Investments Sales Management

4021 MARKET STREET 25

PHILADELPHIA , PA 19104

MLS#: PAPH2483480

$3,350,000

Status: Active
Listing number: PAPH2483480
Listing provided by: Mallin Panchelli Nadel Realty Inc
Listing agent phone: None
Last update: a month ago
On site: 7 months ago
Browse Properties
UNIVERSITY CITY - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1915

Sq.Footage

N/A

DEVELOPMENT OPPORTUNITY IN THE HEART OF UNIVERSITY CITY: 4021-25 Market Street & 4024-26 Filbert Street. The property consists of three parcels, all with two-story buildings plus basements, which are interconnected by various stairwells and doorway openings throughout each building. The Market Street parcels contain 60’ of frontage, and stretch from Market Street to Filbert Street, with garage access in the rear. The Filbert Street property runs about half the length of the block towards Market Street. The property is currently being leased by a furniture store on a month-to-month basis with 30 day notice to vacate. Zoning for the properties is CMX-4, which allows for development such as Multi-Family, Adult & Child Care, Community Centers, Government Administration, Business and Professional Offices, Retail and Restaurant Uses, and Research & Development businesses. The properties are also located in a Qualified Opportunity Zone, which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid until 2026. The SEPTA Market-Frankford subway line runs along Market Street with a station located at 40th Street, just half a block away from the subject properties. It is the busiest SEPTA route, averaging 170,000 boardings per day. The subway runs east and west from the 69th Street Transportation Center through Center City, and then north and south from N. Front Street in Olde City to the Frankford Transit Center in North Philadelphia. The properties are situated in a Mixed Income Overlay District. PROPERTY OVERVIEW: large open floor plan, 16' ceiling heights, QOZ, rear loading off of Filbert St, large basement, wide staircases, 60' of frontage on Market St. Pedestrian and biker friendly with access to Market Street bike lane. NEIGHBORS INCLUDE: Penn Medicine, University of Pennsylvania, Drexel University, HUB on Chestnut, The Radian, Shoppes at Penn, Ronald McDonald House, Distrito, Rosa’s Fresh Pizza, Hai Street Kitchen & Co., City Tap House, Smokey Joe’s, Hip City Veg, Rite Aid.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.3

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $3,350,000

  • Tax Amount

    5103.0

  • 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

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    26

  • Water Source

    Public

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Listing Courtesy of Veronica Gintel Blum , Mallin Panchelli Nadel Realty Inc

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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DEVELOPMENT OPPORTUNITY IN THE HEART OF UNIVERSITY CITY: 4021-25 Market Street & 4024-26 Filbert Street. The property consists of three parcels, all with two-story buildings plus basements, which are interconnected by various stairwells and doorway openings throughout each building. The Market Street parcels contain 60’ of frontage, and stretch from Market Street to Filbert Street, with garage access in the rear. The Filbert Street property runs about half the length of the block towards Market Street. The property is currently being leased by a furniture store on a month-to-month basis with 30 day notice to vacate. Zoning for the properties is CMX-4, which allows for development such as Multi-Family, Adult & Child Care, Community Centers, Government Administration, Business and Professional Offices, Retail and Restaurant Uses, and Research & Development businesses. The properties are also located in a Qualified Opportunity Zone, which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid until 2026. The SEPTA Market-Frankford subway line runs along Market Street with a station located at 40th Street, just half a block away from the subject properties. It is the busiest SEPTA route, averaging 170,000 boardings per day. The subway runs east and west from the 69th Street Transportation Center through Center City, and then north and south from N. Front Street in Olde City to the Frankford Transit Center in North Philadelphia. The properties are situated in a Mixed Income Overlay District. PROPERTY OVERVIEW: large open floor plan, 16' ceiling heights, QOZ, rear loading off of Filbert St, large basement, wide staircases, 60' of frontage on Market St. Pedestrian and biker friendly with access to Market Street bike lane. NEIGHBORS INCLUDE: Penn Medicine, University of Pennsylvania, Drexel University, HUB on Chestnut, The Radian, Shoppes at Penn, Ronald McDonald House, Distrito, Rosa’s Fresh Pizza, Hai Street Kitchen & Co., City Tap House, Smokey Joe’s, Hip City Veg, Rite Aid.

4021 MARKET STREET 25

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