40-42 S 3rd Street, Philadelphia, PA 19106

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Property Description

Fantastic CMX-3 development opportunity in downtown Society Hill! The property is a currently in shell condition and in need of a complete renovation on the inside due to a fire. There were previously 2 commercial tenants on the ground floor and 4 residential units above. These two lots provide 28 feet of frontage along S 3rd Street and will allow a developer to consolidate the lots to maximize building capacity and percentage return. The CMX-3 zoning allows for a wide array of possibilities for the property, from retail, hospitality, residential, and more. Conversion is available to create a boutique/elevator building with amazing foot traffic as the property is steps away from Independence Hall, the Liberty Bell, Curtis Center, Pennsylvania Hospital, Thomas Jefferson University and other points of interest. Potential investors can redevelop the property to utilize the full FAR potential of the site, which is 9,000 SF.

Additional Information

19106 (19106)
Society Hill
Forced Air
Heating Fuel
Natural Gas
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Preferred-Old City.

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