N3RD Street Commercial Condo Sale/Lease Opportunity AVAILABLE FOR SALE OR LEASE All information furnished regarding the property for sale or lease is from sources deemed reliable, but no warranty or representation is made as the accuracy thereof, and same is subject to errors, omissions, change of price, rental, prior sale, lease, financing, withdraw without notice or other condition. AVAILABLE SALE/LEASE 20-22 N. 3 rd Street The Daniel Building Four industrial loft commercial condominiums which can be sold individually or combined. Unique opportunity to own a high-end commercial condo from 2,200-12,400 SF Elevator served building Ideal for retail, office or live/work space Soaring 12 concrete ceilings, polished concrete floors, oversized industrial/factory windows and granite kitchens Located in the heart of Old City America s Most Historic Square Mile. Situated immediately north of Market Street and just steps from countless restaurants, cafes, bars, shops, galleries, entertainment and historic attractions. Asking Price: $650,000 - $3,300,000 For Additional Information Contact: The Flynn Company (215) 561-6565 Michael Gallagher mgallagher@flynnco.com Brendan Flynn bflynn@flynnco.com www.flynnco.com
20-22 N. 3 rd Street - Aerial Map 11 12 14 15 13 16 3 1 17 4 7 5 8 6 9 2 10 20 19 18 1 Shirt Corner Apartments/CVS 2 Franklin Court 3 National Museum of American Jewish History 4 Liberty Bell 5 Hotel Monaco 6 Omni Hotel 7 Independence Hall 8 2 ND Bank of the United States 9 National Liberty Museum 10 Museum of the American Revolution 11 National Constitution Center 12 United States Mint 13 Wyndam Hotel 14 Betsy Ross House 15 Elfreth s Alley 16 Starbucks 17 Christ s Church 18 Penn s Landing 19 I-95 Access 20 2 nd Street bars and restaurants
20-22 N. 3 rd Street - Aerial Bird s Eye View M A R K E T S T R E E T N3RD STREET
20-22 N. 3 rd Street Condo Breakdown Unit Number SF Total SF Sale Price Lease Price Comments 101 Street Level - Approximately 2,200 SF Lower Level - Approximately 1,800 SF Approximately 4,000 SF $1,000,000 $20.00 per SF NNN Street level unit with 12' concrete exposed ceilings, polished concrete floors. Suitable for retail, design, office, studio, tech space. Clean/useable lower level has 10' ceilings and elevator access. 102 Street Level - Approximately 2,200 SF Lower Level - Approximately 1,800 SF Approximately 4,000 SF $1,000,000 $20.00 per SF NNN Street level unit with 12' concrete exposed ceilings, polished concrete floors. Suitable for retail, design, office, studio, tech space. Clean/useable lower level has 10' ceilings and elevator access. 101 and 102 Street Level - Approximately 4,400 SF Lower Level - Approximately 3,600 SF Approximately 8,000 SF $2,000,000 $20.00 per SF NNN Full ground floor opportunity. 12' concrete exposed ceilings, polished concrete floors and industrial/factory windows. 2 bathrooms, granite kitchen and stainless steel appliances. 201 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 $20.00 per SF NNN 2nd floor, elevator-served unit. 12' concrete exposed ceilings, glass conference room, polished concrete floors and industrial/factory windows. 2 bathrooms, granite kitchen and stainless steel appliances. Suitable for live/work space. 202 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 $20.00 per SF NNN 2nd floor, elevator-served unit. 12' concrete exposed ceilings, glass conference room, polished concrete floors and industrial/factory windows. 2 bathrooms, granite kitchen and stainless steel appliances. Suitable for live/work space. 201 and 202 2nd floor - Approximately 4,400 SF Approximately 4,400 SF $1,300,000 $20.00 per SF NNN Full 2nd floor opportunity with elevator access. 12' concrete exposed ceilings, polished concrete floors and industrial/factory windows. 2 bathrooms, granite kitchen and stainless steel appliances. Suitable for live/work space. 101, 102, 201, 202 Lower Level - Approximately 3,600 SF Street Level - Approximately 4,400 SF 2nd Floor - Approximately 4,400 SF Approximately 12,400 SF (34% of the entire building) $3,300,000 $20.00 per SF NNN Opportunity for two full floor condo units with interconnecting architectural staircase. 12' concrete exposed ceilings, polished concrete floors and industrial/factory windows. 4 bathrooms, granite kitchen and stainless steel appliances. Suitable for retail, studio, tech office or live/work space.
20-22 N. 3 rd Street Exterior Property Photo 3 rd Street View Rear View (note large industrial windows)
20-22 N. 3 rd Street Property Photo
20-22 N. 3 rd Street Property Photo
20-22 N. 3 rd Street Property Photo
20-22 N. 3 rd Street Property Photo
20-22 N. 3 rd Street Property Photo
20-22 N. 3 rd Street Floor Plans Units can be demised down the center column line or delivered as a contiguous open floor. Units can also include architectural interconnecting stair or be delivered with stair removed. Layouts are flexible.
20-22 N. 3 rd Street Zoning Map CMX-3 zoning allows for commercial use as well as residential use. Office, residential and a combination live/work are permitted uses.
