1611%
2013
$1,188
—
$12,160
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6422 Palmetto St
6422 Palmetto Street, Philadelphia, PA 19111 (MLS# PAPH2342648) is a Lots/Land property with a lot size of 0.24 acres. 6422 Palmetto Street is currently listed for $3,500,000 and was received on April 12, 2024. Want to learn more about 6422 Palmetto Street? Do you have questions about finding other Lots/Land real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.