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$825,000

  • For Sale
  • Active
  • Commercial
See This Home
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See This Home
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Purchase a fully operational turnkey commercial + residential building in the heart of Queens Village one block from South Street. Property has received approved zoning to expand to a total of 3 residential + commercial units. Currently occupied by a longtime neighborhood establishment, the coffee shop owners are currently on a month-to-month lease. Both commercial and residential units can be delivered vacant with the possibility to negotiate new lease terms with the current tenants. Along with its exceptional development opportunity, this already cash flowing project sits within the highly coveted Meredith School Catchment and includes a rear parking lot on Orianna St to accommodate up to 3 vehicles. Book your showing today!

Full Property Details for 616 S 3rd St

General

  • Price: $825,000
  • Taxes: $5,026 (2025)
  • Status: Active
  • Type: Commercial
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2576982
  • Updated: 2/12/2026
  • Added to Site: 19 day(s) ago

Business

  • Business Type: Other

Rooms

Bathrooms

  • Restrooms: 1

Parking

  • Total Spaces: 3
  • Parking Features: Private, Paved Parking, Fenced
  • Parking Type: Parking Lot

Location

  • Area: 19147 (19147)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: QUEEN VILLAGE
  • Driving Directions: use GPS

Heating & Cooling

  • Cooling Type: Zoned
  • Cooling Fuel: Electric
  • Heating Type: Radiant
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • Basement: Yes
  • Ceiling Height: 12' to 15'
  • Building Size: 1650
  • Year Built: 1900
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

  • Lot Size (Acres): 0.05
  • Lot Size (Sq. Ft.): 2,178
  • Lot Size Source: Estimated
  • Zoning: CMX2

Financial Considerations

  • Price Per Sq. Ft.: $500
  • School Tax: $2,814
  • County Tax Freq: Annually
  • Tax w/Assessment: $359,100
  • Tax Amount: $5,026
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 63

Listed by Giraldo Real Estate Group, Jan Lawrence Watson

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Listing agent

— 616 S 3rd St —

  • Jan Lawrence Watson

    Giraldo Real Estate Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 616 S 3rd St

School District:Philadelphia City School District
NameGradesDistance
Meredith William M School
725 South 5th Street, Philadelphia, PA 19147
K-80.2 mi
Furness Horace High School
1900 South 3rd Street, Philadelphia, PA 19148
9-121.2 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 616 S 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/12/2026
Listed
$825,000
13.01%
MLS
6/13/2022
Sold
$730,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 616 S 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,027
—
$359,100
—
2024
$5,027
14%
$359,100
100%
2021
$4,426
-20%
-100%
2023
$5,554
25%
$396,800
25%
2020
$4,426
1%
$316,200
1%
2019
$4,383
-9%
$313,100
-10%
2018
$4,843
8%
$346,000
8%
2017
$4,479
—
$320,000
—
2016
$4,479
4%
$320,000
—
2015
$4,288
—
$320,000
—
2014
$4,288
17%
$320,000
755%
2013
$3,658
—
$37,440
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 616 S 3rd St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Giraldo Real Estate Group, Jan Lawrence Watson

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616 S 3rd Street, Philadelphia, PA 19147 (MLS# PAPH2576982) is a Commercial property. 616 S 3rd Street is currently listed for $825,000 and was received on February 12, 2026. Want to learn more about 616 S 3rd Street? Do you have questions about finding other Commercial real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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