847 N 3RD STREET Philadelphia, PA 19123

$1,300,000
847 N 3RD STREET, Philadelphia, PA 19123
1000193076

Commercial Property for sale in Philadelphia, PA

for $1,300,000. This 6,000 square foot building was built in 1920 on a lot size of 20 X 115.

Property Information

  • $1,300,000
  • Commercial
  • 6,000 Square Feet
  • Taxes are $489,500
  • Other / Unknown
  • Active
  • Lot size of 20 X 115
  • Built in 1920
  • Philadelphia, PA
  • Club District Neighborhood
  • Philadelphia County
  • MLS/Web ID is 1000193076

Description

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.

Room Information

  • Master Bedroom

Neighborhood & Schools

School District: THE SCHOOL DISTRICT OF PHILADELPHIA

Listed By

Broker: MALLIN PANCHELLI NADEL REALTY, INC

847 N 3RD STREET, Philadelphia, PA, 19123 is a Commercial Property for sale at $1,300,000 with 6,000 sqft and a lot size of 20 X 115. 847 N 3RD STREET has 0.0 baths and was built in 1920. The property's zip code is 19123 which is in Philadelphia, PA

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Market Pricing

Average % of sale price Median % of sale price
All listings in Philadelphia $491,715 62 % below $310,000 76 % below
Commerical listings in Philadelphia $800,676 38 % below $400,000 69 % below
Sold listings in Philadelphia $157,550 88 % below $135,000 90 % below

Get the facts about Philadelphia, PA!

Population 1,558,191
Population Growth (since 2000) 3 %
Median Income $38,982
Median Age 34.87
Households w/ Children 25 %

Residential Dwellings

  • Owned 332362
  • Vacant 66130
  • Rented 282519

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363