3401 Conrad St
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3401 Conrad St
3,769 SF Vacant Light Industrial Building Philadelphia, PA 19129 £1,017,185 (£270/SF) 6.92% Net Initial Yield
Investment Highlights
- Ample retail frontage
- Each apartments has a balcony overlooking Conrad Street
Executive Summary
MSC is pleased to present 3401 Conrad Street, a prominent three-story mixed-use corner property on one of East Falls' most charming retail corridors. The property includes up to 1,575 sf of ground floor commercial and two (2) three bedroom apartments above. With rents currently under market and 1,000 SF vacant on the ground floor, there is much potential here for an investor or owner-operator to upgrade and stabilize this East Falls landmark.
3401 Conrad St. has a 1,000 sf commercial storefront currently available for lease. Projected rent for the vacant storefront is $2,500+ per month, NNN. Long-term tenant The Artist Haus, a beautifully renovated salon, leases 575 sf for $1,250 per month. The upper floors rent for $1,650 per month and $1,850 per month and each have rare balconies overlooking Conrad St and neighbors such as Rutabaga Toy Library, Vegan Vibe Cafe & Juice Bar, and Nino Brand Women's Clothing.
3401 Conrad St. has a 1,000 sf commercial storefront currently available for lease. Projected rent for the vacant storefront is $2,500+ per month, NNN. Long-term tenant The Artist Haus, a beautifully renovated salon, leases 575 sf for $1,250 per month. The upper floors rent for $1,650 per month and $1,850 per month and each have rare balconies overlooking Conrad St and neighbors such as Rutabaga Toy Library, Vegan Vibe Cafe & Juice Bar, and Nino Brand Women's Clothing.
Property Facts
| Price | £1,017,185 | Building Class | C |
| Price Per SF | £270 | Lot Size | 0.04 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 3,769 SF |
| Net Initial Yield | 6.92% | Number of Floors | 3 |
| Property Type | Light Industrial | Year Built | 1939 |
| Price | £1,017,185 |
| Price Per SF | £270 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 6.92% |
| Property Type | Light Industrial |
| Building Class | C |
| Lot Size | 0.04 AC |
| Rentable Building Area | 3,769 SF |
| Number of Floors | 3 |
| Year Built | 1939 |
Amenities
- Balcony
Utilities
- Water - City
- Sewer - City
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- The Artist Haus
- Service type
- 575 SF
- £26.60
- NNN
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| The Artist Haus | Service type | 575 SF | £26.60 | NNN | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 3,769 SF
- Light Industrial
- -
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,769 SF | Light Industrial | - | Now |
1st Floor
| Size |
| 3,769 SF |
| Space Use |
| Light Industrial |
| Condition |
| - |
| Available |
| Now |
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 871602655 | Improvements Assessment | £179,275 |
| Land Assessment | £44,819 | Total Assessment | £224,094 |
PROPERTY TAXES
Parcel Number
871602655
Land Assessment
£44,819
Improvements Assessment
£179,275
Total Assessment
£224,094
zoning
| Zoning Code | CMX-1 (Mixed Commercial Use) |
| CMX-1 (Mixed Commercial Use) |
-
Jonathan Makar -
MSC
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3401 Conrad St
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