20-22 N. 3 rd Street Old City Philadelphia Located next to Independence Mall, where the country s Founding Fathers declared liberty and built a free nation, Old City still boasts charming cobblestone streets and plenty of 18th-century charm along with an independent streak that s evident in everything from its owner-operated shops to its edgy art scene. Its proximity to the Liberty Bell, Penn s Landing and the Benjamin Franklin Bridge makes Old City, which runs from Vine Street to Walnut Street north to south and from 7th Street to the Delaware River east to west, a favorite for tourists as much as for the residents who call it home. People love the neighborhood for its fashionable boutiques, great restaurants, eclectic galleries and theaters and vibrant nightlife. Especially popular are First Fridays, when art lovers fill the streets and hop from gallery to gallery. The birthplace of the nation, the historic heart of Philadelphia resides along Independence Mall. Home to Independence Hall and The Liberty Bell Center, the Mall also boasts a number of cultural institutions including the National Museum of Jewish American History, the National Constitution Center and the Philadelphia History Museum.
20-22 N. 3 rd Street Old City Tax Incentive Pa. stretches tax breaks for Old City tech March 23, 2016 by Joseph N. DiStefano Software and life-science start-up companies in Old City can now qualify for a state Income tax break even if they re not making money yet without moving to the University neighborhoods where the program was previously established. Mayor Kenney, an Old City resident, joined Arcweb Technologies founder Chris Cera and other N. 3 rd St. area firm owners at Cera s Market St. office to mark the expansion of The University City Keystone Innovation Zone to include blocks between Walnut St. and The Ben Franklin Bridge west to 5 th St. Unprofitable start-ups, with no income taxes to Reduce, can sell the tax credits to investors, typically for up to 90 cents on the dollar, said Kristen Fitch, a Science Center employee who directs the Zone. The Zone had already spread beyond U.C. to embrace much of Center City and a corner of South Philly. The program gives tax credits of up to $100,000 a year to qualified firms less than 8 years old in neighborhoods adjoining the Penn, Drexel and PCS campuses, the Former DuPont Co. paint plant and Grays Ferry that now houses Penn Engineering s Business incubator, and a wide strip of Center City including the Thomas Jefferson University campus and the neighborhoods around City Hall and Rittenhouse Square. Cera, whose design firm employs 35, said he welcomed the Zone as a way to help reduce the number of firm leaving Old City as they grow. He named SevOne, PerPay and Lamps.com among tech firms that might have taken more space in the old brick neighborhood, instead of moving west, if they d enjoyed more public financial encouragement. He expressed confidence Old City will develop over the next decade into Philadelphia s technology center, reversing a long history of firms moving from college Campuses to the U.S. 202 suburban corridor. The Zone has spread $8 million in tax credits to 48 Philadelphia companies in the past ten years, including $1.8 million to 21 companies last year, Science Center boss Dr. Steve Tang said. Firms including biosensor maker Graphene Frontiers and autism-guidance system developer Guiding Technologies Inc. said in a statement that they have used cash from credits to hire new software professionals. The program is administered by the Pennsylvania Department of Community and Economic Development, which lists tax credit recipients on Its Web site.
20-22 N. 3 rd Street Potential for 9 Condo (23,400 SF) Package Deal Unit Number SF Total SF Sale Price 101 102 Street Level - Approximately 2,200 SF Lower Level - Approximately 1,800 SF Street Level - Approximately 2,200 SF Lower Level - Approximately 1,800 SF Approximately 4,000 SF $1,000,000 Approximately 4,000 SF $1,000,000 201 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 202 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 302 3rd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 402 4th floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 502 5th floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 701 702 Penthouse - Approximately 2,200 SF; w/ roof rights Penthouse - Approximately 2,200 SF; w/ roof rights Approximately 2,200 SF $850,000 Approximately 2,200 SF $850,000 9 total condo units (out of a total of 14 in building) 23,400 total SF (64% of the building) $7,000,000 In addition to units 101, 102, 201 and 202, the Seller also owns units 302, 402, 502, 701 and 702 and has the ability to sell all nine (9) condos for a package price of $7,000,000.
20-22 N. 3 rd Street Property Details Construction Details Foundation Lower Level Structural Frame Exterior Walls Windows Roof Masonry 10 ceilings and elevator access. Useable/clean space w/ 2 large industrial windows Reinforced concrete Brick Extra large industrial/factory windows; most are double pane insulated glass Built-up roof w/ recent silver coating over fiberglass Interior Finishes Floors Walls Ceilings Lighting HVAC Electrical Plumbing Hot Water Elevators Rest Rooms Sprinklers Other Fire Safety Security Polished concrete floors Concrete/brick 12 foot exposed concrete ceilings Fluorescent Each unit has gas or electric hot air heat and electric A/C; each unit separately metered Minimum 150 amp service Iron, copper and PVC conforming to code Electric 2 passenger; 1 can be used for freight Ground floor 1 per unit. Upper floors 2 full per unit New sprinkler and risers conforming to code Hard-wired smoke detection system Unused security system in-place. Front door locked at all times; visitor buzzer system in lobby
20-22 N. 3 rd Street Contact Information & Offer Instructions For Further Information Please Contact: The Flynn Company 1621 Wood Street Philadelphia, PA 19103 (215) 561-6565 www.flynnco.com Michael Gallagher x151 mgallagher@flynnco.com Brendan Flynn x152 bflynn@flynnco.com All Purchase Offers Shall Include: Purchase Price Timing for inspection period and closing date Amount of Deposit Money, including the amount that is non-refundable Source of funds for the acquisition Financial strength of purchaser Summary of closed transactions and references Seller, with it s sole and absolute discretion, reserves the right to remove the Property from the market. Seller expressly reserves the right, in its sole and absolute discretion, to reject any and all proposals or expressions of interest in the Property, to terminate discussions with any party at any time. All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof, and same is subject to errors, omissions, change of price, rental, prior sale, lease, financing withdrawal without notice or other conditions.