Summit Court Apartments
101 Summit Ln, Bala Cynwyd, PA, 19004-2930, US
29 units
Attributes
Units
181
Land area gross
7,292 sm
Zoning
CMX-2
Parking spaces
145
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, has been retained on an exclusive basis to arrange the sale of Venice Island (the “Site”, or “Property”), a 78,493 square foot development site positioned across two parcels on Manayunk’s Main Street. Present ownership has been fully approved to construct 181 luxury apartments, 145 parking spaces, and 1,441 square feet of retail space.
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Investment highlights
Main St. Multi-Family Development Opportunity
- Present ownership has been fully approved to construct 181 luxury apartments positioned across two parcels on Manayunk’s Main Street.
Premier Manayunk Location
- The Venice Island Development is conveniently located on Main Street featuring over 40 restaurants and 235 retailers.
Attractive Demographics
- The average household income within a one-mile radius of the Property exceeds $135,000.
Strong Submarket Fundamentals
- Year-over-year submarket rent growth is projected to reach 4.6% by 1Q 2025 and remain above 3.0% through 2026.
Media
Venice Island (0 Properties)
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Last updated
Jan 8, 2025