Philadelphia, PA 19123 209-15 Fairmount Avenue

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Presented By: Styer Real Estate
  • MLS# PAPH2482266
  • 05/14/2025
  • Request Tour
  • Request Info
  • SQFT • 9,700

Home Details

INVESTMENT PORTFOLIO- 2 CONTIGUOUS NORTHERN LIBERTIES PROPERTIES. Acquire two adjacent CMX-2.5zoned assets in one of Philadelphias most coveted neighborhoodsa fully leased, mixed-use building plus a contiguous vacant lotat a combined, discounted price. Together they deliver stable income, immediate upside and premier redevelopment potential. 209-215 Fairmount Ave is an Iconic Mixed-Use 9700+ sq ft 2 level building with a 4500+ sq ft basement. The building retains much of it's historic character. Originally constructed 18051848 as a church, later became a theatre, social club, workshop and is currently a childcare facilityfeaturing original ceiling murals and a repurposed stage. 1820 ft ceilings and open-plan on both floors are ideal for flexible commercial or residential conversion. 8-year Triple Net (NNN) lease through 12/31/2026, Stable tenant with well established Childcare center who is eager to renew. NOI $183,000. Vacant Lot | 2,539 SF Development Site, 2,539 SF of buildable land. Currently functions as parking/play yard under the 209-215 Fairmount Ave NNN lease (same term). CMX-2.5permits multi-story mixed-use redevelopment: luxury residential over ground-floor retail, boutique offices, flexible creative space Combined Redevelopment Potential Total Footprint of both properties is approximately 7,550 SF (5,009 SF building lot + 2,539 SF vacant parcel). Immediate cash flow from the building lease paired with blank-slate development land is ideal for a signature mixed-use project or phased conversion. Northern Liberties walkable lifestyle means steps from premier restaurants, art galleries, nightlife, and community parks and green spaces as well as being within walking distance to Penn's Landing and Old City. Easy access to transit & highways: Minutes to I-95 and I-676 on-ramps and adjacent to MarketFrankford Line station. MLS Numbers: PAPH2452892 (Building) & PAPH2452904 (Vacant Lot). Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. 3D tour available for comprehensive review of the building. Bundle Bonus: Purchase both parcels together for a special combined price and maximize your return on investment in Northern Liberties.
Presented By: Styer Real Estate

Interior Features for 209-15 Fairmount Avenue

Bathrooms

Total Restrooms7

Other Interior Features

Clear Span Ceiling Height18' 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 TypeApartment Building, Day Care Facility
Cap Rate5.90
CityPHILADELPHIA
Construction MaterialsBrick, CPVC/PVC, Copper Plumbing, Cast Iron Plumbing, Masonry
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 Income194758.00
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)
ModificationTimestamp2025-05-14T15:48:19
MunicipalityPHILADELPHIA
Net Operating Income183000.00
New ConstructionNo
Number Of Units Total1
Operating Expense11758.00
OwnerPaysAccounting/Legal, Management, Repairs
OwnershipFee Simple
PossessionSubject to Existing Lease, Immediate, Negotiable
Possible UseOffice, Recreational, Retail, Commercial, Day Care, Multi-Family
Price Per Sq Ft Total AG402.06
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 Rent194758.00
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
Car Parking Spaces4
Door FeaturesSix Panel, Double Entry, French
Fencing Y/NN
Foundation DetailsStone, Brick/Mortar, Slab
InclusionsBlower in basement
Land Assessed Value140000.00
Land Use CodeZV0
Lot Dimensions67.00 x 75.00
Lot FeaturesAdditional Lot(s)
Lot Size Acres0.11
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Parking FeaturesPaved Parking
Road Frontage Length67
Road ResponsibilityCity/County
Road Surface TypeBlack Top
Total Loading Docks0
Total Parking Spaces4
Type of ParkingOn Street, Parking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $3,900,000
MLS#PAPH2482266
List Date 05/14/2025
Property Type Commercial
Phone 703.929.4729
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