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

$1,300,000
List Price
$1,300,000
Days On Market
66
Status
ACTIVE
MLS#
1009911744
Lot Size (Acres)
0.05
Year Built
1919
County
Philadelphia

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

Area
19106 (19106)
Subdivision
Society Hill
Taxes
$12961
Heating
Forced Air
Heating Fuel
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Preferred-Old City.

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