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616 S 6th St 2,112 SF 100% Leased Retail Building Philadelphia, PA 19147 $550,000 ($260.42/SF) 6.09% Cap Rate
Executive Summary
MPN Realty, Inc. is pleased to present the sale of 616 S. 6th St., a meticulously maintained mixed-use building zoned CMX-2 in Queen Village. The property is fully occupied and consists of (1) commercial space and (1) bi-level 2 bed/ 1.5 bath apartment. A new lease was just executed with a Tea Room for the commercial space. All units are self-contained. The property is situated in the vibrant Queen Village neighborhood across from a former church that has been converted into a luxury apartment complex with parking and popular spots like Redcrest Kitchen, Emmy Squared Pizza, and Saloon Restaurant. This building offers an exceptional turn-key investment opportunity.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,112 SF
Building Class
C
Year Built
1905
Price
$550,000
Price Per SF
$260.42
Cap Rate
6.09%
NOI
$33,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.42
Lot Size
0.02 AC
Zoning
CMX-2 - Commercial Mixed-Use
Frontage
16’ on 6th St
Amenities
- Air Conditioning
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 871270750 | Improvements Assessment | $346,400 (2027) |
| Land Assessment | $86,500 (2027) | Total Assessment | $432,900 (2027) |
Property Taxes
Parcel Number
871270750
Land Assessment
$86,500 (2027)
Improvements Assessment
$346,400 (2027)
Total Assessment
$432,900 (2027)
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