N3RD Street Commercial Condo Sale/Lease Opportunity

Home , N3RD Street

AVAILABLE SALE/LEASE

20-22 N. 3 Street A

VAILABLE The Daniel Building • Four industrial loft commercial condominiums which can be sold individually or combined.

• Unique opportunity to own a high-end

commercial condo from 2,200-12,400 SF

FOR • Elevator served building

• Ideal for retail, office or live/work space

ALE • Soaring 12’ concrete ceilings, polished concrete floors, oversized

industrial/factory windows and granite

OR kitchens

• Located in the heart of Old City –

L America’s Most Historic Square Mile.

EASE Situated immediately north of Market Street and just steps from countless restaurants, cafes, bars, shops, galleries, entertainment and historic attractions.

• Asking Price: $650,000 - $3,300,000 For Additional Information Contact:

The Flynn Company (215) 561-6565 Michael Gallagher | [email protected] Brendan Flynn | [email protected] All information furnished regarding the property for sale or lease is from sources deemed reliable, but no warranty or representation is made as the accuracy thereof, and same is subject to errors, omissions, change of price, rental, prior sale, lease, financing, withdraw without notice www.flynnco.com or other condition. 20-22 N. 3rd Street - Aerial Map

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17 1 3 2 19 4 5 6 20 18 7 9 8 10

1 – Shirt Corner Apartments/CVS 8 – 2ND Bank of the United States 15 – Elfreth’s Alley 2 – Franklin Court 9 – National Liberty Museum 16 – Starbucks 3 – National Museum of American Jewish History 10 – Museum of the American Revolution 17 – Christ’s Church 4 – Liberty Bell 11 – National Constitution Center 18 – Penn’s Landing 5 – Hotel Monaco 12 – United States Mint 19 – I-95 Access 6 – Omni Hotel 13 – Wyndam Hotel 20 – 2nd Street bars and restaurants 7 – Independence Hall 14 – Betsy Ross House

20-22 N. 3rd Street - Aerial Bird’s Eye View

M A R K E T

S T R N3RD STREET E E T 20-22 N. 3rd Street – Condo Breakdown

Unit Number SF Total SF Sale Price Lease Price Comments

Street level unit with 12' concrete exposed ceilings, Street Level - Approximately 2,200 SF polished concrete floors. Suitable for retail, design, 101 Approximately 4,000 SF $1,000,000 $20.00 per SF NNN Lower Level - Approximately 1,800 SF office, studio, tech space. Clean/useable lower level has 10' ceilings and elevator access.

Street level unit with 12' concrete exposed ceilings, Street Level - Approximately 2,200 SF polished concrete floors. Suitable for retail, design, 102 Approximately 4,000 SF $1,000,000 $20.00 per SF NNN Lower Level - Approximately 1,800 SF office, studio, tech space. Clean/useable lower level has 10' ceilings and elevator access.

Full ground floor opportunity. 12' concrete exposed Street Level - Approximately 4,400 SF ceilings, polished concrete floors and industrial/factory 101 and 102 Approximately 8,000 SF $2,000,000 $20.00 per SF NNN Lower Level - Approximately 3,600 SF windows. 2 bathrooms, granite kitchen and stainless steel appliances.

2nd floor, elevator-served unit. 12' concrete exposed ceilings, glass conference room, polished concrete 201 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 $20.00 per SF NNN floors and industrial/factory windows. 2 bathrooms, granite kitchen and stainless steel appliances. Suitable for live/work space.

2nd floor, elevator-served unit. 12' concrete exposed ceilings, glass conference room, polished concrete 202 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000 $20.00 per SF NNN floors and industrial/factory windows. 2 bathrooms, granite kitchen and stainless steel appliances. Suitable for live/work space.

