3401 Conrad St - Flex FOR SALE


Philadelphia, PA 19129
$1,300,000 USD
215-971-6496
3401 Conrad St, Philadelphia, PA for Sale
$1,300,000 USD
Flex - FOR SALE
1/3
null | 6.92% Cap Rate

3401 Conrad St
Philadelphia, PA 19129


HIGHLIGHTS

  • Ample retail frontage
  • Each apartments has a balcony overlooking Conrad Street

OVERVIEW

MSC is pleased to present 3401 Conrad Street, a prominent three-story mixed-use corner property on one of East Falls' most charming retail corridors. The property includes up to 1,575 sf of ground floor commercial and two (2) three bedroom apartments above. With rents currently under market and 1,000 SF vacant on the ground floor, there is much potential here for an investor or owner-operator to upgrade and stabilize this East Falls landmark. 3401 Conrad St. has a 1,000 sf commercial storefront currently available for lease. Projected rent for the vacant storefront is $2,500+ per month, NNN. Long-term tenant The Artist Haus, a beautifully renovated salon, leases 575 sf for $1,250 per month. The upper floors rent for $1,650 per month and $1,850 per month and each have rare balconies overlooking Conrad St and neighbors such as Rutabaga Toy Library, Vegan Vibe Cafe & Juice Bar, and Nino Brand Women's Clothing.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$345 USD /SF

CAP RATE

6.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1939

UTILITIES

Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04

LAND SF

1,742

ZONING

CMX-1

APN/PARCEL ID

871602655

ASK ABOUT THIS PROPERTY

215-971-6496

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215-971-6496

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