$1,900,000 120 Arch St Old City

MLS: 6888039   Type: Multi-Family   County: Philadelphia   City: Philadelphia   Area: 19106   Neighborhood: Old City   Zip: 19106   Style: SingleBldg     Taxes: $18,582

Mortgage $8,920 /mo



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Prime Old City grand commercial property. Surrounded by walking streets, great architecture, cafe's, restaurants, landmark historic sites and so much new development! The large scale development at the "National" site is well under way with a proposed 180 unit mixed use complex just across the street. 120 Arch consists of 4 floors of great Old City loft space. High ceilings, big & bright windows, working freight elevator, exposed brick and industrial duct-work. Rear of the property has windows that have been bricked up that could be reinstalled for apartment conversion. 1st & 2nd floor is a high-end boutique in business for many years, 3rd floor is built out & has a short term lease for office space, 4th floor vacant & needs renovation. Superb location for a mixed use redevelopment, possible apt/condo conversion and prime street traffic for a wide range new commercial tenants. Possible owner occupant uses as well with income. A beautiful well maintained building, Historical facade, CMX3 zoning, and huge potential for investment!

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Price History

11/9/2016 Listed $1,900,000

Accessibility None
Centralair Y
Garage Y/N N
Hot Water Natural Gas
Is Twin No
Listing Area 19106 (19106)
New Construction N
Property Type Multi-Family
School District Philadelphia
Subdivision OLD CITY
Tax Annual Amount 18582.0
Total Units 4
Type SingleBldg
Zoning CMX3

Interior Features

Basement Y
Buildingfloors 4.0
Cooling Central A/C
Heating Gas
Interior Features Elevator
Laundry Type NoLaundry
Partialbathcountunit1 1
Partialbathcountunit2 0
Partialbathcountunit3 1
Partialbathcountunit4 0
Unittype1bathstotal 0
Unittype1bedstotal 0
Unittype2bathstotal 0
Unittype2bedstotal 0
Unittype3actualrent 2500.0
Unittype3bathstotal 0
Unittype3bedstotal 0
Unittype4bathstotal 0
Unittype4bedstotal 0

Exterior Features

Design Other
Exterior Brick
Garage Spaces NoGarage
Lot Dimensions 25X90
Parking Features Street
Sewer Public Sewer
Water Source Public
Waterfront N

Property Schools

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Property vs Zip Code Avg (19106)

Price 1.90M Avg 1.70M

Sqr Feet 8,500 Avg 5,996

Cost / Sqr Ft $224 Avg $284

Taxes $18,582 Avg $11,735

Acres 0.05 Avg 0.04

Visits 2,471 Avg 692

Walkscore® 97 Avg 98

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Listing Provided Courtesy Of: Plumer & Associates Inc

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Location & Address

Plumer & Associates, Inc.
226 South Street
Philadelphia, PA