$ 3,900,000
-
$3,900,000
Price -
0
Bed - Bath
-
9,700
SqFt
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About the Listing STYER1 - 3283181
INVESTMENT PORTFOLIO- 2 CONTIGUOUS NORTHERN LIBERTIES PROPERTIES. 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. 209-215 Fairmount Ave is an Iconic Mixed-Use 9700+ sq ft 2 level building with a 4500+ sq ft basement. The building retains much of it's historic character. Originally constructed 1805–1848 as a church, later became a theatre, social club, workshop and is currently a childcare facility—featuring original ceiling murals and a repurposed stage. 18–20 ft ceilings and open-plan on both floors are ideal for flexible commercial or residential conversion. Long term Triple Net (NNN) lease. Stable tenant with well established Childcare center. NOI $183,000. 705 N. American St. is a Vacant Lot | 2,539 SF Development Site, 2,539 SF of buildable land. Currently functions as parking/play yard under the 209-215 Fairmount Ave NNN lease (same term). CMX-2.5—permits multi-story mixed-use redevelopment: luxury residential over ground-floor retail, boutique offices, flexible creative space Combined Redevelopment Potential Total Footprint of both properties is approximately 7,550 SF (5,009 SF building lot + 2,539 SF vacant parcel). Immediate cash flow from the building lease paired with blank-slate development land is ideal for a signature mixed-use project or phased conversion. Northern Liberties walkable lifestyle means steps from premier restaurants, art galleries, nightlife, and community parks and green spaces as well as being within walking distance to Penn's Landing and Old City. Easy access to transit & highways: Minutes to I-95 and I-676 on-ramps and adjacent to Market–Frankford Line station. MLS Numbers: PAPH2452892 (Building) & PAPH2452904 (Vacant Lot). Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. 3D tour available for comprehensive review of the building. Bundle Bonus: Purchase both parcels together for a special combined price and maximize your return on investment in Northern Liberties.
Listing Highlights for 209 209-15 Fairmount Ave
Status
Active
Days on Site
118
Property Type
Commercial Sale
MLS ®
PAPH2482266
Year Built
1848
Total Square Footage
9,700
Lot/Acreage
0.11
County
Philadelphia
Neighborhood
Northern Liberties
Area
19123 (19123)
School District
Philadelphia City
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Hot Water,Forced Air
- Fireplaces:
- Floor: Wood,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Additional Lot(s),Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 67.00 x 75.00
- Zoning: Neighborhood Commercial Mixed-Use Districts Neighborhood-serving retail and service uses, including pedestrian friendly retail
- Roof: Rubber
- Others: Average
- Sewer: Public Sewer
- Parking Features: Paved Parking,On Street,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $9,798
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
209 209-15 Fairmount Ave Philadelphia, PA 19123
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