1221-27 N 17th Street Philadelphia, PA 19121
Redevelopment site in Philadelphia's Francisville neighborhood.
Property Features for 1221-27 N 17th Street
General Information
- Standard status
- Active
- Size
- 14,646 SF
- Property subtype
- Mixed Use, Land, Special Purpose
Listing office MSC Retail (215) 883-7402
Listing date May 26, 2026
Source Crexi
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 MSC Retail
Investment Insights
Based on property information with market context.
Key Highlights
- Located in a Federal Opportunity Zone and qualifies for Philadelphia's 10‑year tax abatement, offering significant financial incentives.
- Prime redevelopment site in Francisville, a highly active residential and mixed‑use submarket of Philadelphia.
- Existing 17,000 SF former convent is well‑suited for adaptive reuse, featuring a reinforced concrete frame, three stair towers, and a full elevator.
Local Financial Insights For Mixed Use
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 | $316.4k | $21.60 |
| − Vacancy | −$38.0k | −$2.59 |
| EGI | $278.4k | $19.01 |
| − OpEx | −$104.4k | −$7.13 |
| NOI | $174.0k | $11.88 |
