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Investment Highlights

  • Center City Traffic
  • Was a massage parlor
  • Commercial with full basement

Executive Summary

Commercial space available for sale or lease in the heart of the Center City District, a busy destination with excellent visibility and foot traffic.
Previously operated as a massage parlor, this vacant property offers a flexible layout suitable for a variety of business uses. The space features a welcoming reception/waiting area, multiple private rooms, a steam room, a full bathroom, and a full basement with additional enclosed rooms and a laundry area.
Located in a commercial zoning district, this property presents an outstanding opportunity for retail, office, wellness, medical, beauty, professional services, and many other permitted business uses. Offered at a competitive sale price with reasonable lease terms. Schedule your private showing today!

Property Facts

Price $350,000
Price Per Unit $14,000
Sale Type Investment
Sale Condition Lease Option
No. Units 25
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.83 AC
Building Size 350,000 SF
Average Occupancy 0%
No. Stories 4
Year Built 2007
Opportunity Zone Yes
Zoning G2 /ICMX - Spa

Amenities

Unit Amenities

  • Air Conditioning

Site Amenities

  • Laundry Facilities
  • On-Site Retail
  • Walking/Biking Trails
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 25 $1,600 -
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 888115020
  • 888115024
  • 888115030
  • 888115038
  • 888115028
  • 888115032
  • 888115022
  • 888115026
Land Assessment
$349,400
Improvements Assessment
$1,707,600
Total Assessment
$2,057,000
  • Listing ID: 41356544

  • Date on Market: 7/19/2026

  • Last Updated:

  • Address: 451-459 N 12th St, Philadelphia, PA 19123

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