Historic Mixed-Use
New
For Sale
$829,000
1006-8 W Lehigh Avenue, Philadelphia, PA 19133
CMX2 zoning supports a multi-tenant commercial layout with pharmacy, medical, and office areas.
Property Size5,700 SF
Price / SF$145.44
Days on Market2
Property Features for 1006-8 W Lehigh Avenue
General Information
Standard status
Active
Size
5,700 SF
Total Parking Spaces
7
Zoning
CMX2
Site & Location
Neighborhood
North Philadelphia
Road Access
Yes
Public Transit
Yes
Additional Details
Currently Operating
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,777
Amenities
Natural Gas
Yes
4
Public
AB0
50.00 x 125.00
0.13
No
Assessor
Parking Lot,On Street
7
Concrete Perimeter
5700.00
68260.00
Building Details
Building Size
5,700 SF
Year Built
1915
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Homestarr Realty
(215) 355-5565
Listed By:
Michael Bottaro · License #AB067983
(267) 307-2444
Source:
Mullenrealty
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 1:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homestarr Realty
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Investment Insights
Based on property information with market context.
This 5,700-square-foot mixed-use property is arranged across two floors, with CMX2 zoning. The first floor contains a pharmacy build-out with a managerial office, storage, employee break room, changing room, and additional retail and pharmaceutical areas. A separate section includes a doctor’s office, waiting room, and vaccination room. The upper floor features a former executive suite with floor-to-ceiling windows and high ceilings, along with three rear office spaces. Interior details include Greek pillars, hardwood flooring, and marble tile. The building was constructed in 1915 and has a history as a bank branch and pharmacy.
The property sits at the intersection of W. Lehigh and Germantown Avenues in Philadelphia. Broad Street Line’s North Philadelphia Station and Temple University’s main campus are nearby. Parking is available behind the building, with seven spaces.
The property sits at the intersection of W. Lehigh and Germantown Avenues in Philadelphia. Broad Street Line’s North Philadelphia Station and Temple University’s main campus are nearby. Parking is available behind the building, with seven spaces.
Key Highlights
- 5,700‑square‑foot building constructed in 1915
- CMX2 zoning with a multi‑tenant commercial layout
- First‑floor pharmacy configuration with office, storage, break room, and changing room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,009
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,180
$1.5M
Cap Rate 7%
$1,071,557
$1.1M
Cap Rate 9%
$833,433
$833.4K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$125.2K $21.96/SF
− Vacancy
−$25.2K −$4.41/SF
EGI
$100.0K $17.55/SF
− OpEx
−$25.0K −$4.39/SF
NOI
$75.0K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,180
Cap Rate 7%
$1,071,557
Cap Rate 9%
$833,433
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.38M
NOI $82,593 @ 7.0% cap · market cap 9.96%
Second Best
Office B
$1.07M
$937.6K – $1.25M
NOI $75,009 @ 7.0% cap · market cap 9.05%
Theoretical Best
Multifamily LT 5
$1.39M
$1.22M – $1.62M
NOI $97,270 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,103
Businesses Nearby
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Business Placement
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX2 zoning supports a multi-tenant commercial layout with pharmacy, medical, and office areas.
Where is this mixed-use property located?
The property is located at 1006-8 W Lehigh Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: 5,700‑square‑foot building constructed in 1915; CMX2 zoning with a multi‑tenant commercial layout; First‑floor pharmacy configuration with office, storage, break room, and changing room
