209-215 Fairmount Ave - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19123- Northern Liberties
$3,100,000 USD
610-715-1886
209-215 Fairmount Ave, Philadelphia, PA for Sale
$3,100,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | 5.9% Cap Rate

209-215 Fairmount Ave
Philadelphia, PA 19123
Northern Liberties


HIGHLIGHTS

  • Heart of Northern Liberties
  • High ceilings, Large windows, adaptable open floor plans throughout
  • Full basement
  • Long term NNN lease currently in place. Very stable tenant
  • Additional adjacent 2500 Sq Ft. vacant lot available for sale to be used for parking or added footprint for redevelopment

OVERVIEW

Prime NNN Investment in Northern Liberties – 6 Years Remaining on Lease Positioned in the heart of one of Philadelphia’s most sought-after and consistently desirable neighborhoods, this nearly 10,000 SF mixed-use property is currently occupied by a long-standing tenant operating a successful childcare facility under a Triple Net (NNN) lease through December 31, 2030. With an NOI of 183,000 and a cap rate of 5.9% this property offers stable, long-term income with minimal landlord responsibilities—making it an ideal fit for passive investors. 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 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. 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, 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.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Day Care Center, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1849

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

CROSS STREETS

2nd St

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CMX 2.5

APN/PARCEL ID

882017730

ASK ABOUT THIS PROPERTY

Jennifer GezonStyer Real EstateMore Info
610-715-1886

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Jennifer GezonStyer Real EstateMore Info
610-715-1886

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