Philadelphia, PA 19106,118 N 3RD ST
See all 25 photos
Philadelphia, PA 19106,118 N 3RD ST
Philadelphia, PA 19106,118 N 3RD ST
Philadelphia, PA 19106,118 N 3RD ST
Philadelphia, PA 19106,118 N 3RD ST

$1,742,000

Est. payment /mo

$1,950,000

10.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

118 N 3RD ST Philadelphia, PA 19106

SOLD DATE : 02/04/2016

Key Details

Sold Price $1,742,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Old City

MLS Listing ID 1002650610

Sold Date 02/04/16

HOA Y/N N

Originating Board TREND

Year Built 1916

Annual Tax Amount $18,247

Tax Year 2015

Acres 0.01

Lot Dimensions 18X100

Property Description

118 N 3rd Street is a rarely offered opportunity in the heart of America's most historic square mile. Wow! What a location ! This 4 unit property with commercial first floor unit and 3 upper level residences - is located along one of the City's most bustling commercial corridors in Center City's most in-demand neighborhood, Old City. Unit 1 features 3 levels, 3,848 sq ft, of high visibility commercial / retail space with sophisticated design sensibilities, high ceilings, kitchenette, powder room and rear outdoor space - well-established tenant currently in place. Unit 2 - The Minima Lifestyle Home - offers 1 bed, 1.5 bath, 1,375 sq ft, designed by QB3 Architects w European chef's kitchen w Gaggenau, Mielle, and Liebherr appliances (stunning!!). Unit 3 offers 1 bed / 1 bath, 1,375 sq ft, with open floor plan with beautiful wood flooring (un-be-lieve-able). Unit 4 offers 2 beds, 2 baths with LOTS of light thanks to over-sized skylights, high ceilings, beautiful wood floors, and more. 118 N 3rd is a showcase / "flagship" property - a rare find - in the heart of this wonderful city. Commercial lease terms subject to negotiation. taxes are $385. Sq footage info is estimate. Building had been divided into 4 condos but never used as condos - owner is dissolving the condominium. Owner working for lower tax assessment upon dissolving condominium. Annual income approx $114,000 - more details upon request. Property is currently fully leased-additional information provided upon request.

Location

State PA

County Philadelphia

Area 19106 (19106)

Zoning CMX3

Rooms

Other Rooms Primary Bedroom

Interior

Hot Water Natural Gas

Cooling Central A/C

Fireplace N

Exterior

Waterfront N

Water Access N

Parking Type None

Garage N

Building

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 882261900

Ownership Other

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Michael R. McCann • BHHS Fox & Roach-Center City Walnut
Bought with Michael R. McCann • BHHS Fox & Roach-Center City Walnut

David Huber

Agent | License ID: 1973972

+1(856) 322-2700

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.