Building Details

Year Built 1900

Construction exposed brick

Listing Agency: Coldwell Banker Realty d***@closeinphilly.com Show Phone

Listed By: Doug Gungor · License #RS306057 Show Phone

Source: Patmckennarealtors

Added: Aug 28 Changed: Aug 31 Last Checked: Aug 31 at 8:48AM

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Investment Insights

Based on property information with market context.

This storefront commercial space was built in 1900 and currently features a reception area, closet storage, one 300 sq ft semi-private room with a skylight, two smaller semi-open rooms with sliding doors, a kitchenette, and a full bathroom. The interior includes original hardwood floors, exposed brick, extensive natural and artificial lighting, and mini-split systems distributed throughout the space. The layout can be reconfigured if needed.

Located at 16 S 3RD STREET in Philadelphia’s Old City, the property carries CMX-3 zoning with multiple permitted uses by right. Supported use categories include retail, office, care and educational facilities, medical facilities, beverage and grocery uses, pet-related retail, apparel, and radio, television, or studio services.

Key Highlights

• CMX‑3 zoning with multiple permitted uses by right
• 300 sq ft semi‑private room with skylight
• Reception area, two semi‑open rooms, kitchenette, and full bathroom

Property Analytics

Current Use

The Styled Bride Event Planning Papertree Studio Wedding Service Asya Photography Photography Service Studio Nine Photography Wedding Service Earf Studios Film Production

Suggested Use

Top Pick Plumbing Service Tanning Salon (Bike/Boat/Book/etc) Store Pet Grooming Service Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

11,111

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 19106, PA

15,190

Population

9,913

Households

1.5

Avg Household Size

39

Median Age

80%

College-Educated

96%

High-School Grad

0.9 sq mi

ZIP Area

16,878

Density / Sq Mi

$129,779

Median Household Income

$93,953

Median Earnings

$2,219

Median Rent

$528,700

Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$26.07 /SF/Yr

Avg Asking Price

$10.5–$100 /SF/Yr

Price Range

3,463 SF

Avg Space Size

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019

14.1% 2020

16.2% 2021

19% 2022

20.5% 2023

19.6% 2024

19.7% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - CMX-3 zoning supports multiple commercial uses by right, including retail and office applications.

Where is this storefront property located?

The property is located at 16 S 3RD STREET Unit COM Philadelphia, PA.

What is the lease rate?

The lease rate is $3,950/Mo.

What are key features of this property?

This property features: CMX‑3 zoning with multiple permitted uses by right; 300 sq ft semi‑private room with skylight; Reception area, two semi‑open rooms, kitchenette, and full bathroom