Michelle Thompson Pyle - Coldwell Banker Hearthside
847 N 3rd St
PHILADELPHIA, PA 19123

$1,300,000

Description

This is one of the last remaining buildings for redevelopment in the heart of Northern Liberties. Surrounded on all sides by new construction single family houses, this property is ripe for multifamily development of its upper floors. This iconic building converted from the main office of Ortlieb's Brewery to the Ortlieb's Jazzhaus in 1987 and continued its homage to Northern Liberties' rich beer history. It has been operating as Ortlieb's Lounge since 2012. The Lounge is in its third year of a ten year lease with one five-year option remaining. There is a separate entrance to the upper floors and an easement on the north side of the building to allow for a second means of egress. Plans have been drawn for four residential units upstairs but the Seller has not pursued zoning.

Details

MLS#1000193076
StyleIndustrial
Sub-TypeResale
StatusActive
Year1920
Days On Site297

Features

SQ Feet6,000
Story(s)0
ZoningG2

Market Activity 19123

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19123
Area19123 (19123)
Listing VS Median (in 19123)
Price:
$1,300,000
low | high
Med:
$217,450
100% of Average
SqFt:
6,000
low | high
Med:
1,208
100% of Average
$ / SqFt:
$217
low | high
Med:
$182
65.882276646892% of Average
On Site:
297
low | high
Med:
11
100% of Average
Listing Updated: 12/17/2018
MLS Number: 1000193076
Listing Provided By:
Veronica Gintel Blum  of  Mallin Panchelli Nadel Realty Inc

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