28 3Rd StPhiladelphia, PA 19106

Property Details for 28 3Rd St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

4,767 SF

Zone code

CMX3

Property type

Office properties

Property subtype

Other office properties

APN

88-8-0579-50

APU

888057950

Description

This exceptional single-tenant creative office space, located at 28 N 3rd St, Philadelphia, PA 19106, presents a unique opportunity for businesses seeking a vibrant and inspiring work environment. Situated near Market Street, this property boasts a flexible layout ideal for a variety of creative uses. The building, zoned CMX-3, offers 6,000 square feet of immediately available vacant space. The property type is listed as Retail and Office, with the specific subtype being Creative Office. The total building size is not specified. This location offers excellent visibility and accessibility, making it an attractive option for companies seeking a prominent presence in Philadelphia's dynamic urban core. The address is easily accessible and benefits from the high foot traffic and convenient access to public transportation characteristic of this central location. The space is perfect for a single tenant seeking a large, adaptable workspace in a thriving area. This is a rare opportunity to secure a significant footprint in a highly sought-after Philadelphia neighborhood. Interested parties should inquire promptly to secure this exceptional property. The latitude and longitude coordinates are 39.95099953, -75.14549279.

• CAP approach

  CAP return

  Valuation

  6%

  $1,535,683

  6.5%

  $1,417,554

  7%

  $1,316,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $622,856

  Geo Method

  $622,856

• Alternative Use

  Use

  Valuation

  Residential

  $1,757,767

  Hospitality

  $1,610,105

  Educational

  $1,339,588

  Medical

  $1,385,659

  Retail

  $2,083,804

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9508

Longitude

-75.1457

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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