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- LoopNet Team
847 N 3rd St
Philadelphia, PA 19123
Mixed-Use Development for Sale · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
ABOUT 847 N 3RD ST , PHILADELPHIA, PA 19123
MPN Realty offers one of the last remaining buildings for redevelopment in the heart of Northern Liberties. Surrounded on all sides by new construction single family houses, this property is ripe for multifamily development of its upper floors. This iconic building converted from the main office of Ortlieb’s Brewery to the Ortlieb’s Jazzhaus in 1987 and continued its homage to Northern Liberties’ rich beer history. It has been operating as Ortlieb’s Lounge since 2012. The Lounge is in its third year of a ten year lease with one five-year option remaining. There is a separate entrance to the upper floors and an easement on the north side of the building to allow for a second means of egress. Plans have been drawn for four residential units upstairs but the Seller has not pursued zoning.
PROPERTY TAXES
| Parcel Number | 882918085 | Improvements Assessment | $440,720 |
| Land Assessment | $110,180 | Total Assessment | $550,900 |
PROPERTY TAXES
