4021 & 4023-25 Market St & 4024-26 Filbert St

Discover the vibrant neighborhood surrounding this prime Philadelphia location. Situated in the University City district, the area is a hub of innovation and growth, home to prestigious educational institutions such as the University of Pennsylvania and Drexel University. Nearby, the Schuylkill River offers a scenic retreat, while the eclectic restaurants and trendy shops of Baltimore Avenue and Walnut Street bring energy and charm to the neighborhood. With easy access to public transportation and major highways, the location provides convenience for professionals. This dynamic area presents an unparalleled opportunity for office investors to be part of an evolving and thriving community.MPN Realty is proud to present for sale 4021 & 4023-25 Market Street, and 4024-26 Filbert Street in the heart of the University City neighborhood of Philadelphia. The property consists of three parcels, all with two-story buildings plus basements, which are interconnected by various stairwells and doorway openings throughout each building. The Market Street parcels contain 60 feet of frontage and stretch from Market Street to Filbert Street, with garage access in the rear. The Filbert Street property runs about half the length of the block towards Market Street. The property is currently being leased by a Furniture store on a month-to-month basis with 30 day notice to vacate. Zoning for the properties is CMX-4, which allows for development such as Multi-Family, Adult & Child Care, Community Centers, Government Administration, Business and Professional Offices, Retail and Restaurant Uses, and Research & Development businesses. The properties are also located in a Qualified Opportunity Zone, which provides an immediate benefit to investors of deferring payment of capital gains tax that would be paid until 2026. More information is located on pages 10 and 11. The SEPTA Market-Frankford subway line runs along Market Street with a station located at 40th Street, just half a block away from the subject properties. It is the busiest SEPTA route, averaging 170,000 boardings per day. The subway runs east and west from the 69th Street Transportation Center through Center City, and then north and south from N. Front Street in Old City to the Frankford Transit Center in North Philadelphia.