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Multi-Tenant Opportunity 141 League St 10,200 SF 100% Leased Retail Building Philadelphia, PA 19147 $1,650,000 ($161.76/SF)
Investment Highlights
- Proximity to Major Retail & Lifestyle Amenities
- Stable Service-Based Tenancy
- Excellent Accessibility
Executive Summary
They don’t make buildings like 141 League Street anymore. Set on a quiet Queen Village side street one block off Front Street, this circa-1900 masonry landmark rises three stories behind a dramatic pedimented facade — oversized industrial windows, private roof deck, and a full passenger elevator, a combination nearly impossible to find in one of Philadelphia’s most desirable historic neighborhoods. The 10,206 SF building is 100% leased to two long-standing tenants (creative publisher, floors 1–2; established salon, floor 3) producing $112,403 in scheduled income — an approx. 6.8% in-place yield on a net-effective basis, rising by contract in 2027. The upside is defined: both leases expire 1/31/2028 with in-place rents around $13/SF vs. estimated market rents of $20–$24/SF, giving the next owner a clear path to materially higher income — re-lease at market, renew, or occupy 5,800 SF (57%) as an owner-user with SBA financing and rental income offsetting carry. Median household income of $97,514 within one mile, 395,000+ residents within three, pedestrian rating 100, and I-95 a tenth of a mile away. A fully leased income property today, a mark- to-market event in 18 months, and a trophy Queen Village asset forever. Offered at $1,650,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,200 SF
Building Class
C
Year Built/Renovated
1900/2015
Price
$1,650,000
Price Per SF
$161.76
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.93
Lot Size
0.08 AC
Zoning
RSA-5
Frontage
62’ on League St
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 883567500 | Improvements Assessment | $986,400 |
| Land Assessment | $246,600 | Total Assessment | $1,233,000 |
Property Taxes
Parcel Number
883567500
Land Assessment
$246,600
Improvements Assessment
$986,400
Total Assessment
$1,233,000
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