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1201 N 3Rd St Philadelphia, PA 19147

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For Sale
$1,225,000

Mixed-use property with retail and residential units for sale.

Property size:
3,885 SF
Lot size:
0.03 Acres

Property Features for 1201 N 3Rd St

General Information

Size
3,885 SF
Lot size
0.03 Acres

Source: MPN Realty, Inc. Agent Veronica Blum

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Corner Property Available

Located at the corner of 3rd and Girard, this mixed-use property features a ground-floor retail space currently occupied by The UPS Store, along with two residential units on the upper floors. The property has 78 feet of frontage along Girard Avenue and 18 feet on 3rd Street, providing significant visibility. Girard Avenue is a main commercial corridor in Northern Liberties with a traffic volume of 15,000 vehicles per day. The UPS Store occupies 1,000 square feet on the ground floor, plus an additional 900 square feet of basement space. The UPS Store lease is a franchisee-signed lease and is in Year 7 of a 10-year base term, with two five-year renewal options. The storefront includes floor-to-ceiling glass windows with high-energy efficiency glass. The upper floors contain two two-bedroom, one-bath units, each featuring an open kitchen and living space, a washer and dryer, stainless steel appliances, granite countertops, white subway tile backsplash, and double vanities in the bathroom. The building underwent a full renovation in 2017 and received a ten-year tax abatement that expires at the end of 2028. The property has a total size of 3,885 square feet.
Insight Report Location Intelligence

Current Use by Public Records

Kensington Soccer Club ... Association / Organization Focal-Paint Painting Quaker City Consulting ... Real Estate Consultant SERVPRO of Northern Liberties Water Damage Restoration Service Catan Strategy Group Consultant

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Philadelphia
County
Delaware
State
Pennsylvania
Longitude
-75.149599
Latitude
39.932039

FAQs

What type of property is this?
Retail space - Mixed-use property with retail and residential units for sale.
Where is this retail space located?
The property is located at 1201 N 3Rd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: - Prime corner location at 3rd and Girard with high visibility and traffic (15,000 vehicles per day).; - Stable income from The UPS Store, a franchisee tenant with a lease in Year 7 of 10-year term and renewal options.; - Ten-year tax abatement expiring at the end of 2028.
More about this property
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