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Key Details
Sold Price $835,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Old City
MLS Listing ID 1001218829
Sold Date 11/20/17
HOA Y/N N
Originating Board TREND
Year Built 1916
Annual Tax Amount $5,431
Tax Year 2017
Lot Size 4,000 Sqft
Lot Dimensions 20 X 121
Property Description
An Olde City street level commercial space with approximately 4,000 square feet[approx. 2,200 square feet at street level and 1,800 square feet in lower level] with an open floor plan approximately 19'x 120',large storefront and large windows at rear, approximately 12' high ceilings at street level and approximately 10' in lower level, partial polished concrete floors, exposed concrete columns and beams, powder room, elevator access from lower level, that has electric heat and air. This unit is zoned mixed use commercial CMX-3, walk-in street level space offers businesses high pedestrian and vehicular traffic counts and excellent visibility. Property faces historic and quaint cobble stoned Church Street. The neighborhood is served by public transportation at the corner and is an eclectic mix of residential condos, retail stores, art galleries, theaters, restaurants, coffee shops and live-work lofts. ZONING CMX-3 allows residential, commercial-professional office use, retail, galleries, showrooms, art, architecture, engineering, design, medical, tech offices and other uses. This specific stretch of North 3rd Street has been branded "N3rd Street" (Nerd Street) as it is home to a strong and expanding concentration of start-ups, especially the tech sector. Tech companies on this N3rd St corridor may be eligible for up to $100,000 in tax credits offered through the Keystone Innovation Zone program Sale Price $1,000,000 Approx. $25/SF; Lease price $20/SF $80,000 Annual Triple Net. Units 101-102-201-202 combined, it is approx. 12,400 square feet for $3.3 million. There is the possibility for more space in this building for up to 20,000 square feet.
Location
State PA
County Philadelphia
Area 19106 (19106)
Zoning CMX3
Direction East
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Flooring Heavy Duty
Fireplace N
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available
Waterfront N
Water Access N
Roof Type Flat
Road Frontage Boro/Township
Garage N
Building
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 888059142
Ownership Condominium
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Bought with Brittany Nettles • Keller Williams Philadelphia
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