216-18 Market Street, Philadelphia, PA 19106 - Photo 1

1/1

$2,850,000

Sold
Closed
Retail

1/1

Property Description

Amazing opportunity to own a Turn-Key, CMX3 Income Producing Mixed Use/Commercial Building in the heart of Old City at 2nd and Market Street! Located directly across the street from Christ Church and at the Market-Frankford subway stop, 216-218 Market Street features two (2) first floor commercial spaces currently occupied with a single long-term commercial tenant. The street level commercial spaces were formally a restaurant and include all equipment and a full commercial kitchen and office in the finished basement offering even more useable space. The second, third, and fourth floors feature four (4) modern residential apartments all with updated kitchens, bathrooms, hardwood floor, separate HVAC, and washer/dryer. Unit 1 is a 2 bedroom/2.5 bath currently rented at $2500/month. Units 2 and 3 are 1 bedroom/1 bath currently rented at $1675 each, and Unit 4 is a unique 3 bedroom/2 bath penthouse corner unit loft with an outdoor deck, private elevator and lobby entrance currently rented at $3900. This building has been meticulously maintained and is ideal for an owner/occupant or investor.

Full Property Details

Full Property Details for 216-18 Market St

General

Sold For: $2,850,000
Taxes: $22,140 (2022)
Status: Closed
Type: Retail
Source: BrightMLSPhilly
MLS ID: PAPH2227518
Added to Site: 1, 051 day(s) ago

Business

Business Type: Apartment Building, Other/General Retail, Profession

Interior

Flooring: Hardwood

Rooms

Bathrooms

Restrooms: 20

Additional Information

Security/Safety: Security System, Sprinkler System - Indoor

Parking

Parking Type: None

Location

Area: 19106 (19106)
Municipality: PHILADELPHIA
County: Philadelphia
Cross Streets: Strawberry Street
Driving Directions: GPS!
Location Details: Downtown

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: 90% Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Electric Available, Natural Gas Available, Water Available

Structural Information

Construction: Masonry
Roof: Rubber
Entry Floor Number: 1
Elevator(s ): 1
Stories/Levels: 4
Year Built: 1900
Year Built Source: Assessor
Property Condition: Excellent

Unit Information

# Tenants: Single

Lot Features

Property View: Street, City
Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,870
Lot Size Source: Assessor
Lot Dimensions: 28.00 x 66.00
Zoning: CMX3

Financial Considerations

Price Per Sq. Ft.: $420
Operating Expenses: $2,795
Annual Heat Cost: $358
Assessment Year: 2023
School Tax: $12,149
City/TownTax: $9,991
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $1,581,700
Tax Amount: $22,140
Tax Year: 2022
Owner Pays: Gas, Heater Maintenance Contract, Insurance, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Water, Trash Collection
Landlord Pays: Gas, Heater Maintenance Contract, Insurance, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Water, Trash Collection

Disclosures and Reports

Ownership: Fee Simple
Investment: Yes

Listed by Compass Pennsylvania, LLC, Matthew J Aragona
Sold by Philly Real Estate, Emily L Chan

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code optional

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Listing agent

— 216-18 Market St —

Matthew J Aragona

Compass Pennsylvania, LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 216-18 Market St

School District:Philadelphia City School District

Name	Grades	Distance
McCall Gen George A School 325 South 7th Street, Philadelphia, PA 19106	K-8	0.6 mi
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130	12-11	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 216-18 Market St

Date

Details

Price

Change

Source

8/14/2023

Sold

$2,850,000

-9.52%

MLS

4/24/2023

Listed

$3,150,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

234 Grand Ave, Camden, NJ 08105 - Photo 1

Just Listed

$180,000

234 Grand Ave Camden, NJ 08105

Townhouse
Active
Updated 1 day ago

4
Beds
2
Total Baths
1,476
Sq. Ft.

Listed by Jason Mitchell Real Estate New Jersey, LLC, Geraldine Borrell

155 Marlton Ave, Camden, NJ 08105 - Photo 1

Just Listed

$610,000

155 Marlton Ave Camden, NJ 08105

Commercial Service
Active

Listed by BHHS Fox & Roach-Marlton, Dawn Varallo

1068 Lake Shore, Camden, NJ 08104 - Photo 1

Just Listed

$244,900

1068 Lake Shore Camden, NJ 08104

Townhouse
Active
Updated 4 hours ago

3
Beds
2
Total Baths
1,160
Sq. Ft.

Listed by Keller Williams - Main Street, Patrick M Gorman

2725 Cramer St, Camden, NJ 08105 - Photo 1

Just Listed

$210,000

2725 Cramer St Camden, NJ 08105

Single Family
Active
Updated 3 days ago

4
Beds
3
Total Baths
1,770
Sq. Ft.

Listed by Long & Foster Real Estate, Inc., Diana M Mahoney

1213 Empire Ave, Camden, NJ 08103 - Photo 1

Price Reduced

-$20,000 (-10%)

$180,000

1213 Empire Ave Camden, NJ 08103

Single Family
Active
Updated 4 days ago

3
Beds
2
Total Baths
1,450
Sq. Ft.

Listed by Nancy Malone (609) 496-6509

1226 N Bergen Ave, Camden, NJ 08105 - Photo 1

Price Reduced

-$5,500 (-22%)

$19,500

1226 N Bergen Ave Camden, NJ 08105

Lots/Land
Active
Updated 4 days ago

0.05
Acres

Listed by Real of Pennsylvania, Suzanne Shaheen

1574 Mt Ephraim Ave, Camden, NJ 08104 - Photo 1

Price Reduced

-$15,000 (-3.06%)

$475,000

1574 Mt Ephraim Ave Camden, NJ 08104

Apartment
Active

Listed by Keller Williams Realty - Marlton, Michael P Carr

933 Lansdowne Ave, Camden, NJ 08104 - Photo 1

Price Reduced

-$16,000 (-6.81%)

$219,000

933 Lansdowne Ave Camden, NJ 08104

Townhouse
Active
Updated 5 hours ago

3
Beds
1
Total Bath
1,372
Sq. Ft.

Listed by Dennis J Zisa Associates, Dennis J Zisa

216-18 Market Street, Philadelphia, PA 19106 (MLS# PAPH2227518) is a Retail property that was sold at $2,850,000 on August 14, 2023. Want to learn more about 216-18 Market Street? Do you have questions about finding other Retail real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

216-18 Market St Philadelphia, PA 19106