3401 Conrad Street
Retail | 6.50% CAP | 3,769 SqFt
Marketing description
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 two storefronts totaling 1,600 SF of ground floor commercial space and two apartments above. Undermarket rents and 1,000 SF of ground floor vacancy create a unique opportunity for an investor or owneroperator to upgrade and stabilize this East Falls landmark.
Long-term tenant The ArtistHaus Salon leases 600 SF for $1,250 per month, NNN. Projected rent for a vacant 1,000 sf storefront is $2,000 per month, NNN. Two (2) 3BR apartments on the upper floors rent for $1,650 per month and $1,850 per month. Both units have balconies overlooking Conrad Street and neighbors such as Vegan Vibes and Rutabaga Toy Library.
Investment highlights
- Prominent three-story mixed-use corner property on one of East Falls’ most charming retail corridors.
- Two retail storefronts totaling 1,600 SF
- Two 3BR apartments above.
- Undermarket rents, deferred maintenance, and ground floor vacancy align to create a unique opportunity for an investor or owner operator to stabilize and enjoy this East Falls landmark.
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