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16 N 9th St 6,000 SF 100% Leased Retail Building Darby, PA 19023 $545,000 ($90.83/SF) 9% Cap Rate



Investment Highlights
- Long track record of maximum occupancy in Residential rentals + Stable track record for Restaurant Business Tenant
Executive Summary
EXECUTIVE SUMMARY
Investment Overview
This offering presents the opportunity to acquire a stabilized mixed-use investment property with diversified income streams, documented operating history, and immediate cash flow. The asset consists of a ground-floor restaurant and three residential apartments above, including two 2-bedroom units and one 1-bedroom unit, located in a high-demand rental market just off Main Street.
The property is currently operating at a 9% capitalization rate at the offering price, supported by fully disclosed historical income and operating expenses, including a conservative 5% vacancy allowance. This transparency allows investors to underwrite the asset with confidence and minimizes execution risk post-acquisition.
Property & Income Characteristics
The retail component benefits from strong visibility and consistent traffic, contributing to stable commercial income. The residential units are well leased with a solid tenant base and a history of minimal vacancy, providing reliable supplemental cash flow and diversification. All utilities are separately metered with the exception of water, limiting landlord expense exposure and simplifying ongoing management.
Physical Condition & Improvements
The building has been well maintained and reflects pride of ownership. Notable features include a newer roof, off-street parking, and a functional layout that supports long-term tenancy for both commercial and residential users. No deferred maintenance has been reported.
Business & Upside Considerations
All restaurant equipment is owned outright by the seller. While the restaurant business is not included in the base offering, it may be negotiated separately, presenting potential upside for owner-operators or investors seeking to enhance returns beyond the in-place income.
Investment Highlights
Stabilized mixed-use asset with immediate cash flow
Verified 9% cap rate at list price
Fully transparent financials with disclosed expenses
Diversified income from commercial and residential tenants
High-demand rental location with historically low vacancy
Separately metered utilities (except water)
Optional upside via restaurant business negotiation
Conclusion
This offering represents a low-risk, income-oriented acquisition ideal for private investors, 1031 exchange buyers, or portfolio managers seeking stable returns with long-term appreciation potential. Assets of this quality, transparency, and performance profile are increasingly difficult to source in today’s market.
Showings are by appointment only. Financials available to qualified buyers.
Investment Overview
This offering presents the opportunity to acquire a stabilized mixed-use investment property with diversified income streams, documented operating history, and immediate cash flow. The asset consists of a ground-floor restaurant and three residential apartments above, including two 2-bedroom units and one 1-bedroom unit, located in a high-demand rental market just off Main Street.
The property is currently operating at a 9% capitalization rate at the offering price, supported by fully disclosed historical income and operating expenses, including a conservative 5% vacancy allowance. This transparency allows investors to underwrite the asset with confidence and minimizes execution risk post-acquisition.
Property & Income Characteristics
The retail component benefits from strong visibility and consistent traffic, contributing to stable commercial income. The residential units are well leased with a solid tenant base and a history of minimal vacancy, providing reliable supplemental cash flow and diversification. All utilities are separately metered with the exception of water, limiting landlord expense exposure and simplifying ongoing management.
Physical Condition & Improvements
The building has been well maintained and reflects pride of ownership. Notable features include a newer roof, off-street parking, and a functional layout that supports long-term tenancy for both commercial and residential users. No deferred maintenance has been reported.
Business & Upside Considerations
All restaurant equipment is owned outright by the seller. While the restaurant business is not included in the base offering, it may be negotiated separately, presenting potential upside for owner-operators or investors seeking to enhance returns beyond the in-place income.
Investment Highlights
Stabilized mixed-use asset with immediate cash flow
Verified 9% cap rate at list price
Fully transparent financials with disclosed expenses
Diversified income from commercial and residential tenants
High-demand rental location with historically low vacancy
Separately metered utilities (except water)
Optional upside via restaurant business negotiation
Conclusion
This offering represents a low-risk, income-oriented acquisition ideal for private investors, 1031 exchange buyers, or portfolio managers seeking stable returns with long-term appreciation potential. Assets of this quality, transparency, and performance profile are increasingly difficult to source in today’s market.
Showings are by appointment only. Financials available to qualified buyers.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$66,000
|
$11.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,300
|
$0.55
|
| Effective Gross Income |
$62,700
|
$10.45
|
| Taxes |
$8,086
|
$1.35
|
| Operating Expenses |
$5,414
|
$0.90
|
| Total Expenses |
$13,500
|
$2.25
|
| Net Operating Income |
$49,200
|
$8.20
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $11.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,300 |
| Annual Per SF | $0.55 |
| Effective Gross Income | |
|---|---|
| Annual | $62,700 |
| Annual Per SF | $10.45 |
| Taxes | |
|---|---|
| Annual | $8,086 |
| Annual Per SF | $1.35 |
| Operating Expenses | |
|---|---|
| Annual | $5,414 |
| Annual Per SF | $0.90 |
| Total Expenses | |
|---|---|
| Annual | $13,500 |
| Annual Per SF | $2.25 |
| Net Operating Income | |
|---|---|
| Annual | $49,200 |
| Annual Per SF | $8.20 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
C
Year Built
1910
Price
$545,000
Price Per SF
$90.83
Cap Rate
9%
NOI
$49,050
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.53
Lot Size
0.09 AC
Zoning
RESI - COMMERCIAL -MULTI FAMILY WITH STORE / RESTAURANT
CURRENTL A RESTAUANT WITH 3 RESIDENTIAL RENTAL UNITS
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- D'cafe
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| D'cafe | Retailer | - | - | - |
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-00-02256-00 | Total Assessment | $74,750 |
| Land Assessment | $38,410 | Annual Taxes | $8,086 ($1.35/SF) |
| Improvements Assessment | $36,340 | Tax Year | 2025 |
Property Taxes
Parcel Number
14-00-02256-00
Land Assessment
$38,410
Improvements Assessment
$36,340
Total Assessment
$74,750
Annual Taxes
$8,086 ($1.35/SF)
Tax Year
2025
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16 N 9th St
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