Description de l'actif
Jones Lang LaSalle Americas, Inc (“JLL”), has been retained on an exclusive basis to arrange for the sale of 1001 Washington Street (the “Property”) in Conshohocken. 1001 Washington Street is a two-story, Class A vacant office building located in one of the most highly regarded office locations in the Greater Philadelphia Region.
The Property is being offered vacant, presenting a rare opportunity for a user or an investor to acquire a unique property in the highly desirable location of Conshohocken, with the opportunity to add value through the repositioning of the existing property or redeveloping the property into multi-family or mixed-use. The Property is currently zoned HVY – Heavy Industrial District and located in the Riverfront Development Overlay District (RDD) which offers zoning allowances for residential, commercial, and heavy industrial uses, making it an incredibly versatile canvas for development to contribute to The Riverfront Plan. The Property sits on a prime 3.69 acre parcel along the Schuylkill River with an exceptional combination of access to public transportation (immediately adjacent to the property), infrastructure, population density, retail amenities, and major thoroughfares such as I-476 and the Pennsylvania Turnpike. The building currently totals 74,078 square feet with an adjacent two-story structured parking garage (237 Spaces).
Caractéristiques de l'actif
Points clés d'investissement
- Immediate Scale in a Desirable Location
- Great In-Place Infrastructure
- Prime Repositioning or Redevelopment Opportunity: The Riverfront Plan
- Strong Area Demographics & Employment
- Strategic Location with Exceptional Access & Visibility