120 Arch St
PHILADELPHIA, PA 19106

$1,900,000

Description

Prime Old City grand commercial property. Surrounded by walking streets, great architecture, cafe's, restaurants, landmark historic sites and so much new development! The large scale "National" site is well under way with a proposed 180 unit mixed use complex just across the street. 120 Arch consists of 4 floors of great Old City loft space. High ceilings, big & bright windows, working freight elevator, exposed brick and industrial duct-work. Rear of the property has windows that have been bricked up that could be reinstalled for apartment conversion. 1st & 2nd floor is a high-end boutique in business for many years, 3rd floor is built out & has a short term lease for office space, 4th floor is vacant & needs renovation. Superb location for a mixed use redevelopment, possible apt/condo conversion and prime street traffic for a wide range new commercial tenants. Possible owner occupant uses as well with income. A beautiful well maintained building, Historical facade, CMX3 zoning, and huge potential for investment!

Details

MLS#PAPH507464
StyleIndustrial
Sub-TypeResale
StatusActive
Year1917
Days On Site110

Features

SQ Feet8,500
Story(s)0
ZoningCMX3

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19106
Area19106 (19106)
Listing VS Median (in 19106)
Price:
$1,900,000
low | high
Med:
$3,300
100% of Average
SqFt:
8,500
low | high
Med:
900
100% of Average
$ / SqFt:
$224
low | high
Med:
$4
100% of Average
On Site:
110
low | high
Med:
42
100% of Average
Listing Updated: 04/23/2019
MLS Number: PAPH507464
Listing Provided By:
Leon Aksman  of  Plumer Associates Inc