$ 3,500,000
-
$3,500,000
Price -
0
Bed -
0
Bath -
9,700
SqFt
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About the Listing STYER1 - 3283181
MULTIPLE PROPERTY PACKAGE OFFERING- 2 CONTIGUOUS NORTHERN LIBERTIES PROPERTIES. Acquire two adjacent CMX-2.5–zoned assets in one of Philadelphia’s most coveted neighborhoods-Mixed-use building plus a contiguous vacant lot—at a combined 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. Lease expires 12/26, with optional renewal. 705 N. American St. MLS# PAPH2452904 is a Vacant Lot - 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 with the ability to build up to 4-5 stories high. 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 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. Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. 3D tour available for comprehensive review of the building.
Listing Highlights
Status
Active
Days on Site
265
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: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Hot Water,Forced Air
- Fireplaces:
- Floor: Wood,Vinyl,Carpet,Tile/Brick
- 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 zoning allowing pedestrian-oriented uses with residential above and approx. 4–5 story height
- 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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Questions About..
209 209-15 Fairmount Ave Philadelphia, PA 19123
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