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RRA SELLS MIXED-USE BUILDING ON ICONIC JEWELER’S ROW IN PHILADELPHIA FOR $5,770,000

by RRA on April 29, 2019
RRA SELLS MIXED-USE BUILDING ON ICONIC JEWELER’S ROW IN PHILADELPHIA FOR $5,770,000
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Rittenhouse Realty Advisors is pleased to announce the sale of 802 Sansom Street (122-124 South 8th Street) in Philadelphia, Pennsylvania. The mixed-use property contains 12 apartments and 4 street-level commercial/retail spaces.

The residential units were recently updated and feature hardwood flooring, designer kitchens with stainless steel appliances and custom cabinets, and stackable washers and dryers. Large windows within the units provide plenty of sunlight and great views of the surrounding neighborhood and Jeweler’s Row.

802 Sansom Street is situated in Washington Square West, with easy access to Interstates 95, 76 and 676 as well as Broad Street and Columbus Boulevard. With a great variety of nearby popular restaurants, shops and entertainment, the property is also convenient to SEPTA’s Regional Rail and the PATCO SpeedLine to New Jersey.

The property attracted considerable attention from investors but was ultimately purchased by an international buyer.  “We continue to see foreign capital buy core deals in Center City, Philadelphia,” stated Ken Wellar, Managing Partner at RRA.  “802 Sansom’s desirability comes from its great location on Jeweler’s Row, close to major employers, Jefferson Hospital and Pennsylvania Hospital.”

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