Property

Philadelphia, PA 19123 209-15 Fairmount Avenue

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Presented By: Styer Real Estate
  • MLS# PAPH2452892
  • 05/08/2025
  • Request Tour
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  • SQFT • 9,700

Home Details

Rare Northern Liberties Opportunity- Turnkey Investment or Redevelopment Potential Located in one of Philadelphias most sought-after neighborhoods, this nearly 10,000 SF mixed-use property offers unmatched investment potential. Zoned CMX-2.5, this Iconic building formerly a church, theatre and social club is rich in character and retains remarkable historic elements including original ceiling murals and a repurposed stage. High ceilings (1820 ft) and open floor plans on both levels as well as a 4,500 sq ft basement allow for endless possibilities. Additional adjacent 2,500 Sq ft vacant lot is available for sale separately, if combined, the two properties would offer an approximate 7,500 sq ft footprint of redevelopment opportunity. MLS# PAPH2452904 An 8-year NNN lease currently in place through 12/31/2026 and a stable tenant eager to renew, this is a rare opportunity for investors or developers to secure a piece of Northern Liberties with long-term upside with a NOI of $183,000. This one-of-a-kind property is just steps away from Philadelphias premier dining, art galleries, and nightlife, as well as inviting community parks and green spaces. With both Penns Landing and Old City within easy walking distance, its appeal is truly unmatched. Easy accessibility to Public Transit & Highways Conveniently located near I-95, I-676 on-ramps and steps from the Market- Frankford Line. Property viewing times are limited to evenings after 6:00 PM and weekends due to the business operations of the current tenant which is a childcare center. A 3D tour and property website are available for a comprehensive virtual tour of the building due to the limited in person showing times.
Presented By: Styer Real Estate

Interior Features for 209-15 Fairmount Avenue

Bathrooms

Total Restrooms6

Other Interior Features

Clear Span Ceiling Height15' to 18', 18' to 24'
Central Air Y/NYes
FlooringWood, Vinyl
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories2

General for 209-15 Fairmount Avenue

Acceptable FinancingCash, Conventional, Exchange
AccessibilityNone
Association Recreation FeeN
Business TypeDay Care Facility
Cap Rate5.90
CityPHILADELPHIA
Construction MaterialsBrick, CPVC/PVC, Copper Plumbing
Cool FuelElectric
CoolingCentral A/C, Window Unit(s)
CountyPHILADELPHIA
Directions2ND ST TO RIGHT ON FAIRMOUNT AVE, BUILDING ON RIGHT
DisclosuresAgent Related to Owner
Electric200+ Amp Service
ExclusionsTenant's property
Gross Income194759.00
HeatingHot Water, Forced Air
Historic Y/NNo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet5009.00
Lot Size UnitsSquare Feet
MLS Area19123 (19123)
MaintenanceExpense3968.00
ModificationTimestamp2025-05-08T23:06:21
MunicipalityPHILADELPHIA
Net Operating Income183000.00
New ConstructionNo
Number Of Units Total1
Operating Expense11798.00
OwnerPaysManagement, Repairs
OwnershipFee Simple
PossessionSubject to Existing Lease, Immediate, Negotiable
Possible UseApartments, Mixed Use, Office, Recreational, Retail
Price Per Sq Ft Total AG319.59
Property ConditionAverage
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
RoofRubber
Security FeaturesFire Detection System, Security System
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameNORTHERN LIBERTIES
Tax Annual Amount9798.0
Tax Assessed Value700000.0
Tax Lot134
Tax Year2024
Total Actual Rent194759.00
TransportationMetro/Subway Station less than 1 mile, Bus Stop less than 1 mile
UtilitiesWater Available, Sewer Available, Natural Gas Available, Electric Available
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1848
Year Built SourceEstimated
ZoningCMX2.5

Exterior for 209-15 Fairmount Avenue

Building Area Total9700.00
Door FeaturesSix Panel
Foundation DetailsStone, Brick/Mortar, Slab
InclusionsBlower in basement
Land Assessed Value140000.00
Land Use CodeZV0
Lot Dimensions67.00 x 75.00
Lot Size Acres0.11
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Road Frontage Length67
Road ResponsibilityCity/County
Road Surface TypeBlack Top
Total Loading Docks0
Total Parking Spaces0
Traffic Count10000-14999
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $3,100,000
MLS#PAPH2452892
List Date 05/08/2025
Property Type Commercial
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