Full 2nd floor opportunity with elevator access. 12' concrete exposed ceilings, polished concrete floors 201 and 202 2nd floor - Approximately 4,400 SF Approximately 4,400 SF $1,300,000 $20.00 per SF NNN and industrial/factory windows. 2 bathrooms, granite kitchen and stainless steel appliances. Suitable for live/work space.

Opportunity for two full floor condo units with interconnecting architectural staircase. 12' concrete Lower Level - Approximately 3,600 SF Approximately 12,400 SF exposed ceilings, polished concrete floors and 101, 102, 201, 202 Street Level - Approximately 4,400 SF $3,300,000 $20.00 per SF NNN (34% of the entire building) industrial/factory windows. 4 bathrooms, granite 2nd Floor - Approximately 4,400 SF kitchen and stainless steel appliances. Suitable for retail, studio, tech office or live/work space. 20-22 N. 3rd Street – Exterior Property Photo

3rd Street View Rear View (note large industrial windows) 20-22 N. 3rd Street – Property Photo 20-22 N. 3rd Street – Property Photo 20-22 N. 3rd Street – Property Photo 20-22 N. 3rd Street – Property Photo 20-22 N. 3rd Street – Property Photo 20-22 N. 3rd Street – Floor Plans

Units can be demised down the center column line or delivered as a contiguous open floor. Units can also include architectural interconnecting stair or be delivered with stair removed. Layouts are flexible. 20-22 N. 3rd Street – Zoning Map

CMX-3 zoning allows for commercial use as well as residential use. Office, residential and a combination live/work are permitted uses. 20-22 N. 3rd Street – Old City Philadelphia

Located next to Independence Mall, where the country’s Founding Fathers declared liberty and built a free nation, Old City still boasts charming cobblestone streets and plenty of 18th-century charm — along with an independent streak that’s evident in everything from its owner-operated shops to its edgy art scene.

Its proximity to the Liberty Bell, Penn’s Landing and the Benjamin Franklin Bridge makes Old City, which runs from Vine Street to Walnut Street north to south and from 7th Street to the Delaware River east to west, a favorite for tourists as much as for the residents who call it home. People love the neighborhood for its fashionable boutiques, great restaurants, eclectic galleries and theaters and vibrant nightlife. Especially popular are First Fridays, when art lovers fill the streets and hop from gallery to gallery.

The birthplace of the nation, the historic heart of Philadelphia resides along Independence Mall. Home to Independence Hall and The Liberty Bell Center, the Mall also boasts a number of cultural institutions including the National Museum of Jewish American History, the National Constitution Center and the Philadelphia History Museum.

20-22 N. 3rd Street – Old City Tax Incentive

Pa. stretches tax breaks for Old City tech

March 23, 2016 by Joseph N. DiStefano

Software and life-science start-up companies in Old City can now qualify for a state Income tax break – even if they’re not making money yet – without moving to the University neighborhoods where the program was previously established.

Mayor Kenney, an Old City resident, joined Arcweb Technologies founder Chris Cera and other N. 3rd St. – area firm owners at Cera’s Market St. office to mark the expansion of The University City Keystone Innovation Zone to include blocks between Walnut St. and The Ben Franklin Bridge west to 5th St. Unprofitable start-ups, with no income taxes to Reduce, can sell the tax credits to investors, typically for up to 90 cents on the dollar, said Kristen Fitch, a Science Center employee who directs the Zone.

The Zone had already spread beyond U.C. to embrace much of Center City and a corner of South Philly. The program gives tax credits of up to $100,000 a year to qualified firms less than 8 years old in neighborhoods adjoining the Penn, Drexel and PCS campuses, the Former DuPont Co. paint plant and Grays Ferry that now houses Penn Engineering’s Business incubator, and a wide strip of Center City including the Thomas Jefferson University campus and the neighborhoods around City Hall and Rittenhouse Square.

