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