In what could really be a boon for a sketchy area of the neighborhood, the proud, stone bank building at Broad and Snyder is under agreement for sale, according to the realtor.
|Convenient to both the subway and McDonald’s|
David Goodman from Equity Retail Brokers told us that the buyer, which he wouldn’t disclose, is currently in the due diligence process before completing the sale from Beneficial Bank. According to the listing, the building was listed for $799,000 and included 3,800 square feet on the first floor and a 1,500 square foot mezzanine.
The property is zoned CMX-2, which means “permitted uses include retail, banks, restaurants, offices, residential and more.”
|From the sales brochure|
The branch closed this summer, moving a couple blocks away to Passyunk and Mifflin. The move added a vacant property to the mix on one of the crappiest blocks next to one of the nicest parts of South Philly. It also didn’t bode well for the block because former bank buildings in some parts of town have languished for years (see dead 1200 Bank project and numerous old banks in Kensington, for instance).