Live-Work Redevelopment
For Sale
$899,000
1209-11 Mifflin Street, Philadelphia, PA 19148
Flexible live-work building offers 2,820 SF for renovation, repositioning, or redevelopment near major South Philadelphia routes.
Property Size2,820 SF
Lot Size0.03 Acres
Price / SF$318.79
Days on Market94
Property Features for 1209-11 Mifflin Street
General Information
Standard status
Active
Size
2,820 SF
Lot size
0.03 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,820 SF
Listing Agency:
Binswanger Real Estate
Listed By:
Christopher Pennington · License #5006286
(267) 808-8322
Source:
Binswanger
Added: Jul 22
Changed: Oct 11
Last Checked: Oct 20 at 5:42PM
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 Binswanger Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale live-work property presents a flexible building configuration that can accommodate a range of commercial, residential, creative, or mixed-use concepts. At 2,820 SF on 0.03 acres, the existing structure offers a foundation for a buyer looking to renovate, reposition, or redevelop the site.
The property is located about 300 feet off Passyunk Avenue, 0.2 miles from S. Broad Street, and within short driving distance of I-76, I-95, and I-676. Its South Philadelphia location places it near neighborhood retail and dining amenities and provides convenient access to Broad Street, public transit, Center City, and major commuter routes.
For owner-users and builders, the asset’s adaptable layout and redevelopment-ready nature make it well-suited for a hands-on approach to restoring and aligning the space with a specific operating plan.
The property is located about 300 feet off Passyunk Avenue, 0.2 miles from S. Broad Street, and within short driving distance of I-76, I-95, and I-676. Its South Philadelphia location places it near neighborhood retail and dining amenities and provides convenient access to Broad Street, public transit, Center City, and major commuter routes.
For owner-users and builders, the asset’s adaptable layout and redevelopment-ready nature make it well-suited for a hands-on approach to restoring and aligning the space with a specific operating plan.
Key Highlights
- 2,820 SF for sale on 0.03 AC with an existing structure for renovation, repositioning, or redevelopment
- About 0.3 mile off Passyunk Avenue, and roughly 0.2 miles from S. Broad Street
- Convenient to major routes: ~1.3 miles to I‑76, ~1.4 miles to I‑95, and ~2.5 miles to I‑676
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,110
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,200
$742.2K
Cap Rate 7%
$530,143
$530.1K
Cap Rate 9%
$412,333
$412.3K
Market Conditions
NOI Build-Up for 2,820 SF
Gross rent
$61.9K $21.96/SF
− Vacancy
−$12.4K −$4.41/SF
EGI
$49.5K $17.55/SF
− OpEx
−$12.4K −$4.39/SF
NOI
$37.1K $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%
$742,200
Cap Rate 7%
$530,143
Cap Rate 9%
$412,333
Alternative Uses
Best Use
Office B
$530.1K
$463.9K – $618.5K
NOI $37,110 @ 7.0% cap · market cap 4.13%
Second Best
Mixed Use
$478.6K
$418.8K – $558.4K
NOI $33,502 @ 7.0% cap · market cap 3.73%
Theoretical Best
Multifamily LT 5
$687.5K
$601.5K – $802.1K
NOI $48,123 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,026
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible live-work building offers 2,820 SF for renovation, repositioning, or redevelopment near major South Philadelphia routes.
Where is this live-work space located?
The property is located at 1209-11 Mifflin Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,820 SF for sale on 0.03 AC with an existing structure for renovation, repositioning, or redevelopment; About 0.3 mile off Passyunk Avenue, and roughly 0.2 miles from S. Broad Street; Convenient to major routes: ~1.3 miles to I‑76, ~1.4 miles to I‑95, and ~2.5 miles to I‑676
