School District: The School District Of Philadelphia
Address: 12 N 3RD ST
Neighborhood: Old City
The sale of 12 N 3rd Street is an excellent redevelopment opportunity located in historic Old City. This opportunity is a five-story building with a building area of 7,000 SF +/-. The building has approximately 26’ of frontage on N. 3rd Street. The seller has plans for a mixed-use building, featuring (1) commercial space and (4) 2 bed/ 2 bath apartments. The seller currently has a LOI with a short-term apartment rental company to master lease all of the residential units after the renovation is complete. Located in the Keystone Innovation Zone, the property is also ideal for a business looking for a new home. Located right off of Market Street, the property is located within a Keystone Innovation Zone which allows for certain business-based tax credits. It is exceptionally located in Old City with close proximity to many restaurants, cafes, commercial and residential developments, and historic sites. This property is zoned CMX-3 with various additional Center City overlay requirements. Approved by-right uses include a wide-range of residential and commercial options. The building resides within the Old City Historic District and is listed as contributing on the historic register.
Courtesy of: Mallin Panchelli Nadel Realty, Inc Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 21st October, 2021 11:38 PM