NORTHERN LIBERTIES TURNKEY INVESTMENT PROPERTY WITH REDEVELOPEMENT POTENTIAL

PROPERTY OVERVIEW

◆ Property Type: Mixed-Use (Adaptable Commercial Space)
◆ Building Size: ~9,700 SF
◆ Lot Size: 5,009 SF
◆ Zoning: CMX-2.5 (Commercial Mixed-Use)
◆ Year Built: Circa 1805-1818
◆ Net Operating Income (NOI): $180,200 per year
◆ Lease Type: Triple Net (NNN)
◆ Lease Term: 8 years, commencing December 31, 2026
◆ Tenant: Established childcare facility with intent to renew
◆ Property taxes: 7,726

INVESTMENT HIGHLIGHTS

➤Prime Northern Liberties Location – One of Philadelphia’s most sought-after neighborhoods with strong real estate demand.
➤Stable Income-Generating Asset – Long-term NNN lease provides immediate cash flow with minimal landlord responsibility.
➤Turnkey Investment with Redevelopment Potential – This property provides immediate income stability, making it an attractive turnkey investment while maintaining significant redevelopment potential.
➤Redevelopment Potential – CMX-2.5 zoning allows for multi-story mixed-use opportunities, including:
◇ Luxury residential condos or apartments
◇Retail or boutique commercial space
◇Creative office or co-working space

HISTORY

Step into a piece of Philadelphia’s history with this remarkable mixed-use property in Northern Liberties. Originally constructed between 1805-1818, this building has evolved through centuries, serving as:
◈ A Presbyterian Church in the early 19th century
◈ The Pennsylvania Theatre (Coates Street Theatre) – a grand playhouse that debuted in 1836, still featuring its original ceiling artwork and repurposed stage on the second floor
◈ Home of the Associated Polish Home of Philadelphia for 51 Years – Serving as a cultural and community hub
◈ A pipe organ workshop and warehouse
◈ Today: A thriving child care center, generating stable rental income
With CMX-2.5 mixed-use zoning, historic charm, high ceilings, and a versatile layout, this income-generating property offers limitless opportunities for investors or developers.

LOCATION BENEFITS

◆ High Foot Traffic and Visibility – Situated in a thriving, walkable community.
◆ Access to Public Transit & Highways – Conveniently located near I-95, I-676, and public transportation.
◆ Nearby Amenities – Steps from top-rated restaurants, retail, and entertainment venues.
◆ Close Proximity to the Waterfront and Its Activities – Easy access to Penn’s Landing and the Delaware River waterfront.

ADDITIONAL OPPORTUNITY: ADJACENT VACANT LOT FOR SALE

➤ Address: 705 N American St, Philadelphia, PA 19123
➤ Lot Size: 2,539 SF
➤ Current Use: Parking and play yard for daycare
➤ Lease Terms: Subject to (NNN) lease terms for 209-15 Fairmount Ave
➤ Sale Terms: Available separately or in conjunction with 209-215 Fairmount Ave

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