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Listed by Josh Weiss • MSC Retail, Inc.
$ 2,900,000
Est. payment | /mo
24,400 SqFt
$ 2,900,000
Est. payment | /mo
24,400 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 24,400 sqft
Price per Sqft $118
MLS Listing ID PAPH2518952
Year Built 1900
Annual Tax Amount $49,070
Tax Year 2024
Lot Dimensions 74.00 x 173.00
Property Sub-Type Retail
Source BRIGHT
Property Description
Welcome to 1218 Arch Street, a rare opportunity to own a large ground floor commercial condominium in the heart of Philadelphia, directly across from the Convention Center and Reading Terminal. Located just a block from Market Street, Broad Street, City Hall, public transportation and parking, hotels, cultural attractions, restaurants and retail. The ground floor consists of 12,350 SF with a retail storefront and loft-style interior, including high ceilings, hardwood floors, exposed brick and columns. This fully built out space includes a large open meeting room, two conference rooms, partitioned offices, kitchenette, men's and women's restrooms, and a loading area directly accessible from Cuthbert Street. The basement area is over 12,000 SF with 12' ceilings -- an unusually large and usable block of space for storage or back-of-house operations. A small portion of this basement space is leased to AT&T and T-Mobile, generating significant revenue for the owner of this unit. Do not miss this rare opportunity to own a large ground floor commercial space in the heart of Center City, Philadelphia!
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX5
Interior
Hot Water Other
Heating Other
Cooling Central A/C
Heat Source Other
Exterior
Water Access N
Accessibility Other
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 883305700
Ownership Condominium
Special Listing Condition Standard
