Investments Sales Management

118 N 3RD STREET

PHILADELPHIA , PA 19106

MLS#: 1002650610

$1,950,000

Status: Closed
Listing number: 1002650610
Listing provided by: BHHS Fox & Roach-Center City Walnut
Listing agent phone: None
Last update: 2 years ago
On site: 10 years ago
Browse Properties
OLD CITY - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1916

Sq.Footage

N/A

118 N 3rd Street is a rarely offered opportunity in the heart of America's most historic square mile. Wow! What a location ! This 4 unit property with commercial first floor unit and 3 upper level residences - is located along one of the City's most bustling commercial corridors in Center City's most in-demand neighborhood, Old City. Unit 1 features 3 levels, 3,848 sq ft, of high visibility commercial / retail space with sophisticated design sensibilities, high ceilings, kitchenette, powder room and rear outdoor space - well-established tenant currently in place. Unit 2 - The Minima Lifestyle Home - offers 1 bed, 1.5 bath, 1,375 sq ft, designed by QB3 Architects w European chef's kitchen w Gaggenau, Mielle, and Liebherr appliances (stunning!!). Unit 3 offers 1 bed / 1 bath, 1,375 sq ft, with open floor plan with beautiful wood flooring (un-be-lieve-able). Unit 4 offers 2 beds, 2 baths with LOTS of light thanks to over-sized skylights, high ceilings, beautiful wood floors, and more. 118 N 3rd is a showcase / "flagship" property - a rare find - in the heart of this wonderful city. Commercial lease terms subject to negotiation. taxes are $385. Sq footage info is estimate. Building had been divided into 4 condos but never used as condos - owner is dissolving the condominium. Owner working for lower tax assessment upon dissolving condominium. Annual income approx $114,000 - more details upon request. Property is currently fully leased-additional information provided upon request.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.01

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,950,000

  • Tax Amount

    18247.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

PHILADELPHIA

Elementary School

Middle School

High School

Listing Courtesy of Michael R. McCann , BHHS Fox & Roach-Center City Walnut

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Theresa Kehler

Owner, President, Investment Property Advisor

Theresa Kehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
118 N 3rd Street is a rarely offered opportunity in the heart of America's most historic square mile. Wow! What a location ! This 4 unit property with commercial first floor unit and 3 upper level residences - is located along one of the City's most bustling commercial corridors in Center City's most in-demand neighborhood, Old City. Unit 1 features 3 levels, 3,848 sq ft, of high visibility commercial / retail space with sophisticated design sensibilities, high ceilings, kitchenette, powder room and rear outdoor space - well-established tenant currently in place. Unit 2 - The Minima Lifestyle Home - offers 1 bed, 1.5 bath, 1,375 sq ft, designed by QB3 Architects w European chef's kitchen w Gaggenau, Mielle, and Liebherr appliances (stunning!!). Unit 3 offers 1 bed / 1 bath, 1,375 sq ft, with open floor plan with beautiful wood flooring (un-be-lieve-able). Unit 4 offers 2 beds, 2 baths with LOTS of light thanks to over-sized skylights, high ceilings, beautiful wood floors, and more. 118 N 3rd is a showcase / "flagship" property - a rare find - in the heart of this wonderful city. Commercial lease terms subject to negotiation. taxes are $385. Sq footage info is estimate. Building had been divided into 4 condos but never used as condos - owner is dissolving the condominium. Owner working for lower tax assessment upon dissolving condominium. Annual income approx $114,000 - more details upon request. Property is currently fully leased-additional information provided upon request.

