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4021-25 Market St 27,284 SF 100% Leased Retail Building Philadelphia, PA 19104 $3,350,000 ($122.78/SF)
INVESTMENT HIGHLIGHTS
- Large open floorplan
- Qualified Opportunity Zone
- Wide staircase
- 16' high ceilings
- Large basement
- 60' frontage on Market Street
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
27,284 SF
Building Class
C
Year Built
1915
Price
$3,350,000
Price Per SF
$122.78
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CMX-4 - primarily intended to accommodate mixed-use development, including a broad range of non-residential uses, in the Center City area.
Frontage
77’ on Market St
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Home Gallery Furnishings
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Home Gallery Furnishings | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (90)
Bike Score®
Biker's Paradise (99)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 884507300 | Improvements Assessment | $255,360 |
| Land Assessment | $63,840 | Total Assessment | $319,200 |
PROPERTY TAXES
Parcel Number
884507300
Land Assessment
$63,840
Improvements Assessment
$255,360
Total Assessment
$319,200
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