• 51 views

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.

Source: BRIGHT MLS, MLS#: PAPH2482266

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Commercial Sale
  • Lot
    0.11 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Create a profile so you can receive updates on this property as soon as they happen!

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 209-15 FAIRMOUNT AVENUE


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
1/30/2026Source: BRIGHT MLS Price Reduction
$3,500,000 -5.4%
9/30/2025Source: BRIGHT MLS Price Reduction
$3,699,000 -5.2%
5/14/2025Source: BRIGHT MLS Added to Database
May 14, 2025
12/3/2024Source: BRIGHT MLS Added to Database
August 11, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 16, 2021
Listing provided courtesy of Styer Real Estate- MLS# PAPH2482266MLS ProviderContact Information: [email protected] - 6104699001