253 N 3rd Street

Philadelphia, PA 19106

Searching for an opportunity to own a rare historic mixed-use building in the heart of Old City, within a short walk to Independence Square, Elfreth's Alley, and the iconic shops, art galleries and restaurants of Old City?This unique mixed-used historically-certified building has been in the owner's family for decades. The family has finally decided to pass the baton to a new owner who loves the neighborhood and will cherish this building as much as they have.Own a piece of American architectural history and enjoy endless historic character and finishes, including open-concept loft-style designs, soaring ceilings, original hardwood floors, original millwork and ceiling finishes, contemporary exposed ductwork, massive double-hung windows, and an original exposed elevator wheel tastefully incorporated into the overall interior design.This unique building has been fully-occupied until a few weeks ago when the 3rd floor tenant vacated due to health issues after 23 years. The owners have not marketed the unit for rent because they decided to sell and wanted to give the new owner maximum options. At current asking price, this lucrative property offers an annual return on investment (cap rate) of 5.5% (factoring in the previous rent from the vacated 3rd floor unit).Please note that the listing agent is a partial owner.