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209-15 FAIRMOUNT AVENUE, PHILADELPHIA, PA 19123
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$3,900,000
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Home Details for 209-15 FAIRMOUNT AVENUE
Price
$3,900,000
Type
Commercial/Industrial
Year Build
1848
Lot Size
0.11
County
PHILADELPHIA
Tax
$9,798
MLS®️ Listing#
PAPH2482266
On exitrealty.com
175 days
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. Long term Triple Net (NNN) lease. Stable tenant with well established Childcare center. NOI $183,000.
705 N. American St. is a 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.
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- Utilities
- Water Available
- Sewer Available
- Natural Gas Available
- Electricity Available
- Cooling Information
- Central Air
- Window Unit(s)
- Electric
- Heating Information
- Natural Gas
- Hot Water
- Forced Air
- Parking
- On Street
- Paved
- Parking Lot
- Water Features
- Public
Listing Courtesy: Styer Real Estate - 610-469-9001
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2025-09-05 09:54:45
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EXIT ELEVATE REALTY
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