141 League St - Storefront Retail/Office FOR SALE


Philadelphia, PA 19147- Queen Village-Pennsport
$1,650,000 USD
267-780-3419
141 League St, Philadelphia, PA for Sale
$1,650,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | Request Cap Rate

141 League St
Philadelphia, PA 19147
Queen Village-Pennsport


HIGHLIGHTS

  • Proximity to Major Retail & Lifestyle Amenities
  • Excellent Accessibility
  • Stable Service-Based Tenancy

OVERVIEW

They don’t make buildings like 141 League Street anymore. Set on a quiet Queen Village side street one block off Front Street, this circa-1900 masonry landmark rises three stories behind a dramatic pedimented facade — oversized industrial windows, private roof deck, and a full passenger elevator, a combination nearly impossible to find in one of Philadelphia’s most desirable historic neighborhoods. The 10,206 SF building is 100% leased to two long-standing tenants (creative publisher, floors 1–2; established salon, floor 3) producing $112,403 in scheduled income — an approx. 6.8% in-place yield on a net-effective basis, rising by contract in 2027. The upside is defined: both leases expire 1/31/2028 with in-place rents around $13/SF vs. estimated market rents of $20–$24/SF, giving the next owner a clear path to materially higher income — re-lease at market, renew, or occupy 5,800 SF (57%) as an owner-user with SBA financing and rental income offsetting carry. Median household income of $97,514 within one mile, 395,000+ residents within three, pedestrian rating 100, and I-95 a tenth of a mile away. A fully leased income property today, a mark- to-market event in 18 months, and a trophy Queen Village asset forever. Offered at $1,650,000.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

RSA-5

APN/PARCEL ID

883567500

ASK ABOUT THIS PROPERTY

Jon O'SheaMcCann CommercialMore Info
267-780-3419

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Jon O'SheaMcCann CommercialMore Info
267-780-3419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.