4021-25 Market St - Storefront FOR SALE


Philadelphia, PA 19104- Powelton
$3,500,000 USD
267-357-8057
4021-25 Market St, Philadelphia, PA for Sale
$3,500,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

4021-25 Market St
Philadelphia, PA 19104
Powelton


HIGHLIGHTS

  • Large open floorplan
  • 16' high ceilings
  • Qualified Opportunity Zone
  • Large basement
  • Wide staircase
  • 60' frontage on Market Street

OVERVIEW

MPN Realty is proud to present for sale 4021 & 4023-25 Market Street, and 4024-26 Filbert Street in the heart of the University City neighborhood of Philadelphia. The property consists of three parcels, all with two-story buildings plus basements, which are interconnected by various stairwells and doorway openings throughout each building. The Market Street parcels contain 60 feet of frontage and stretch from Market Street to Filbert Street, with garage access in the rear. The Filbert Street property runs about half the length of the block towards Market Street. The property is currently being leased by a Furniture store on a month-to-month basis with 30 day notice to vacate. Zoning for the properties is CMX-4, which allows for development such as Multi-Family, Adult & Child Care, Community Centers, Government Administration, Business and Professional Offices, Retail and Restaurant Uses, and Research & Development businesses. The properties are also located in a Qualified Opportunity Zone, which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid until 2026. More information is located on pages 10 and 11. The SEPTA Market-Frankford subway line runs along Market Street with a station located at 40th Street, just half a block away from the subject properties. It is the busiest SEPTA route, averaging 170,000 boardings per day. The subway runs east and west from the 69th Street Transportation Center through Center City, and then north and south from N. Front Street in Old City to the Frankford Transit Center in North Philadelphia.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

4024-4026 Filbert St

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CMX-4

APN/PARCEL ID

882929060,882929065,884507300

ASK ABOUT THIS PROPERTY

Veronica BlumMPN RealtyMore Info
267-357-8057

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

Veronica BlumMPN RealtyMore Info
267-357-8057

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