39 3Rd StPhiladelphia, PA 19106

Property Details for 39 3Rd St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

5,733 SF

Zone code

CMX3

Property type

Investment properties

Property subtype

Live-work space

APN

87-1-2678-00

APU

871267800

Description

This exceptional 1,317 square foot creative office space is ideally situated on North 3rd Street, the vibrant commercial heart of Philadelphia's Old City. The single-tenant property boasts high ceilings ranging from 9 to 10 feet, creating a bright and airy atmosphere. Tile flooring runs throughout the ground floor retail space, complemented by additional lower level space. The CMX-3 zoning allows for a diverse range of uses, making it perfect for a variety of businesses. Imagine your art gallery, salon, boutique fitness studio, or light food establishment thriving in this prime location. The space's versatility lends itself to creative offices and other similar ventures. Its central Old City location provides unparalleled access to the area's rich history, thriving cultural scene, and diverse clientele. This is a rare opportunity to secure a well-positioned, adaptable space in one of Philadelphia's most sought-after neighborhoods. The property's size and features make it an attractive option for businesses seeking a unique and stylish environment. Don't miss this chance to establish your business in this dynamic and historic setting.

• CAP approach

  CAP return

  Valuation

  6%

  $1,846,879

  6.5%

  $1,704,811

  7%

  $1,583,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $749,074

  Geo Method

  $749,074

• Alternative Use

  Use

  Valuation

  Residential

  $2,113,966

  Hospitality

  $1,936,382

  Educational

  $1,611,047

  Medical

  $1,666,453

  Retail

  $2,506,073

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9514

Longitude

-75.1451

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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