Mixed-Use at 3rd & Cherry Streets – Philadelphia

133 North Third Street; Philadelphia, PA 19106

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  • https://www.rittenhouserealty.com/wp-content/uploads/2014/08/Store-Front.jpg

  • https://www.rittenhouserealty.com/wp-content/uploads/2014/08/Living-Room.jpg

  • https://www.rittenhouserealty.com/wp-content/uploads/2014/08/Kitchen.jpg

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Property Details

  • Price-
  • Property TypeMixed Use
  • NeighborhoodOld City District
  • Number of Units5
  • Lot Size0.04 acres
  • Price/Unit-
  • Price/Bedroom-
  • Year Built1920

Investment Highlights
• Old City Mixed-Use Property with Parking (3 Apartments + 1 Retail +1 Office)
• Large, One-Bedroom Loft Style Units with Potential for Renovation to Increase Rents
• Ground Floor Tenant in 9th Year of Lease with New Two (2) Year Extension
• Located in Historical Old City District of Philadelphia

Investment Overview
Rittenhouse Realty Advisors (“RRA”) extends to qualified investors the opportunity to acquire the fee simple interest in a five-unit, mixed-use property situated in the Historic Old City District of Philadelphia. This property consists of a storefront, an office, and three, large loft style apartments. Located on the corner of the beautiful tree-lined Cherry Street and North Third Street, this 6,100 square foot property has historically enjoyed 100% occupancy. The retail tenant, one of the many successful clothing and retail boutiques on this strip of Third Street has been in the building for nine years, occupying approximately 1,000 square foot of space. The rear commercial space, approximately 250 square foot, is currently occupied by an office tenant. The residential units boast abundant natural light, original hardwood floors and high ceilings. Given the size of two of these large one bedroom units, it is conceivable that a second bedroom could be added and subsequently increase the rent roll.

Property Status

NOTE: This property is no longer available.


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