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1515 Mckean St 1,675 SF 100% Leased Retail Building Philadelphia, PA 19145 $595,000 ($355.22/SF) 6.70% Cap Rate
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
1,675 SF
Building Class
B
Year Built
1920
Price
$595,000
Price Per SF
$355.22
Cap Rate
6.70%
NOI
$39,839
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.63
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 | $247,100 |
| Land Assessment | $49,420 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $197,680 | Tax Year | 2026 |
Property Taxes
Parcel Number
871573280
Land Assessment
$49,420
Improvements Assessment
$197,680
Total Assessment
$247,100
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