157 3Rd StPhiladelphia, PA 19106

Property Details for 157 3Rd St

Year built

1920

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

4,748 SF

Zone code

CMX3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-0026-00

APU

871002600

Description

This exceptional 1,375-square-foot retail space is ideally situated in Philadelphia's vibrant Old City neighborhood at 157 N 3rd St. Boasting 27 feet of street frontage and large windows, this property offers unparalleled visibility in a high-traffic area brimming with trendy shops, cafes, and cultural attractions. Housed within a charming 1920s brick building, the space features a flexible layout perfect for a variety of retail or gallery uses. The street-level access is complemented by a stylish below-grade area with high ceilings and a full bathroom, providing a unique bi-level opportunity. Dual egress points enhance functionality and convenience. The C3 zoning allows for diverse business applications. This property presents a rare blend of historic charm, modern functionality, and a prime location, making it an exceptional investment for any business seeking to thrive in one of Philadelphia's most iconic neighborhoods. The address is 157 N 3rd St, Philadelphia, PA 19106. This single-tenancy storefront retail/residential space presents a compelling opportunity for a discerning tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,529,562

  6.5%

  $1,411,904

  7%

  $1,311,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $620,374

  Geo Method

  $620,374

• Alternative Use

  Use

  Valuation

  Residential

  $1,750,761

  Hospitality

  $1,603,687

  Educational

  $1,334,249

  Medical

  $1,380,136

  Retail

  $2,075,498

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9538

Longitude

-75.1447

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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