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7,550 SF CMX-2.5 Assemblage | No Libs 2 Properties Offered at $3,500,000 in Philadelphia, PA
Investment Highlights
- 7,550 SF Contiguous Assemblage | Northern Liberties Rare footprint in Philadelphia’s first industrial suburb and a high-demand urban neighborhood.
- First-Floor 18 FT Pressed Metal Ceilings Decorative stamped metal panels with detailed cornice and preserved interior woodwork.
- Theatre-Era Allegorical Ceiling Panels Preserved Original framed classical mural artwork integrated into the interior.
- Second-Story Grand Theatre Hall | Open-Span Volume Expansive upper-level interior with high ceilings; current walls consist of temporary partitions.
- Full Basement with 10+ FT Ceilings Unusually high lower level for a building of this era, offering added flexibility.
- Income Through 12/31/2026 | $203,500 NOI 5.8% cap rate; renewal subject to negotiation.
Executive Summary
Acquire a rare 7,550 SF contiguous assemblage in the heart of Northern Liberties, featuring a second-story grand theatre hall and stabilized income through 2026.
The offering includes the mixed-use commercial building at 209–215 Fairmount Avenue and the adjacent parcel at 705 N American Street, combining architectural character, scale, and defined lease timing within one of Philadelphia’s most established and highly sought-after urban neighborhoods.
The property is leased through December 31, 2026 and produced $228,998 in total income in 2025. After full operating expenses, including property taxes, the asset generates approximately $203,500 in Net Operating Income, representing a 5.8% cap rate at the $3,500,000 offering price.
The existing lease term provides stable income while a buyer evaluates long-term plans and pursues planning or entitlement work, with a defined transition point at the end of 2026. The tenant has expressed interest in renewing; however, any future lease extension would be subject to negotiation with the new owner.
Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. Virtual access available via 3D tour.
The offering includes the mixed-use commercial building at 209–215 Fairmount Avenue and the adjacent parcel at 705 N American Street, combining architectural character, scale, and defined lease timing within one of Philadelphia’s most established and highly sought-after urban neighborhoods.
The property is leased through December 31, 2026 and produced $228,998 in total income in 2025. After full operating expenses, including property taxes, the asset generates approximately $203,500 in Net Operating Income, representing a 5.8% cap rate at the $3,500,000 offering price.
The existing lease term provides stable income while a buyer evaluates long-term plans and pursues planning or entitlement work, with a defined transition point at the end of 2026. The tenant has expressed interest in renewing; however, any future lease extension would be subject to negotiation with the new owner.
Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. Virtual access available via 3D tour.
Data Room Click Here to Access
- Miscellaneous
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,500,000 | Status | Active |
| Price / SF | $350.00 / SF | Number of Properties | 2 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 5.81% | Total Building Size | 10,000 SF |
| Sale Type | Investment | Total Land Area | 0.18 AC |
| Price | $3,500,000 |
| Price / SF | $350.00 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 5.81% |
| 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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7,550 SF CMX-2.5 Assemblage | No Libs