Investments Sales Management

209-15 FAIRMOUNT AVENUE

PHILADELPHIA , PA 19123

MLS#: PAPH2452892

$3,100,000

Status: Active
Listing number: PAPH2452892
Listing provided by: Styer Real Estate
Listing agent phone: None
Last update: a month ago
Browse Properties
NORTHERN LIBERTIES - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1848

Sq.Footage

N/A

Prime NNN Investment in Northern Liberties – Strong Tenant- Long-Term Lease in Place Positioned in the heart of one of Philadelphia’s consistently desirable neighborhoods,This nearly 10,000 SF mixed-use property is home to a thriving childcare facility operating under a stable, Triple Net (NNN) lease with 6 years remaining. With an NOI of 183,000 and a cap rate of 5.9% this property offers stable, long-term income with minimal landlord responsibilities. Zoned CMX-2.5, the site also presents excellent mixed-use residential redevelopment potential for future value creation. Originally constructed as a church and later transformed into one of the city’s first four major theaters, the building boasts rich historic character, including original ceiling murals and repurposed stage elements. With open flexible floor plans, soaring 18–20 ft ceilings, and a zoning classification that supports a variety of commercial and residential uses, the property is well positioned for future adaptive reuse. An adjacent vacant lot is also available for purchase, enhancing the redevelopment potential of the site to a total land footprint of 7,550 square feet. Just steps from premier dining, art galleries, and nightlife in Northern Liberties—and within close proximity to Penn’s Landing, Old City, and vibrant Fishtown—this offering represents a rare opportunity to acquire a high-performing, income-generating asset with significant long-term upside in one of Philadelphia’s most coveted neighborhoods. Easy accessibility to Public Transit & Highways – Conveniently located near I-95, I-676 on-ramps. Property viewing times are limited to evenings after 6:00 PM and weekends due to the business operations of the current tenant. A 3D tour and property website are available for a comprehensive virtual tour of the building due to the limited in person showing times.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $3,100,000

  • Tax Amount

    9798.0

  • Zoning

    Neighborhood Commercial/Residential Mixed-Use Districts Neighborhood-serving retail and service uses, pedestrian friendly retail

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Stone, Brick/Mortar

  • Sewer

    Public Sewer

  • Tax Lot

    134

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of Jennifer Anne Gezon , Styer Real Estate

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Prime NNN Investment in Northern Liberties – Strong Tenant- Long-Term Lease in Place Positioned in the heart of one of Philadelphia’s consistently desirable neighborhoods,This nearly 10,000 SF mixed-use property is home to a thriving childcare facility operating under a stable, Triple Net (NNN) lease with 6 years remaining. With an NOI of 183,000 and a cap rate of 5.9% this property offers stable, long-term income with minimal landlord responsibilities. Zoned CMX-2.5, the site also presents excellent mixed-use residential redevelopment potential for future value creation. Originally constructed as a church and later transformed into one of the city’s first four major theaters, the building boasts rich historic character, including original ceiling murals and repurposed stage elements. With open flexible floor plans, soaring 18–20 ft ceilings, and a zoning classification that supports a variety of commercial and residential uses, the property is well positioned for future adaptive reuse. An adjacent vacant lot is also available for purchase, enhancing the redevelopment potential of the site to a total land footprint of 7,550 square feet. Just steps from premier dining, art galleries, and nightlife in Northern Liberties—and within close proximity to Penn’s Landing, Old City, and vibrant Fishtown—this offering represents a rare opportunity to acquire a high-performing, income-generating asset with significant long-term upside in one of Philadelphia’s most coveted neighborhoods. Easy accessibility to Public Transit & Highways – Conveniently located near I-95, I-676 on-ramps. Property viewing times are limited to evenings after 6:00 PM and weekends due to the business operations of the current tenant. A 3D tour and property website are available for a comprehensive virtual tour of the building due to the limited in person showing times.

209-15 FAIRMOUNT AVENUE

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