Live-Work Redevelopment
1209-11 Mifflin Street Philadelphia, PA 19148
New
1209-11 Mifflin Street, Philadelphia, PA, 19148
$899,000
For Sale
$899,000
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 Market2
Property Features for 1209-11 Mifflin Street
General Information
- Standard status
- Active
- Size
- 2,820 SF
- Lot size
- 0.03 Acres
- Property subtype
- Industrial
Listing agency
Binswanger
(215) 448-6053
Listed by
Christopher Pennington · License #5006286
(215) 448-6053
Source
Thebrokerlist
Added: Jul 22 Updated: Jul 23 at 2:50AM Checked: Jul 23 at 2:50AM
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
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
Local Financial Insights For Office B
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 | $61.9k | $21.96 |
| − Vacancy | −$12.4k | −$4.41 |
| EGI | $49.5k | $17.55 |
| − OpEx | −$12.4k | −$4.39 |
| NOI | $37.1k | $13.16 |
2,820 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
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
