Mixed-Use Building with
1070 N FRONT STREET, Philadelphia, PA 19123
For Sale
New
$575,000
A private-entry commercial suite and full basement occupy the ground level beneath two residential units.
Property Size2,430 SF
Days on Market3
Property Features for 1070 N FRONT STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
KW Empower
Listed By:
Jim Onesti · License PA RS224457L
(484) 429-6769
Source:
Patmckennarealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:14PM
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 KW Empower
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Investment Insights
Based on property information with market context.
Built in 2022, this mixed-use property combines a ground-floor commercial space with two apartments above. The commercial area has its own entrance and access to a full basement. One apartment has 1 bedroom and 1 bathroom; the other offers 2 bedrooms and 1 full bathroom. Both feature updated kitchens with stainless steel appliances, tile backsplashes, and quartz countertops, and each has separate electric service. The property also has a tax abatement.
The building is on North Front Street in Philadelphia’s Northern Liberties neighborhood. Nearby destinations include The Piazza and The Fillmore, and public transportation is accessible from the area.
The building is on North Front Street in Philadelphia’s Northern Liberties neighborhood. Nearby destinations include The Piazza and The Fillmore, and public transportation is accessible from the area.
Key Highlights
- Ground‑floor commercial space with a private entrance and full basement access
- Two apartments: one with 1 bedroom and 1 bathroom, and one with 2 bedrooms and 1 full bathroom
- Updated apartment kitchens include stainless steel appliances, tile backsplashes, and quartz countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,223
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,460
$764.5K
Cap Rate 7%
$546,043
$546.0K
Cap Rate 9%
$424,700
$424.7K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$73.8K $30.36/SF
− Vacancy
−$4.3K −$1.76/SF
EGI
$69.5K $28.60/SF
− OpEx
−$31.3K −$12.87/SF
NOI
$38.2K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,460
Cap Rate 7%
$546,043
Cap Rate 9%
$424,700
Alternative Uses
Best Use
Apartment 5plus
$546.0K
$477.8K – $637.1K
NOI $38,223 @ 7.0% cap · market cap 6.65%
Second Best
Mixed Use
$412.4K
$360.9K – $481.1K
NOI $28,868 @ 7.0% cap · market cap 5.02%
Theoretical Best
Multifamily LT 5
$592.4K
$518.4K – $691.1K
NOI $41,468 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,858
Businesses Nearby
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Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A private-entry commercial suite and full basement occupy the ground level beneath two residential units.
Where is this mixed-use property located?
The property is located at 1070 N FRONT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Ground‑floor commercial space with a private entrance and full basement access; Two apartments: one with 1 bedroom and 1 bathroom, and one with 2 bedrooms and 1 full bathroom; Updated apartment kitchens include stainless steel appliances, tile backsplashes, and quartz countertops
