Available Property

12 N 3rd Street

Retail
Property Description:

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.

Property detail:
Ground Floor
Approximate Size:
7,500 SF
Sale type:
Sale
Rate:
$1,795,000