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Generational opportunity to acquire a boutique commercial building located one-half block from Philadelphia's most desirable address and meeting place, Rittenhouse Square. Currently vacant; previously owner-occupied for decades as a gallery with showrooms on the first and second floors, and storage on the third and fourth floors. Zoned CMX2 with 25' of frontage, the property is an ideal investment for either a commercial end-user to occupy the entire building, or a developer who wants to convert the top three floors with 10'-12' ceilings to residential while maintaining the valuable ground floor as retail. Capitalize on the tremendous foot traffic at this intersection generated by Starbucks and Rittenhouse Market, in addition to the city's best shops and restaurants lining 18th St. Do not miss the chance to create your own vision at this spectacular location as the opportunity will only come around once in a lifetime!
| DAYS ON MARKET | 196 | LAST UPDATED | 4/21/2024 |
|---|---|---|---|
| TRACT | RITTENHOUSE SQUARE | YEAR BUILT | 1800 |
| COMMUNITY | 19103 (19103) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Apr 21, '24 | $1,975,000 |
|---|---|
| Apr 21, '24 - Today | $1,750,000 |
| ADDITIONAL DETAILS | |
| AREA | 19103 (19103) |
|---|---|
| BUYER'S BROKERAGE COMPENSATION | 3 |
| CONSTRUCTION | Brick |
| LOT | 1307 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | RITTENHOUSE SQUARE |
| TAXES | 17026 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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