Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1918
Sq.Footage
N/A
1201 N 3rd Street: We are pleased to present 3rd and Girard, home to The UPS Store and two residential units. This highly-visible corner is a signalized intersection and offers tremendous exposure to the ground floor retail tenant and abundant light to the units above. The mixed-use triplex features 78’ frontage along Girard Avenue and 18’ on 3rd Street. Girard Avenue is one of the main commercial corridors in Northern Liberties and counts 15,000 vehicles per day. The building had a full gut rehab in 2017 and received a ten year tax abatement that expires at the end of 2028. The UPS Store leases 1,000 SF on the ground floor plus 900 SF of basement space. This is a franchisee signed lease and is in Year 7 of their 10-year base term with (2) five-year renewal options. UPS is responsible for 52% of insurance and taxes, as well as 52% of the other usual triple-net charges (utilities, snow removal, maintenance, water/sewer, trash tax, etc.). The storefront features floor-to-ceiling glass windows with high-energy efficiency glass, with a very low solar heat gain co-efficiency rating. On the upper floors are (2) two-bedroom/one-bath units with an open kitchen and living space. Each unit has its own washer and dryer, stainless steel appliances, granite countertops, white subway tile backsplash and double vanities in the bathroom. This building offers an excellent opportunity to own a stabilized asset in a growing neighborhood.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.03
-
Property Type
Commercial Sale
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
None
Financial
-
Sales Price
$1,225,000
-
Tax Amount
13224.0
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Veronica Gintel Blum , Mallin Panchelli Nadel Realty Inc
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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