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View Virtual Tour PRICE $3,500,000 SIZE 9,700 sqft LOT SIZE 4,792 sqft Request More Info Schedule a Showing

This offering presents a rare opportunity to acquire two contiguous CMX-2.5 zoned properties in the heart of Northern Liberties, combining stabilized income with long-term flexibility. The portfolio includes the mixed-use commercial building at 209-215 Fairmount Avenue and the adjoining parcel at 705 N American Street, together providing a 7,550 SF combined footprint "” a scale increasingly difficult to assemble in the neighborhood. The property is leased through December 31, 2026 and produced $228,998 in total income in 2025. After full operating expenses, including property taxes, the asset generates approximately $203,500 in Net Operating Income, representing a 5.8% cap rate at the offering price. The existing lease term provides stable income while a buyer evaluates long-term plans and pursues planning or entitlement work, with a defined transition point at the end of 2026. The tenant has expressed interest in renewing; however, any future lease extension would be subject to negotiation with the new owner. This structure provides flexibility for continued income stabilization or repositioning following the current lease term. Assemblage Overview "¢ 7,550 SF Contiguous Assemblage "¢ Two Parcels: 209-215 Fairmount Avenue & 705 N American Street "¢ CMX-2.5 Zoning - Mixed-Use Development Potential "¢ Located in Northern Liberties "¢ Income in Place Through 12/31/2026 "¢ Defined Transition Timeline for Repositioning or Redevelopment 209-215 Fairmount Avenue (Primary Building) MLS# PAPH2482266 "¢ Grand Second-Story Theatre Hall with Open-Span Volume "¢ Preserved Theatre-Era Allegorical Ceiling Panels "¢ 18' Pressed Metal Ceilings with Decorative Cornice Detailing (Main Level) "¢ Original Interior Woodwork and Architectural Detailing "¢ Hardwood Flooring on Upper Level "¢ Full-Building Basement with 10'+ Ceiling Height "¢ Significant Ceiling Volume Rare for Buildings of This Era "¢ Adaptive Reuse or Conversion Potential 705 N American Street (Contiguous Parcel) MLS# PAPH2452904 "¢ Vacant Paved Lot (Separate Parcel) "¢ Secondary Access "¢ Enhances Assemblage Scale and Site Configuration Flexibility Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. Virtual access available via 3D tour.