Corner Mixed-Use
1072 N FRONT STREET, Philadelphia, PA 19123
For Sale
New
$595,000
A ground-floor commercial suite sits beneath two renovated apartments, with separate electric service for the property.
Property Size2,808 SF
Price / SF$211.89
Days on Market3
Property Features for 1072 N FRONT STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Corner Location
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
separate electric service
Building Details
Year Built
Buildings
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Jim Onesti · License PA RS224457L
(484) 429-6769
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:15PM
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.
At 1072 N Front Street, a ground-level commercial space is paired with two residential apartments on the upper floors. Each apartment has two bedrooms and two full bathrooms, along with updated kitchens featuring stainless steel appliances and quartz countertops. The building dates to 2022, measures 2,808 square feet, and has separate electric service and a tax abatement.
The corner property is in Philadelphia’s Northern Liberties neighborhood, near The Piazza and The Fillmore. Public transportation, restaurants, cafes, shops, and entertainment venues are nearby.
The corner property is in Philadelphia’s Northern Liberties neighborhood, near The Piazza and The Fillmore. Public transportation, restaurants, cafes, shops, and entertainment venues are nearby.
Key Highlights
- Corner mixed‑use property with ground‑floor commercial space and two upper‑floor apartments
- Two residential units, each with 2 bedrooms and 2 full bathrooms
- 2,808 square feet; built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,359
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,180
$667.2K
Cap Rate 7%
$476,557
$476.6K
Cap Rate 9%
$370,656
$370.7K
Market Conditions
NOI Build-Up for 2,808 SF
Gross rent
$60.7K $21.60/SF
− Vacancy
−$7.3K −$2.59/SF
EGI
$53.4K $19.01/SF
− OpEx
−$20.0K −$7.13/SF
NOI
$33.4K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,180
Cap Rate 7%
$476,557
Cap Rate 9%
$370,656
Alternative Uses
Best Use
Mixed Use
$476.6K
$417.0K – $556.0K
NOI $33,359 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$684.5K
$599.0K – $798.6K
NOI $47,918 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,858
Businesses Nearby
Explore this area
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
$544,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor commercial suite sits beneath two renovated apartments, with separate electric service for the property.
Where is this mixed-use property located?
The property is located at 1072 N FRONT STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Corner mixed‑use property with ground‑floor commercial space and two upper‑floor apartments; Two residential units, each with 2 bedrooms and 2 full bathrooms; 2,808 square feet; built in 2022
