$1,475,000
$1,750,000
15.7%For more information regarding the value of a property, please contact us for a free consultation.
5,240 SqFt
SOLD DATE : 08/01/2024
Key Details
Sold Price $1,475,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 5,240 sqft
Price per Sqft $281
Subdivision Rittenhouse Square
MLS Listing ID PAPH2290430
Sold Date 08/01/24
Originating Board BRIGHT
Year Built 1800
Annual Tax Amount $17,026
Tax Year 2024
Lot Size 1,500 Sqft
Acres 0.03
Property Description
Generational opportunity to acquire a boutique commercial building located one-half block from Philadelphia's most desirable address and meeting place, Rittenhouse Square. Currently vacant; previously owner-occupied for decades as a gallery with showrooms on the first and second floors, and storage on the third and fourth floors. Zoned CMX2 with 25' of frontage, the property is an ideal investment for either a commercial end-user to occupy the entire building, or a developer who wants to convert the top three floors with 10'-12' ceilings to residential while maintaining the valuable ground floor as retail. Capitalize on the tremendous foot traffic at this intersection generated by Starbucks and Rittenhouse Market, in addition to the city's best shops and restaurants lining 18th St. Do not miss the chance to create your own vision at this spectacular location as the opportunity will only come around once in a lifetime!
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning CMX2
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882963795
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Other
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Bought with Josh Weiss • MSC Retail, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "