CHARIS REALTY GROUP

209-15 FAIRMOUNT AVENUE

PHILADELPHIA , PA 19123

MLS#: PAPH2482266

$3,500,000

Status: Active
Listing number: PAPH2482266
Listing provided by: Styer Real Estate
Listing agent phone: None
Last update: 12 hours ago
On site: 9 months ago
Browse Properties
NORTHERN LIBERTIES - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1848

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Natural Gas, Hot Water, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street, Paved, Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.11

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $3,500,000

  • Tax Amount

    $9,798

  • Zoning

    Neighborhood commercial mixed-use zoning allowing pedestrian-oriented uses with residential above and approx. 4–5 story height

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Foundation Details

    Stone, Brick/Mortar, Slab

  • Sewer

    Public Sewer

  • Tax Lot

    134

  • Water Source

    Public

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Listing Courtesy of Jennifer Anne Gezon , Styer Real Estate

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Agent Emily Simpson

AGENT

Emily Simpson

Call Emily today to schedule a private showing.

(240) 405-5230

emilysellsfrederick@gmail.com


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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.

209-15 FAIRMOUNT AVENUE

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