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1515 Mckean St 1,878 SF 100% Leased Retail Building Philadelphia, PA 19145 $595,000 ($316.83/SF) 6.70% Cap Rate
Investment Highlights
- Corner location at McKean Street and South Hicks Street provides visibility from two streets and multiple points of access.
- Approximately 2.5 blocks from Snyder Station on SEPTA’s Broad Street Line, providing direct transit access to Center City Philadelphia and NRG Station
- Convenient access to Interstate 76 and Interstate 95, connecting the property to Center City, University City
- Situated in Philadelphia’s South Philadelphia neighborhood, surrounded by a dense residential population and established local businesses.
- Minutes from the South Philadelphia Sports Complex, home to Lincoln Financial Field, Citizens Bank Park, and the Wells Fargo Center.
- Located near the East Passyunk Avenue commercial corridor, one of Philadelphia’s most recognized retail, dining, and neighborhood business districts.
Executive Summary
MPN Realty, Inc. is proud to present the exclusive sale of 1515 McKean Street, a 1,878 SF mixed-use property located in South Philadelphia. This two-story building consists of one (1) ground floor retail space of approximately 1,200 SF and one (1) spacious 1-bedroom/1-bath residential unit with a private outdoor deck. The property is 100% leased— the ground floor is home to Forbidden Closet, an established vintage boutique — offering immediate income for an investor or an attractive live/work opportunity for an owner occupant. Situated in one of South Philadelphia’s most sought-after and rapidly growing neighborhoods, 1515 McKean Street represents a compelling addition to any portfolio.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,878 SF
Building Class
B
Year Built
1920
Price
$595,000
Price Per SF
$316.83
Cap Rate
6.70%
NOI
$39,839
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.83
Lot Size
0.02 AC
Opportunity Zone
Yes
Zoning
CMX 2 - The property is zoned CMX-2. Great opportunity for a light food user and neighborhood retailer.
Frontage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Forbidden Closet
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Forbidden Closet | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 871573280 | Total Assessment | $317,300 (2027) |
| Land Assessment | $63,400 (2027) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $253,900 (2027) | Tax Year | 2026 |
Property Taxes
Parcel Number
871573280
Land Assessment
$63,400 (2027)
Improvements Assessment
$253,900 (2027)
Total Assessment
$317,300 (2027)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
1515 Mckean St