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115 N 9th St - The Pearl Condominiums, Unit 115 872 SF Retail Condo Unit Offered at $489,000 in Philadelphia, PA 19107
Investment Highlights
- Prime Chinatown Location with excellent visibility and high pedestrian traffic
- Hugh pool of university students surrounding and directly connected to the area by excellent public transportation
- Close to world-class historic, cultural, art and medical destinations
- Located in a major tourist destination, surrounded by a robust retail and restaurant presence
- Turnkey Investment opportunity with minimal management requirements
- Excellent potential for long term appreciation
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 888112762 |
| Cap Rate | 5.69% |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.69% |
| APN/Parcel ID | 888112762 |
Sale Notes
Rare opportunity to acquire a commercial property in the heart of Chinatown, one of the most vibrant and heavily visited business districts in the city. The property is occupied by Hey Yogurt Philadelphia, a well-established Japanese yogurt and dessert franchise, providing investors with immediate rental income and long-term tenancy stability. The current tenant has built a loyal customer base and benefits from consistent foot traffic generated by the thriving commercial and tourist activities in the area. This is an ideal opportunity for investors seeking a well-located, income-producing commercial asset in a highly desirable urban market, or owner operators. The Yes-to-Opportunity Zone icon is auto-generated by the system, so please verify and make your own determination. Serious inquiries only. Showings by appointment. For additional information, lease details and financials, please contact us for a confidential discussion.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 115 | 872 SF | Retail | $489,000 ($560.78/SF) | $27,824.10 |
Unit 115
| Unit Size |
| 872 SF |
| Condo Use |
| Retail |
| Price |
| $489,000 ($560.78/SF) |
| NOI |
| $27,824.10 |
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Unit 115
| Unit Size | 872 SF |
| Condo Use | Retail |
| Price | $489,000 ($560.78/SF) |
| NOI | $27,824.10 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.69% |
| APN/Parcel ID | 888112762 |
| Sale Notes | |
| Rare opportunity to acquire a commercial property in the heart of Chinatown, one of the most vibrant and heavily visited business districts in the city. The property is occupied by Hey Yogurt Philadelphia, a well-established Japanese yogurt and dessert franchise, providing investors with immediate rental income and long-term tenancy stability. The current tenant has built a loyal customer base and benefits from consistent foot traffic generated by the thriving commercial and tourist activities in the area. This is an ideal opportunity for investors seeking a well-located, income-producing commercial asset in a highly desirable urban market, or owner operators. The Yes-to-Opportunity Zone icon is auto-generated by the system, so please verify and make your own determination. Serious inquiries only. Showings by appointment. For additional information, lease details and financials, please contact us for a confidential discussion.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 110,298 SF | Typical Floor Size | 18,383 SF |
| Property Type | Multifamily (Condo) | Year Built | 2006 |
| Property Subtype | Apartment | Lot Size | 1.52 AC |
| Building Class | B | Parking Ratio | 1.72/1,000 SF |
| Floors | 6 | Opportunity Zone |
Yes
|
| Zoning | C4 - Commercial | ||
| Total Building Size | 110,298 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 18,383 SF |
| Year Built | 2006 |
| Lot Size | 1.52 AC |
| Parking Ratio | 1.72/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C4 - Commercial |
Amenities
Site Amenities
- 24 Hour Access
- Property Manager on Site
- Storage Space
- Car Charging Station
- Elevator
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 12 | - | - |
| 2+2 | 12 | - | - |
Very walkable
80/100
Fairly drivable
40/100
Exceptional public transit
100/100
Fairly bikeable
50/100
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Street
Map
Contact the Sale Advisor
115 N 9th St - The Pearl Condominiums, Unit 115