847 N 3RD STREET Philadelphia, PA, 19123
$ 1,300,000Bedrooms Baths0.0 Sq 6,000
for $1,300,000. This 6,000 square foot building was built in 1920 on a lot size of 20 X 115.
This is one of the last remaining buildings for redevelopment in the heart of Northern Liberties. Surrounded on all sides by new construction single family houses, this property is ripe for multifamily development of its upper floors. This iconic building converted from the main office of Ortlieb's Brewery to the Ortlieb's Jazzhaus in 1987 and continued its homage to Northern Liberties' rich beer history. It has been operating as Ortlieb's Lounge since 2012. The Lounge is in its third year of a ten year lease with one five-year option remaining. There is a separate entrance to the upper floors and an easement on the north side of the building to allow for a second means of egress. Plans have been drawn for four residential units upstairs but the Seller has not pursued zoning.
Interior* Excluded Features
Cooling System Window Unit(s)
Heating Source Natural Gas
Heating System Gas Hot Water Heater: Gas
List By Mallin Panchelli Nadel Realty, Inc
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Commerical listings in Philadelphia, PA
Average List Price $767,487
Percent of Sale Price 41 %
About Philadelphia, PA
3 % Since 2002
$ 38,982 Median Income
34.87 Median Age
25 % Households with Children
THE SCHOOL DISTRICT OF PHILADELPHIA School District