$1,200,000 45 S 3rd Street Old City

MLS: PAPH787104   Type: Commercial   County: Philadelphia   City: Philadelphia   Area: 19106   Neighborhood: Old City   Zip: 19106   Style: Restaurant/Bar,,/General Retail     Taxes: $8,264

Mortgage $5,634 /mo



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Excellent opportunity to own a 2 story commercial building in prime Old City location. Property offers many options for redevelopment and buildout. Most recently used as a bar/restaurant, the first floor offers a mix of exposed brick, concrete walls, wood panelling, tall front windows and soaring ceilings; an architecturally interesting space with brand new floor throughout, all joists and subfloor were rebuilt in March 2019. The second floor features a bar with high ceilings, a mix of hardwood and tile flooring, a front wall of beautiful historic doors/windows that drench the space in natural light and over look bustling 3rd Street; a truly unique feature. Bathroom stalls/layout and utility closest are still in place. The 2nd floor can be accessed by 2 separate entrances, one from the main floor interior and another from the street, offering an opportunity for two separate spaces. Use the entire building for one venture, have 2 different commercial uses, possibly expand the building; the options are endless. The 900+ sq ft basement is great for storage, mechanicals, and/or refrigeration options (was home to a walk-in cooler and draft system that were recently removed). Phase 1 electric panel and second floor sub panel installed in 2017 and partial sprinkler system plumbing in basement, first floor, and 2nd floor. The property is being sold with a Liquor License. The main roof was replaced in 2017 and the back roof was replaced in March 2019. Surrounded by historic landmarks, established restaurants, cafe's, retail/office space and new development, this building is in an excellent location not to be missed.

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Price History

4/16/2019 Listed $1,200,000

Accessibility None
Business Type Restaurant/Bar, Other, Other/General Retail
Cool Fuel None
Historic Y/N Y
MLS Area 19106 (19106)
New Construction N
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 468.75
Property SubType Retail
Property Type Commercial Sale
Tax Year 2019
Total Units 0
Vacation Rental Y/N N
Zoning CMX3

Interior Features

Central Air Y/N N
Cooling None
Heating None
Heating Fuel None
Heating Y/N Y
Hot Water None

Exterior Features

Building Area Total 2560.00
Construction Materials Masonry
Lot Dimensions 20.00 x 64.00
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1280.00
Navigable Water Y/N N
Sewer Public Sewer
Type of Parking None
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 1.20M Avg 330K

Sqr Feet 2,560 Avg 14,257

Cost / Sqr Ft $469 Avg $23

Taxes $8,264 Avg $1,852

Acres 0.03 Avg 0.1

Visits 35 Avg 35

Days on Site 214 Avg 248

Walkscore® 99 Avg 98

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: BHHS Fox & Roach-Center City Walnut

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Location & Address

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