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Rare Northern Liberties Opportunity! 2 Properties Offered at $3,699,000 in Philadelphia, PA
INVESTMENT HIGHLIGHTS
- Lease & Income: 8-year Triple Net (NNN) lease through 12/31/2026 with a childcare operator (tenant eager to renew); NOI $183,000
- Building Size: 9,700 SF over two levels, plus a 4,500 SF cellar
- Zoning: CMX-2.5 (Commercial Mixed-Use)
- Ceiling Heights & Layout: 18–20 ft ceilings; open-plan on both floors for flexible commercial or residential conversion
- Historic Character: Constructed 1805–1848 as a church, later theatre and social club—featuring original ceiling murals and a repurposed stage
- Vacant Lot | 2,539 SF Development Site
EXECUTIVE SUMMARY
Acquire two adjacent CMX-2.5–zoned assets in one of Philadelphia’s most coveted neighborhoods—a fully leased, mixed-use building plus a contiguous vacant lot—at a combined, discounted price. Together they deliver stable income, immediate upside and premier redevelopment potential.
Combined Redevelopment Potential Total Footprint: Approx. 7,550 SF lot area (5,009 SF building lot + 2,539 SF vacant parcel)
Strategic Synergy: Immediate cash flow from the building lease paired with blank-slate development land—ideal for a signature mixed-use project or phased conversion
Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant
Virtual Access: 3D tour and dedicated property website available for comprehensive review.
Bundle Bonus: Purchase both parcels together for a special combined price and maximize your return on investment in Northern Liberties.
Combined Redevelopment Potential Total Footprint: Approx. 7,550 SF lot area (5,009 SF building lot + 2,539 SF vacant parcel)
Strategic Synergy: Immediate cash flow from the building lease paired with blank-slate development land—ideal for a signature mixed-use project or phased conversion
Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant
Virtual Access: 3D tour and dedicated property website available for comprehensive review.
Bundle Bonus: Purchase both parcels together for a special combined price and maximize your return on investment in Northern Liberties.
DATA ROOM Click Here to Access
- Miscellaneous
PROPERTY FACTS
| Price | $3,699,000 | Status | Active |
| Price / SF | $369.90 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 4.95% | Total Building Size | 10,000 SF |
| Sale Type | Investment | Total Land Area | 0.18 AC |
| Price | $3,699,000 |
| Price / SF | $369.90 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 4.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 10,000 SF |
| Total Land Area | 0.18 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 705 American St, Philadelphia, PA 19123 | Land | 0.06 AC | - | - |
| 209-215 Fairmount Ave, Philadelphia, PA 19123 | Retail | 10,000 SF | 1849 | - |
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Rare Northern Liberties Opportunity!
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