UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision University City
MLS Listing ID PAPH2483480
Year Built 1915
Annual Tax Amount $5,103
Tax Year 2024
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Retail
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX4
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Other
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Lot Description Additional Lot(s)
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882929060
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
- 10
Penn Alexander School
Public | KG - 8
- 9
Gamp
Public | 5 - 12
- 9
Masterman Julia R Secondary School
Public | 5 - 12
- 7
Christopher Columbus Charter School
Public | KG - 8
- 6
Albert M. Greenfield School
Public | KG - 8
- 6
Independence Charter School
Public | KG - 8
- 6
D. Newlin Fell School
Public | KG - 8
- 5
Russell Byers Charter School
Public | PK - 6
- 5
Philadelphia Performing Arts Charter School
Public | KG - 8
- 5
Abram Stockton Jenks School
Public | KG - 4
- 5
Alliance for Progress Charter School
Public | KG - 8
- 5
Mastery Charter School - Thomas Campus
Public | KG - 12
- 4
Overbrook Elementary School
Public | KG - 6
- 4
Philadelphia Montessori Charter School
Public | PK - 6
- 4
Andrew Hamilton School
Public | KG - 8
- 4
Mastery Charter School Mann Elementary
Public | KG - 6
- 4
Discovery Charter School
Public | KG - 8
- 4
Martha Washington Elementary Academics
Public | KG - 8
- 4
Robert Morris School
Public | KG - 8
- 4
Chester A. Arthur School
Public | KG - 8
- 4
Boys Latin of Philadelphia Charter School
Public | 6 - 12
- 4
Mastery Charter School -Shoemaker Campus
Public | 7 - 12
- 2
The Sd of Philadelphia Virtual Academy
Public | 6 - 12
- 1
Dimner Beeber Middle School
Public | 6 - 8
- 1
World Communications Charter School
Public | 6 - 12
- 0
Kohelet Yeshiva High School
Private | 8 - 12
- 0
Wordsworth Academy
Private | 6 - 12
- 0
Student Education Center & Delaware Valley High School
Private | 8 - 12
- 8
Science Leadership Academy
Public | 9 - 12
- 8
Academy at Palumbo
Public | 9 - 12
- 7
Carver High School
Public | 9 - 12
- 5
Preparatory Charter School of Mathematics Science
Public | 9 - 12
- 5
Creative and Performing Arts
Public | 9 - 12
- 5
Philadelphia Electrical & Tech Chs
Public | 9 - 12
- 5
Parkway-Center City
Public | 9 - 12
- 4
Motivation High School
Public | 9 - 12
- 4
Parkway West
Public | 9 - 12
- 4
Paul Robeson High School for Human Services
Public | 9 - 12
- 4
Franklin Lc
Public | 9 - 12
- 1
William L. Sayre High School
Public | 9 - 12
- 1
Overbrook High School
Public | 9 - 12
- 1
John Bartram High School
Public | 9 - 12
- 1
West Philadelphia High School
Public | 9 - 12
- 1
The Workshop School
Public | 9 - 12
- 1
School of the Future
Public | 9 - 12
- 1
Universal Audenried Charter High School
Public | 9 - 12
- 1
Strawberry Mansion High School
Public | 9 - 12
- 1
South Philadelphia High School
Public | 9 - 12
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Stephanie Parker
Associate Broker | License ID: AB069394
Associate Broker License ID: AB069394