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    461 3Rd St Philadelphia, PA 19123

    Sponsored
    For Lease
    $22 SF/Yr

    Boutique Office Building, 3 Suites Available

    Lot size:
    42,085 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This stunning 42,085 square foot, Class B office building at 461 N 3rd Street in Philadelphia's vibrant Northern Liberties neighborhood offers three available suites ranging from 2,040 to 4,500 square feet. Originally constructed in 1915 and renovated in 2002, the building retains much of its original architectural charm while providing modern amenities. The property boasts an elevator and a convenient adjacent private parking lot. Located in a thriving area popular with young professionals, artists, and established businesses, this location offers unparalleled access to public transportation, including multiple SEPTA bus routes, bike rentals, and a nearby subway station. Its central location between Spring Arts, Old City, and the Delaware Waterfront provides easy access to the entire Philadelphia region. This is a unique opportunity to secure office space in a highly desirable and historically significant building. The building's multiple tenancy structure provides flexibility for various business needs. The building's rich history, coupled with its modern updates and prime location, makes it an exceptional investment opportunity.

    Property Features for 461 3Rd St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    42,085 SF
    Class
    B
    Total Rate
    78909.38

    Building Details

    Year Built/Renovated
    1915/2002

    Unit(s) available at that property

    Space
    3rd Floor
    Size
    2,040 SF
    Rate per SF
    $22
    Space
    5th
    Size
    4,500 SF
    Rate per SF
    $22
    Space
    2nd - 200
    Size
    2,376 SF
    Rate per SF
    $22

    HighLights

    • Office and land property totaling 42,085 square feet.
    • Three suites available, ranging from 2,040 to 4,500 square feet.
    • Class B building, originally constructed in 1915 and renovated in 2002.
    • Located in Philadelphia County's Northern Liberties neighborhood, offering convenient access to public transportation and amenities.
    • Features on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Empowerment Resource Associates ... Mental Health Clinic Ian McKee - Mortgage ... Mortgage Broker SMU DataArts Performing Arts Group Affordable Home Care, ... Home Health Care Service The Winston Social Club Social Club

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1435245
    Latitude
    39.9589192

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    FAQs

    What type of property is this?
    Land - Boutique Office Building, 3 Suites Available
    Where is this land located?
    The property is located at 461 3Rd St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Office and land property totaling 42,085 square feet.; Three suites available, ranging from 2,040 to 4,500 square feet.; Class B building, originally constructed in 1915 and renovated in 2002.
    Request Owner's contact information
    461 3Rd St Philadelphia, PA 19123
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    Philadelphia, PA 19123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    461 3Rd St Philadelphia, PA 19123
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