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115 N 9th St - NEW: Turnkey 2nd Gen Retail/Office 872 SF Office/Retail Condo Unit Offered at $489,000 in Philadelphia, PA 19107



Investment Highlights
- PRIME CHINATOWN LOCATION: High-visibility spot in a major tourist hub with heavy foot traffic, with vibrant commercial surroundings.
- MASSIVE STUDENT DEMOGRAPHIC: Directly connected to a large university population via excellent transit
- STRONG POPULATION GROWTH: Downtown residential population has climbed to over 210k, with a massive 40% demographic of youth between age 22-34
- TURNKEY RETAIL/OFFICE LAYOUT: Versatile, wide-open layout with multiple sinks, deep cabinetry, and extensive counter space in background
- HISTORIC & CULTURAL PROXIMITY: Minutes away from top-tier art, medical and historic institutions
- 1031 EXCHANGE ELIGIBLE: Clear history as an active investment property ensures a seamless transition for exchange buyers
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | APN/Parcel ID | 888112762 |
| Sale Conditions | 1031 Exchange |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 888112762 |
Description
Take advantage of Philly’s booming Chinatown market with this contemporary street-level commercial condo. Located in Center City—the country’s second-densest downtown corridor behind only Manhattan—this Philadelphia property commands exceptional, built-in daily foot traffic.
Built in 2007 and featuring the favorable CMX-4 zoning, this space is currently occupied by a well-established and highly-rated yogurt and dessert franchise Hey Yogurt. But soon the property will be ready for a new business owner. It is ideal for a non-vented food & beverage concept, boutique retail, med-spa or professional office. This rare asset offers incredible commercial fundamentals and excellent potential for long-term appreciation. With high visibility and just a short walk away from several transit stations, this property provides an ideal, low-overhead opportunity for an independent business owner or a savvy investor seeking a low-maintenance asset.
TURNKEY PLATFORM – BYPASS CONTRACTOR & PERMIT DELAYS
Unlike empty shell spaces, this property comes fully plumbed and custom-fit with countertops, extensive cabinetry, and multiple active wet-bar/hand-washing stations, while still leaving the majority of the space open for use. A new owner or tenant can completely bypass expensive contractor fees, concrete floor cutting and city plumbing and zoning permit wait times—saving massive amounts of money and time.
1031 ELIGIBILITY, FINANCING & DELIVERY
This property features a clean, continuous history of being leased over the years, firmly establishing its 1031-exchange eligibility under IRS rules. To maximize flexibility for the next owner, the property is being delivered 100% vacant at closing. And it is perfectly positioned for SBA 504 or 7(a) financing, allowing qualified owner-users to secure commercial real estate ownership with as little as 10% down.
The Opportunity Zone designation is automated and should be verified by the buyer. The $418 monthly HOA fee covers common area maintenance, building shell and original configuration insurance, and baseline water use. The annual property tax, Center City Fee, and trash fee total is $3,908.
Showings are available by appointment to serious inquiries only. For access to other property details, please contact listing agent to schedule a confidential discussion.
Built in 2007 and featuring the favorable CMX-4 zoning, this space is currently occupied by a well-established and highly-rated yogurt and dessert franchise Hey Yogurt. But soon the property will be ready for a new business owner. It is ideal for a non-vented food & beverage concept, boutique retail, med-spa or professional office. This rare asset offers incredible commercial fundamentals and excellent potential for long-term appreciation. With high visibility and just a short walk away from several transit stations, this property provides an ideal, low-overhead opportunity for an independent business owner or a savvy investor seeking a low-maintenance asset.
TURNKEY PLATFORM – BYPASS CONTRACTOR & PERMIT DELAYS
Unlike empty shell spaces, this property comes fully plumbed and custom-fit with countertops, extensive cabinetry, and multiple active wet-bar/hand-washing stations, while still leaving the majority of the space open for use. A new owner or tenant can completely bypass expensive contractor fees, concrete floor cutting and city plumbing and zoning permit wait times—saving massive amounts of money and time.
1031 ELIGIBILITY, FINANCING & DELIVERY
This property features a clean, continuous history of being leased over the years, firmly establishing its 1031-exchange eligibility under IRS rules. To maximize flexibility for the next owner, the property is being delivered 100% vacant at closing. And it is perfectly positioned for SBA 504 or 7(a) financing, allowing qualified owner-users to secure commercial real estate ownership with as little as 10% down.
The Opportunity Zone designation is automated and should be verified by the buyer. The $418 monthly HOA fee covers common area maintenance, building shell and original configuration insurance, and baseline water use. The annual property tax, Center City Fee, and trash fee total is $3,908.
Showings are available by appointment to serious inquiries only. For access to other property details, please contact listing agent to schedule a confidential discussion.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 115 | 872 SF | Office/Retail | $489,000 ($560.78/SF) | - |
Unit 115
| Unit Size |
| 872 SF |
| Condo Use |
| Office/Retail |
| Price |
| $489,000 ($560.78/SF) |
| NOI |
| - |
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Unit 115
| Unit Size | 872 SF |
| Condo Use | Office/Retail |
| Price | $489,000 ($560.78/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 888112762 |
| Description | |
| Take advantage of Philly’s booming Chinatown market with this contemporary street-level commercial condo. Located in Center City—the country’s second-densest downtown corridor behind only Manhattan—this Philadelphia property commands exceptional, built-in daily foot traffic.<br> <br> Built in 2007 and featuring the favorable CMX-4 zoning, this space is currently occupied by a well-established and highly-rated yogurt and dessert franchise Hey Yogurt. But soon the property will be ready for a new business owner. It is ideal for a non-vented food & beverage concept, boutique retail, med-spa or professional office. This rare asset offers incredible commercial fundamentals and excellent potential for long-term appreciation. With high visibility and just a short walk away from several transit stations, this property provides an ideal, low-overhead opportunity for an independent business owner or a savvy investor seeking a low-maintenance asset.<br> <br> TURNKEY PLATFORM – BYPASS CONTRACTOR & PERMIT DELAYS<br> <br> Unlike empty shell spaces, this property comes fully plumbed and custom-fit with countertops, extensive cabinetry, and multiple active wet-bar/hand-washing stations, while still leaving the majority of the space open for use. A new owner or tenant can completely bypass expensive contractor fees, concrete floor cutting and city plumbing and zoning permit wait times—saving massive amounts of money and time.<br> <br> 1031 ELIGIBILITY, FINANCING & DELIVERY<br> <br> This property features a clean, continuous history of being leased over the years, firmly establishing its 1031-exchange eligibility under IRS rules. To maximize flexibility for the next owner, the property is being delivered 100% vacant at closing. And it is perfectly positioned for SBA 504 or 7(a) financing, allowing qualified owner-users to secure commercial real estate ownership with as little as 10% down.<br> <br> The Opportunity Zone designation is automated and should be verified by the buyer. The $418 monthly HOA fee covers common area maintenance, building shell and original configuration insurance, and baseline water use. The annual property tax, Center City Fee, and trash fee total is $3,908.<br> <br> Showings are available by appointment to serious inquiries only. For access to other property details, please contact listing agent to schedule 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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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Panphil Realty
115 N 9th St - NEW: Turnkey 2nd Gen Retail/Office
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