PA > Philadelphia > Northern Liberties
Philadelphia, PA 19122,1201 N 3RD ST
Philadelphia, PA 19122,1201 N 3RD ST
Philadelphia, PA 19122,1201 N 3RD ST
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Listed by Veronica Gintel Blum • Mallin Panchelli Nadel Realty Inc
$1,225,000
Est. payment /mo
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3,885 SqFt
Active

1201 N 3RD ST Philadelphia, PA 19122

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Jonathan Greene

Jonathan Greene

+1(973) 873-0734

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 3,885 sqft

Price per Sqft $315

Subdivision Northern Liberties

MLS Listing ID PAPH2516168

Year Built 1918

Annual Tax Amount $6,135

Tax Year 2025

Lot Size 1,295 Sqft

Acres 0.03

Lot Dimensions 17X78

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

1201 N 3rd St is a mixed-use property on the corner of 3rd and Girard, home to The UPS Store and two residential units. This highly-visible corner is a signalized intersection and offers tremendous exposure to the ground floor retail tenant and abundant light to the units above. The mixed-use triplex features 78' frontage along Girard Avenue and 18' on 3rd Street. Girard Avenue is one of the main commercial corridors in Northern Liberties and counts 15,000 vehicles per day. The building had a full gut rehab in 2017 and received a ten year tax abatement that expires at the end of 2028. The UPS Store leases 1,000 SF on the ground floor plus 900 SF of basement space. This is a franchisee signed lease and is in Year 7 of their 10-year base term with (2) five-year renewal options. UPS has executed their first renewal option. UPS is responsible for 52% of insurance and taxes, as well as 52% of the other usual triple-net charges (utilities, snow removal, maintenance, water/sewer, trash tax, etc.). The storefront features floor-to-ceiling glass windows with high-energy efficiency glass, with a very low solar heat gain co-efficiency rating. On the upper floors are (2) two-bedroom/one-bath units with an open kitchen and living space. Each unit has its own washer and dryer, stainless steel appliances, granite countertops, white subway tile backsplash and double vanities in the
bathroom. This building offers an excellent opportunity to own a stabilized asset in a growing
neighborhood.

Location

State PA

County Philadelphia

Area 19122 (19122)

Zoning CMX-2

Interior

Hot Water Natural Gas

Heating Other

Cooling Other

Heat Source Other

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871402865

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Jonathan Greene

Broker of Record | License ID: 1433604

+1(973) 873-0734

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