Announcing the successful sale of 240-242 N. 3rd Street for $1,475,000, a prime CMX-3 mixed-use building located in the heart of historic Old City, Philadelphia. This beautiful property, positioned on the corner of North 3rd and New Street, showcases Old City’s rich architectural charm while offering modern amenities for tenants and businesses alike.
Property Highlights
240-242 N. 3rd Street stands out for its unique combination of historical character and contemporary updates. The building features:
A leased commercial space with street-level visibility.
Two newly updated and fully leased 1-bedroom apartments.
A spacious bi-level 3-4 bedroom apartment with a roof deck, ideal for short- or long-term rentals.
Each unit boasts an abundance of natural light, immaculate original hardwood floors, and striking exposed timber ceilings and beams. The bi-level apartment in particular offers tenants a perfect blend of original character and modern living comforts, making it a highly sought-after rental.
This sale represents a great success for both the seller and the new owner. We are proud to have facilitated this transaction and helped secure a great future for this historic gem in Old City.
