$1,200,000

45 S 3rd St

PHILADELPHIA PA, 19106

Description

Excellent opportunity to own a 2 story commercial building in prime Old City location. Property offers many options for redevelopment and buildout. Most recently used as a bar/restaurant, the first floor offers a mix of exposed brick, concrete walls, wood panelling, tall front windows and soaring ceilings; an architecturally interesting space with brand new floor throughout, all joists and subfloor were rebuilt in March 2019. The second floor features a bar with high ceilings, a mix of hardwood and tile flooring, a front wall of beautiful historic doors/windows that drench the space in natural light and over look bustling 3rd Street; a truly unique feature. Bathroom stalls/layout and utility closest are still in place. The 2nd floor can be accessed by 2 separate entrances, one from the main floor interior and another from the street, offering an opportunity for two separate spaces. Use the entire building for one venture, have 2 different commercial uses, possibly expand the building; the options are endless. The 900+ sq ft basement is great for storage, mechanicals, and/or refrigeration options (was home to a walk-in cooler and draft system that were recently removed). Phase 1 electric panel and second floor sub panel installed in 2017 and partial sprinkler system plumbing in basement, first floor, and 2nd floor. The property is being sold with a Liquor License. The main roof was replaced in 2017 and the back roof was replaced in March 2019. Surrounded by historic landmarks, established restaurants, cafe's, retail/office space and new development, this building is in an excellent location not to be missed.

Details

MLS#PAPH787104
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site183

Features

SQ Feet2,560
Story(s)0
ZoningCMX3

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19106
Area19106 (19106)
Listing VS Median (in 19106)
Price:
$1,200,000
low | high
Med:
$130,500
100% of Average
SqFt:
2,560
low | high
Med:
208
100% of Average
$ / SqFt:
$469
low | high
Med:
$235
99.879518072289% of Average
On Site:
183
low | high
Med:
197
92.893401015228% of Average
Listing Updated: 10/16/2019
MLS Number: PAPH787104
Listing Provided By:
Kristen Shemesh  of  BHHS Fox Roach-Center City Walnut