$1,900,000 120 Arch Street Old City

MLS: PAPH507582   Type: Multi-Family   County: Philadelphia   City: Philadelphia   Area: 19106   Neighborhood: Old City   Zip: 19106     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

1/3/2019 Listed $1,900,000

Accessibility None
Cool Fuel Natural Gas
Exclusions Lighting Fixtures, Business Inventory
Garage Y/N N
Historic Y/N Y
MLS Area 19106 (19106)
New Construction N
One Bedroom Units Count 0
Other Units Unit 1, Unit 2, Unit 4, Unit 3
Possession 90-120 Days CD
Price Per Sq Ft 223.53
Property SubType Other
Property Type Multi-Family
Single Room Units Count 0
Structure Type Row/Townhouse
Tax Year 2019
Total Units 2
Two Bedroom 0
Vacation Rental Y/N N
Zoning CMX3

Interior Features

Basement Full
Basement Y/N Y
Central Air Y/N Y
Cooling Central A/C
Fireplace Y/N N
Furnished Units All
Heating Fuel Natural Gas
Heating Y/N Y
Hot Water Natural Gas
Interior Features Elevator
Laundry Type None
Living Area 8500
Three Bedroom Units Count 0
Window Features Wood Frame

Exterior Features

Architectural Style Other
Building Area Total 8500.00
Construction Materials Brick
Lot Dimensions 25X90
Lot Size Acres 0.05
Lot Size Source Assessor
Lot Size Square Feet 2255.00
Navigable Water Y/N N
Other Structures Above Grade
Pool (Y/N) No Pool
Sewer Public Sewer
Type of Parking On Street
Water Access Y/N N
Water Oriented Y/N N
Water Source Public
Water View Y/N N
Waterfront Y/N N

Property Schools

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Property vs Zip Code Avg (19106)

Price 1.90M Avg 1.29M

Sqr Feet 8,500 Avg 4,403

Cost / Sqr Ft $224 Avg $293

Taxes $18,582 Avg $10,461

Acres 0.05 Avg 0.03

Visits 202 Avg 132

Days on Site 168 Avg 220

Walkscore® 98 Avg 98

Data Provided by Walkscore ® not using MLS data

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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