239-41 S 10th St - Storefront Retail/Residential CONDO FOR SALE


Philadelphia, PA 19107- Washington Square West
$1,425,000 USD
215-300-9688
239-41 S 10th St, Philadelphia, PA for Sale
$1,425,000 USD
Storefront Retail/Residential CONDO - FOR SALE
1/8
null | 7.16% Cap Rate

239-41 S 10th St
Philadelphia, PA 19107
Washington Square West


HIGHLIGHTS

  • Fully stabilized NNN investment with 100% occupancy through 2031.
  • Prime location one block from Thomas Jefferson University Hospital.
  • Surrounded by dense residential, medical, and hospitality demand.
  • CMX-2 zoning allows for retail, restaurant, office, and multifamily above.
  • Strong submarket fundamentals with retail rents averaging $35–$45/SF.
  • Recently renovated in 2019, ensuring modern finishes and minimal capital needs.

OVERVIEW

Equity CRE is proud to present the opportunity to purchase 239-41 S 10th St. Positioned in the heart of Washington Square West, one of Philadelphia’s most energetic and walkable retail corridors, this property presents a rare opportunity to acquire a fully stabilized, trophy retail condominium just steps from Thomas Jefferson University Hospital and Walnut Street. This ±2,800 SF street-level retail asset is 100% leased to a high-performing tenant, Cloudline Physical Therapy, on a long-term triple net lease through 2031, ensuring steady, predictable income with virtually no landlord responsibilities. The asset sits in a dense, mixed-use pocket of Center City, surrounded by medical, residential, and hospitality demand — a proven formula for sustained foot traffic and rent growth. Boasting CMX-2 zoning, the property combines strong in-place cash flow with future redevelopment potential in one of Philadelphia’s highest-intensity mixed-use districts. The surrounding neighborhood’s transformation, driven by institutional investment and urban lifestyle demand, continues to push retail rents and property values upward. For investors seeking a turnkey, low-maintenance retail asset with secure cash flow and unmatched location fundamentals, 239–41 S 10th Street stands out as a best-in-class opportunity in Center City’s thriving core.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$522 USD /SF

CAP RATE

7.16%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

2,800 SF

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,300 SF

ZONING

CMX2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steve JeffriesEquity CREMore Info
215-300-9688

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

Steve JeffriesEquity CREMore Info
215-300-9688

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