115-19 Cuthbert Street , B

    PHILADELPHIA, PA 19106
    • $565,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: PAPH791498
    UPDATED: 10 min ago
    $565,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,312
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Condo
    Built:
    1900
    County:

    School Ratings & Info

    Description

    The History MPN Realty is pleased to exclusively present for sale a 2,312 SF bi-level office condominium in Philadelphia~s Historic Old City, designed by David Beck. The property is located on the corner of Mascher and Cuthbert Streets, which are two of the area~s cherished landmark blue-glazed, Belgian cobblestone streets. 115-119 Cuthbert Street (AKA 53 Mascher Street) was originally the Marquetand Candy Company manufacturing facility. This historic factory building was completely redeveloped in 1982 into luxury loft apartments and renamed ~The Chocolate Factory~ (This is not to be confused with The Chocolate Works also in Old City). The high-end renovation included stunning features, massive oak beams, maple hardwood floors and exposed brick with large factory-sized windows. The Property ~Unit B~, the subject of this offering, is the only commercial unit in the building and is currently being used as a professional office space. The unit~s permitted use is commercial, but residential could also be permitted. Compatible uses would include an office for an accountant, dentist, lawyer, architect, tech firm or marketing firm as a few examples. There is a reception area or informal meeting area at the front entrance. Also on the main floor are a large interior office, two other private offices, a full bathroom (including tub and shower), a storage room, and an exit to the rear. The lower level is welcomed with a dramatic two-story atrium space, which is carved out of the first level and allows for the large windows on Cuthbert Street to flood light into the space. There is an open office area/meeting area in the atrium, a large private office, a kitchen, dining or conference area, a second full bath and additional storage in the HVAC room. Since this is a condominium property, there is a monthly condo fee of $752.14 which includes trash removal, snow removal, common area maintenance, window cleaning, insurance, and capital reserves. The 2019 real estate taxes were recently appealed and lowered to $6,472.The unit has 50 feet of frontage with large windows along Cuthbert Street. Across the street are historic two-story houses, much like houses one might find in Society Hill. It~s located between Front Street and 2nd Street, one block from the Market Street Old City Commercial Corridor and one block from the Market-Frankford subway entrance. The Tenant: 914 Pictures (Film Company) Current lease expires in one year (March 2020). Tenant pays all utilities except condo fee and taxes. Rent is $45,600 (monthly $3,800).

    Monthly Payment Calculator

    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-06-18T21:55:22.563.
    www.marylandrealestatesearch.com/homes/94168508

    115-19 Cuthbert Street , B PHILADELPHIA, PA 19106

    • Price: $565,000
    • Status: Active
    • Updated: 10 min ago
    • ID#: PAPH791498
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,312
    SQFT
    $244
    $/SQFT
    1900
    Built
    Neighborhood:
    19106 (19106)
    County:
    Philadelphia
    Area:
    19106 (19106)
    School District:
    The School District Of Philadelphia
    Property Description
    The History MPN Realty is pleased to exclusively present for sale a 2,312 SF bi-level office condominium in Philadelphia~s Historic Old City, designed by David Beck. The property is located on the corner of Mascher and Cuthbert Streets, which are two of the area~s cherished landmark blue-glazed, Belgian cobblestone streets. 115-119 Cuthbert Street (AKA 53 Mascher Street) was originally the Marquetand Candy Company manufacturing facility. This historic factory building was completely redeveloped in 1982 into luxury loft apartments and renamed ~The Chocolate Factory~ (This is not to be confused with The Chocolate Works also in Old City). The high-end renovation included stunning features, massive oak beams, maple hardwood floors and exposed brick with large factory-sized windows. The Property ~Unit B~, the subject of this offering, is the only commercial unit in the building and is currently being used as a professional office space. The unit~s permitted use is commercial, but residential could also be permitted. Compatible uses would include an office for an accountant, dentist, lawyer, architect, tech firm or marketing firm as a few examples. There is a reception area or informal meeting area at the front entrance. Also on the main floor are a large interior office, two other private offices, a full bathroom (including tub and shower), a storage room, and an exit to the rear. The lower level is welcomed with a dramatic two-story atrium space, which is carved out of the first level and allows for the large windows on Cuthbert Street to flood light into the space. There is an open office area/meeting area in the atrium, a large private office, a kitchen, dining or conference area, a second full bath and additional storage in the HVAC room. Since this is a condominium property, there is a monthly condo fee of $752.14 which includes trash removal, snow removal, common area maintenance, window cleaning, insurance, and capital reserves. The 2019 real estate taxes were recently appealed and lowered to $6,472.The unit has 50 feet of frontage with large windows along Cuthbert Street. Across the street are historic two-story houses, much like houses one might find in Society Hill. It~s located between Front Street and 2nd Street, one block from the Market Street Old City Commercial Corridor and one block from the Market-Frankford subway entrance. The Tenant: 914 Pictures (Film Company) Current lease expires in one year (March 2020). Tenant pays all utilities except condo fee and taxes. Rent is $45,600 (monthly $3,800).
    Exterior Features

    Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2312 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 2312.00 Cooling Other Fireplaces Total 0 Heating Other Heating YN Yes Net Square Feet 2312.00

    Property Features

    Accessibility Features Other Assessment Year 2019 Association YN No Business Type Other Central Air YN No Cooling Fuel Other Heating Fuel Other Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 301675394332 Ownership Interest Condominium Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Other Tax Annual Amount 8495.0 Tax Assessment Amount 606900.0 Tax Lot 572 Vacation Rental YN No Water Source Other Year Built Effective 1982 Zoning Cmx3

    Listing courtesy of Mallin Panchelli Nadel Realty, Inc.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-06-18T21:55:22.563.
     
    Tessier Real Estate
    2225 Old Emmorton Rd Suite 207
    Bel Air MD, 21015