118 N 3RD STREET

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Discover the timeless charm and modern versatility of 143 Walnut Lane, a rare, turn-key mixed-use asset nestled in the heart of Philadelphia’s Tulpehocken Historic District. This impeccably maintained 20-unit property offers a unique blend of classic architecture and contemporary appeal, making it an exceptional addition to any investment portfolio.At the forefront is a graciously restored Victorian mansion, housing five spacious residential apartments that showcase exquisite historic details while offering modern comfort. Just behind it, a 14-unit commercial building—complete with a bonus residential apartment—delivers steady income and flexible use potential, ideal for creative, professional, or medical tenants.Both structures are supported by a large off-street parking lot and surrounded by a serene common garden, offering tenants a rare combination of convenience and tranquility. The location is equally compelling: just two blocks from the train station and four blocks from the scenic trails of Wissahickon Park, this property provides seamless access to Center City while maintaining a peaceful, community-oriented vibe.Whether you're an investor looking for a low-maintenance, income-producing asset or a buyer drawn to the historical significance and strong tenant appeal, 143 Walnut Lane is a truly exceptional offering in one of Philadelphia’s most picturesque and well-connected neighborhoods.
#PAPH2488628

PHILADELPHIA

143 W WALNUT LANE

None Beds

None Baths

22,700 Sq.Ft.

$1,999,000

MLS#: PAPH2488628

Welcome to 5610-14 and 5614-A Germantown Ave, 4 unit fully occupied(newer long term tenants w/3% annual rent increase & NNN, high cap rate)commercial retail property w/rear private parking(parks 3 4 cars) is in extraordinary condition located in the historic Germantown section of Philadelphia. This approximately 13,000 sq/ft, nicely face lifted facade property epitomizes the characteristics that you, as an astute investor, have always sought in your ventures. Nestled in the prime Commercial Class zoning (CMX3) within one mile of two commuter rail lines, the 2 Chestnut Hill lines, this property boasts unparalleled accessibility for tenants and customers alike. Its strategic positioning guarantees steady foot traffic, making it an ideal destination for businesses and ensuring high visibility for retail establishments. Unit 5610 has a full size basement for extra storage, newer flooring, electric panels, newer 2 HVAC and water heater. Unit 5614 with newer electric panels and high efficiency HVAC, unit 5612 and 5614-A have attic for maximizing storage space. This incredible property will be your approach to long-term investments and commitment to ethical values resonate with the core of opportunity. Your astute decision-making and focus on real estate, rather than stocks, make you the ideal candidate to seize this investment will make a meaningful impact on your business career and future assets.
#PAPH2471762

PHILADELPHIA

5610 GERMANTOWN AVENUE 14

None Beds

None Baths

10,670 Sq.Ft.

$1,750,000

MLS#: PAPH2471762

None
#PAPH2437088

PHILADELPHIA

4323 MAIN STREET

None Beds

None Baths

N/A

$1,925,000

MLS#: PAPH2437088

1.3 Acre parcle in Philadelphia! Great location with so many possibilities to use as industrial, storage, manufacturing, & redevelopment. Close proximity to Temple University and Broad & Allegheny Streets. Sale includes 3227-53 & 3255 N. 11th St. Check out the opportunity zones with the City of Philadelphia. Incentives present for this location. Repair current building, add on, or tear down. Wonderful possibilities abound! Buyer to Verify uses with the City of Philadelphia. Third picture is an example dwelling. Any new dwellings will need city approval.
#PAPH2209016

PHILADELPHIA

3227 N 11TH STREET 53

None Beds

None Baths

19,809 Sq.Ft.

$2,199,000

MLS#: PAPH2209016

Exciting Real Estate Opportunity in Philadelphia! 2728–30 N. 2nd St. Warehouse 2734–30 6 N. 2nd St. Mechanic garage/ with 5 bedroom 3 bathroom loft 2nd floor - Rehabbed 2724 N 2nd St. Shell 2726 N. 2nd St. Shell. 2725 N. Philip Street Introducing a remarkable $1.6 million listing located on 2nd St, just steps away from Lehigh Avenue in the vibrant city of Philadelphia. This exclusive package encompasses a diverse range of properties, presenting a unique investment opportunity for developers and visionaries. This comprehensive package includes: - A Spacious Warehouse: Perfect for manufacturing, storage, or retail purposes, the warehouse offers ample square footage and high ceilings, providing versatility for various business needs. - A Fully Equipped Mechanic Garage: Ideal for automotive entrepreneurs, this garage is set up for operations, featuring all necessary equipment to start generating income immediately. - A Stunning 5 Bedroom, 3 Bath Loft: This beautifully designed loft offers modern living with plenty of space for families or tenants. With stylish interiors and abundant natural light, it provides a fantastic living experience. - 2 Shell Properties: These adjacent shell properties offer a blank canvas for further development, remodeling, or conversion into additional residential or commercial units, maximizing the potential of this incredible investment. This package presents a huge opportunity for developers looking to create a significant project in a prime Philadelphia location. With easy access to major roads and local amenities, the property is strategically positioned for future growth and development. Don’t miss the chance to capitalize on this unique offering reach out today to explore the endless possibilities!
#PAPH2549820

