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3401 Conrad St 3,769 SF Vacant Flex Building Philadelphia, PA 19129 $1,200,000 ($318.39/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Ample retail frontage
- Each apartments has a balcony overlooking Conrad Street
EXECUTIVE SUMMARY
3401 Conrad Street is 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.
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.
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.
PROPERTY FACTS
| Price | $1,200,000 | Building Class | C |
| Price Per SF | $318.39 | Lot Size | 0.04 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 3,769 SF |
| Cap Rate | 7.50% | No. Stories | 3 |
| Property Type | Flex | Year Built | 1939 |
| Zoning | CMX-1 - Mixed Commercial Use | ||
| Price | $1,200,000 |
| Price Per SF | $318.39 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.50% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.04 AC |
| Rentable Building Area | 3,769 SF |
| No. Stories | 3 |
| Year Built | 1939 |
| Zoning | CMX-1 - Mixed Commercial Use |
AMENITIES
- Balcony
UTILITIES
- Water - City
- Sewer - City
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- The Artist Haus
- Services
- 575 SF
- $34.00
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| The Artist Haus | Services | 575 SF | $34.00 | Triple Net | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Floor
- 3,769 SF
- Flex
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,769 SF | Flex | - | Now |
1st Floor
| Size |
| 3,769 SF |
| Space Use |
| Flex |
| Condition |
| - |
| Available |
| Now |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 871602655 | Improvements Assessment | $229,120 |
| Land Assessment | $57,280 | Total Assessment | $286,400 |
PROPERTY TAXES
Parcel Number
871602655
Land Assessment
$57,280
Improvements Assessment
$229,120
Total Assessment
$286,400
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3401 Conrad St
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