209-15-15 FAIRMOUNT AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19123
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,700 sqft
Price per Sqft $402
Subdivision Northern Liberties
MLS Listing ID PAPH2482266
Originating Board BRIGHT
Year Built 1848
Annual Tax Amount $9,798
Tax Year 2024
Lot Size 5,009 Sqft
Acres 0.11
Lot Dimensions 67.00 x 75.00
Property Sub-Type Mixed Use
Property Description
INVESTMENT PORTFOLIO- 2 CONTIGUOUS NORTHERN LIBERTIES PROPERTIES.
Acquire two adjacent CMX-2.5–zoned assets in one of Philadelphia's most coveted neighborhoods—a fully leased, mixed-use building plus a contiguous vacant lot—at 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 1805–1848 as a church, later became a theatre, social club, workshop and is currently a childcare facility—featuring original ceiling murals and a repurposed stage. 18–20 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-2.5—permits 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 Market–Frankford 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.
Location
State PA
County Philadelphia
Area 19123 (19123)
Zoning CMX2.5
Interior
Hot Water Natural Gas
Heating Hot Water,Forced Air
Cooling Central A/C,Window Unit(s)
Flooring Wood,Vinyl
Inclusions Blower in basement
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Utilities Available Water Available,Sewer Available,Natural Gas Available,Electric Available
Water Access N
Roof Type Rubber
Street Surface Black Top
Accessibility None
Road Frontage City/County
Total Parking Spaces 4
Garage N
Building
Lot Description Additional Lot(s)
Foundation Stone,Brick/Mortar,Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882017730
Ownership Fee Simple
SqFt Source Estimated
Security Features Fire Detection System,Security System
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=uSN3csedn4A&brand=0&mls=1&