Listed by Metro Commercial Real Estate, Inc. Philadelphia
Unpriced
Ritz-Carlton Commercial Condominiums
Details
Property Type Business for Sale, Mixed Use
Sub Type Business and Building
Square Footage 6,850
Net Rentable (SqFt) 6,850
Lease Type NNN
Buildings 1
Zoning CMX-5
Sale Condition For sale by owner
Business for Sale | ±6,850 SF (Ground Floor: 2,487 SF, Third Floor: 4,363 SF)
Marketing description
Fully-leased commercial condominiums; GLA: ±6,850 SF (Ground Floor: 2,487 SF, Third Floor: 4,363 SF)
Investment highlights
- Flagship retail opportunity opposite City Hall at the epicenter of Center City
- Located within the luxury Ritz-Carlton Residences and connected to a 299-room Ritz-Carlton Hotel, enhancing prestige and foot traffic
- 100% leased with NNN income in place
- Diverse tenant mix including La Colombe, Palm Vintage Café, and additional retail plus 100+ storage units
- Strong in-place income with projected NOI of ~$340K and 7.5-year weighted average lease term
Listing Contacts
Listed by Metro Commercial Real Estate, Inc. Philadelphia
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