Mixed-Use Property with Roof
New
For Sale
$1,075,000
1120 SOUTH STREET, Philadelphia, PA 19147
CMX2-zoned property combines office space, a studio apartment, separate meters, and flexible multi-tenant configuration.
Property Size2,800 SF
Lot Size0.02 Acres
Price / SF$383.93
Days on Market2
Property Features for 1120 SOUTH STREET
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.02 Acres
Property subtype
Mixed Use
Zoning
CMX2
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x studio
Multifamily Units
1
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$8,591
Amenities
roof decks
conference room
kitchenette
lobby
Building Details
Building Size
2,795 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Coldwell Banker Realty
(484) 319-1993
Listed By:
Julie A Russell · License #RS307896
(484) 319-1993
Source:
Patmckennarealtors
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 7:34AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,800 square feet of finished interior space plus 525 square feet of exterior space on an extra-wide 16x60 lot. The basement through second floor are configured as office space, with a lobby facing South St, 15+ private and semi-private offices, a large conference room, kitchenette, storage, three half bathrooms including one ADA-compliant restroom, and multiple outdoor egress points. Separate meters, three-zone HVAC, spray foam insulation, security cameras, roll-down security doors, and a sprinkler system are among the building improvements.
The third floor is a studio apartment with natural light, high ceilings, laundry, closet space, gas cooking, stainless appliances, and access to two fiberglass roof decks with skyline views. The property is located at 1120 South Street in Philadelphia, near Philadelphia's Magic Gardens, the Italian Market, Whole Foods, and SEPTA transportation. I-95 and I-676 provide regional access, while the building's South Street frontage places it among boutiques, eateries, coffee shops, gyms, and dog parks.
The third floor is a studio apartment with natural light, high ceilings, laundry, closet space, gas cooking, stainless appliances, and access to two fiberglass roof decks with skyline views. The property is located at 1120 South Street in Philadelphia, near Philadelphia's Magic Gardens, the Italian Market, Whole Foods, and SEPTA transportation. I-95 and I-676 provide regional access, while the building's South Street frontage places it among boutiques, eateries, coffee shops, gyms, and dog parks.
Key Highlights
- 2,800 SF of finished interior space plus 525 SF of exterior space
- Extra‑wide 16x60 lot at 1120 South Street, Philadelphia, PA 19147
- CMX2 zoning with office and residential components
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.0k | $30.36 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $80.1k | $28.60 |
| − OpEx | −$36.0k | −$12.87 |
| NOI | $44.0k | $15.73 |
2,800 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$629.2K
$550.5K – $734.1K
NOI $44,043 @ 7.0% cap · market cap 4.10%
Second Best
Office B
$526.4K
$460.6K – $614.1K
NOI $36,847 @ 7.0% cap · market cap 3.43%
Theoretical Best
Multifamily LT 5
$682.6K
$597.3K – $796.4K
NOI $47,782 @ 7.0% cap · market cap 4.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX2-zoned property combines office space, a studio apartment, separate meters, and flexible multi-tenant configuration.
Where is this mixed-use property located?
The property is located at 1120 SOUTH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 2,800 SF of finished interior space plus 525 SF of exterior space; Extra‑wide 16x60 lot at 1120 South Street, Philadelphia, PA 19147; CMX2 zoning with office and residential components
