Philadelphia, PA 19106,20 N 3RD ST #101
Philadelphia, PA 19106,20 N 3RD ST #101
Philadelphia, PA 19106,20 N 3RD ST #101
$835,000
Est. payment /mo
$1,000,000
16.5%
Est.Price: ?

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4,000 Sqft Lot
SOLD DATE : 11/20/2017

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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Bright MLS (BMLS)
Listed by Alexander L Generalis • MGC Real Estate Group
Bought with Brittany Nettles • Keller Williams Philadelphia

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Danielle Wateridge

Team Lead & Agent | License ID: 0225208883

+1(703) 639-8869

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