23-25 S 19th St - Storefront Retail/Office FOR SALE


Philadelphia, PA 19103- Center City West
$3,250,000 USD
215-520-5091
23-25 S 19th St, Philadelphia, PA for Sale
$3,250,000 USD
Storefront Retail/Office - FOR SALE
1/25
null | Request Cap Rate

23-25 S 19th St
Philadelphia, PA 19103
Center City West


HIGHLIGHTS

  • Rittenhouse Square has become widely considered as one of the finest urban public spaces in the United States.
  • The park square is nested in the middle of Philadelphia’s Center City District.
  • High-rise residences, luxury apartments, an office tower, popular restaurants and retail stores surround this tree-filled park.
  • The Rittenhouse Square neighborhood is the premier dining and shopping neighborhood in downtown Philadelphia.
  • Rittenhouse Square continues to add more density and foot traffic.

OVERVIEW

MPN Realty, Inc., is proud to exclusively present for sale the property located at 23-25 South 19th Street, the corner of South 19th and Ludlow Street. 23-25 South 19th Street consists of two parcels and one building, with approximately 5,800sf, over three floors and a lot area of 2,880sf. The ground floor consisting of two commercial spaces each +/- 1,000sf and additional basement space. Originally a 2,000sf dry cleaning location the space was demised in 2017 and two units created. Due to the nature of the use, ownership had a Phase II environmental site assessment done at that time, which provided a clean assessment with no need for reporting or remediation. The two units are now occupied by Healthy Picks Deli on the corner and Ye Old Cleaners and Taylor in the inline space. A stairway on the south side of the property leads to the upper floors. The 2nd floor office space has been occupied by Creative Realty since 2018, and they have just extended their lease for an additional year till June 2024. The residential units consist of one studio and two/ 1 bedroom units on the 2nd and 3rd floors.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The 19th Just South of Market Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

CMX-5

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Joe ScarponeMPN RealtyMore Info
215-520-5091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joe ScarponeMPN RealtyMore Info
215-520-5091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.