1,175,000-Motivated Seller !!!! | 302 Market St
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1,175,000-Motivated Seller !!!! 302 Market St
3,960 SF 33% Leased Retail Building Philadelphia, PA 19106 $1,375,000 ($347/SF)
Investment Highlights
- Prime Corner location
- Five New 100+ residential buildings nearby
- Development Rights
- Block from the Durst Organizations $2.2 Billion dollar Penn's Landing Re-development project.
Executive Summary
The Legendary "Shirt Corner" building is for sale! Development rights allow two additional floors to be added to the current structure.
Located at 02 Market Street, this 2840 SF property is a gem in the heart of Old City, Philadelphia. The vibrant neighborhood is steeped in rich history, dotted with trendy restaurants, and alive with a bustling nightlife. The property, strategically situated on a corner lot with high foot traffic, is a prime spot for a retail business or restaurant. The existing 2-story structure is not just a building but a canvas for your vision, engineered to support the addition of two more floors. Perfect for a franchisee, your next retail business, or an eatery. The rear yard offers access to 3rd Street. Plus, this property boasts a modern, full-height, finished basement.
Located at 02 Market Street, this 2840 SF property is a gem in the heart of Old City, Philadelphia. The vibrant neighborhood is steeped in rich history, dotted with trendy restaurants, and alive with a bustling nightlife. The property, strategically situated on a corner lot with high foot traffic, is a prime spot for a retail business or restaurant. The existing 2-story structure is not just a building but a canvas for your vision, engineered to support the addition of two more floors. Perfect for a franchisee, your next retail business, or an eatery. The rear yard offers access to 3rd Street. Plus, this property boasts a modern, full-height, finished basement.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
B
Year Built
2018
Price
$1,375,000
Price Per SF
$347
Percent Leased
33%
Building Height
2 Stories
Building FAR
2.25
Lot Size
0.04 AC
Zoning
CMX-3 - Commercial
Frontage
22 FT on Market Street
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (84)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 885812840 | Improvements Assessment | $398,616 |
| Land Assessment | $243,784 | Total Assessment | $642,400 |
PROPERTY TAXES
Parcel Number
885812840
Land Assessment
$243,784
Improvements Assessment
$398,616
Total Assessment
$642,400
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1,175,000-Motivated Seller !!!! | 302 Market St
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