PHILADELPHIA

2725 N PHILIP STREET

None Beds

None Baths

810 Sq.Ft.

$1,600,000

MLS#: PAPH2549820

None
#PAPH2546852

PHILADELPHIA

4813-15 CHESTER AVENUE

None Beds

None Baths

5,976 Sq.Ft.

$1,900,000

MLS#: PAPH2546852

None
#PAPH2555126

PHILADELPHIA

1603 N AMERICAN STREET 11

None Beds

None Baths

N/A

$2,000,000

MLS#: PAPH2555126

Exciting Real Estate Opportunity in Philadelphia! 2728–30 N. 2nd St. Warehouse 2734–30 6 N. 2nd St. Mechanic garage/ with 5 bedroom 3 bathroom loft 2nd floor - Rehabbed 2726 N. 2nd St. Shell. 2725 N. Philip Street Introducing a remarkable $1.6 million listing located on 2nd St, just steps away from Lehigh Avenue in the vibrant city of Philadelphia. This exclusive package encompasses a diverse range of properties, presenting a unique investment opportunity for developers and visionaries. This comprehensive package includes: - A Spacious Warehouse: Perfect for manufacturing, storage, or retail purposes, the warehouse offers ample square footage and high ceilings, providing versatility for various business needs. - A Fully Equipped Mechanic Garage: Ideal for automotive entrepreneurs, this garage is set up for operations, featuring all necessary equipment to start generating income immediately. - A Stunning 5 Bedroom, 3 Bath Loft: This beautifully designed loft offers modern living with plenty of space for families or tenants. With stylish interiors and abundant natural light, it provides a fantastic living experience. - 2 Shell Properties: These adjacent shell properties offer a blank canvas for further development, remodeling, or conversion into additional residential or commercial units, maximizing the potential of this incredible investment. This package presents a huge opportunity for developers looking to create a significant project in a prime Philadelphia location. With easy access to major roads and local amenities, the property is strategically positioned for future growth and development. Don’t miss the chance to capitalize on this unique offering reach out today to explore the endless possibilities!
#PAPH2549730

PHILADELPHIA

2726 N 2ND STREET

None Beds

None Baths

842 Sq.Ft.

$1,600,000

MLS#: PAPH2549730

None
#PAPH2557716

PHILADELPHIA

632 N 2ND STREET

None Beds

None Baths

5,976 Sq.Ft.

$1,750,000

MLS#: PAPH2557716

This solidly built warehouse offers a prime location along one of Philadelphia’s major commercial corridors, Allegheny Avenue. Spanning approximately 16,000 square feet of column free warehouse space, the property provides open, flexible floor plans ideal for a wide range of industrial, manufacturing, storage, or distribution uses. The building is equipped with a large roll up door allowing for easy loading and unloading, as well as a dedicated second floor office suite totaling roughly 4,000 square feet, perfect for administrative or operational needs. With its sturdy construction, generous ceiling heights, and efficient layout, this property is well suited for owner occupants or investors seeking a versatile commercial asset in a high visibility, accessible location.
#PAPH2557942

PHILADELPHIA

2308 W ALLEGHENY AVENUE 12

None Beds

None Baths

16,000 Sq.Ft.

$1,600,000

MLS#: PAPH2557942

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service