Cera, whose design firm employs 35, said he welcomed the Zone as a way to help reduce the number of firm leaving Old City as they grow. He named SevOne, PerPay and Lamps.com among tech firms that might have taken more space in the old brick neighborhood, instead of moving west, if they’d enjoyed more public financial encouragement. He expressed confidence Old City will develop over the next decade into Philadelphia’s technology center, reversing a long history of firms moving from college Campuses to the U.S. 202 suburban corridor.

The Zone has spread $8 million in tax credits to 48 Philadelphia companies in the past ten years, including $1.8 million to 21 companies last year, Science Center boss Dr. Steve Tang said. Firms including biosensor maker Graphene Frontiers and autism-guidance system developer Guiding Technologies Inc. said in a statement that they have used cash from credits to hire new software professionals.

The program is administered by the Pennsylvania Department of Community and Economic Development, which lists tax credit recipients on Its Web site. 20-22 N. 3rd Street – Potential for 9 Condo (23,400 SF) Package Deal

Unit Number SF Total SF Sale Price Street Level - Approximately 2,200 SF 101 Approximately 4,000 SF $1,000,000 Lower Level - Approximately 1,800 SF Street Level - Approximately 2,200 SF 102 Approximately 4,000 SF $1,000,000 Lower Level - Approximately 1,800 SF 201 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000

202 2nd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000

302 3rd floor - Approximately 2,200 SF Approximately 2,200 SF $650,000

402 4th floor - Approximately 2,200 SF Approximately 2,200 SF $650,000

502 5th floor - Approximately 2,200 SF Approximately 2,200 SF $650,000

Penthouse - Approximately 2,200 SF; w/ 701 Approximately 2,200 SF $850,000 roof rights Penthouse - Approximately 2,200 SF; w/ 702 Approximately 2,200 SF $850,000 roof rights

9 total condo units (out of a 23,400 total SF $7,000,000 total of 14 in building) (64% of the building)

In addition to units 101, 102, 201 and 202, the Seller also owns units 302, 402, 502, 701 and 702 and has the ability to sell all nine (9) condos for a package price of $7,000,000. 20-22 N. 3rd Street – Property Details

Construction Details

Foundation Masonry Lower Level 10’ ceilings and elevator access. Useable/clean space w/ 2 large industrial windows Structural Frame Reinforced concrete Exterior Walls Brick Windows Extra large industrial/factory windows; most are double pane insulated glass Roof Built-up roof w/ recent silver coating over fiberglass Interior Finishes

Floors Polished concrete floors Walls Concrete/brick Ceilings 12’ foot exposed concrete ceilings Lighting Fluorescent HVAC Each unit has gas or electric hot air heat and electric A/C; each unit separately metered Electrical Minimum 150 amp service Plumbing Iron, copper and PVC conforming to code Hot Water Electric Elevators 2 passenger; 1 can be used for freight Rest Rooms Ground floor – 1 per unit. Upper floors – 2 full per unit Sprinklers New sprinkler and risers conforming to code Other Fire Safety Hard-wired smoke detection system Security Unused security system in-place. Front door locked at all times; visitor buzzer system in lobby 20-22 N. 3rd Street – Contact Information & Offer Instructions

For Further Information All Purchase Offers Shall Include: Please Contact: • Purchase Price The Flynn Company 1621 Wood Street • Timing for inspection period and closing date Philadelphia, PA 19103 (215) 561-6565 • Amount of Deposit Money, including the amount that www.flynnco.com is non-refundable

Michael Gallagher | x151 • Source of funds for the acquisition [email protected] • Financial strength of purchaser Brendan Flynn | x152 [email protected] • Summary of closed transactions and references

Seller, with it’s sole and absolute discretion, reserves the right to remove the Property from the market. Seller expressly reserves the right, in its sole and absolute discretion, to reject any and all proposals or expressions of interest in the Property, to terminate discussions with any party at any time.

All information furnished regarding property for sale or lease is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof, and same is subject to errors, omissions, change of price, rental, prior sale, lease, financing withdrawal without notice or other conditions.