Mixed-Use Building on Main
1016 Cottman Avenue, Philadelphia, PA 19111
Commercial and residential building with high traffic and income potential.
Type:Multi-Family / Fee Simple
Property size:
8,542 SFPrice / SF:
$196/SF- Added:
- Apr 11, 2021
- Days on Market:
- 1877
- Last Refresh:
- May 13 at 10:13 pm
Property Features for 1016 Cottman Avenue
General Information
- Standard status
- Active
- Size
- 8,542 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing agent Jie Chen License #RM424964 (215) 820-1621
Listing office Home Max Realty (215) 820-1621
Listing date Apr 11, 2021
Source Compass
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 Home Max Realty
HighLights
- High income‑producing investment property with $114,300 annual rental income and a cap rate of 6% or higher.
- Fully leased with long‑term tenants, ensuring steady income stream.
- Prime location on the main street with high traffic volume, close to a major intersection (Cottman & Oxford) and key landmarks (School, Asian Museum).
- Combination of 2 commercial spaces and 5 residential units (3 x 1‑bedroom, 2 x 2‑bedroom), totaling 8542 sqft.
- Separate gas meters, electric meters, and hot water heaters for each unit, with tenants paying their own utilities.
- Easy parking with front access plus a huge, free, private parking area in the rear.
Overview
This mixed-use building, totaling 8542 square feet, is located on a main street with high traffic volumes. It features two commercial spaces and five residential units, including three one-bedroom units and two two-bedroom units. The property is fully leased with long-term tenants. Each of the five residential units has individually separated entrances. The tenants are responsible for their own utility bills. The property includes separated gas meters, electric meters, and hot water heaters, as well as a gas boiler. Some units feature central A/C. There is easy parking in the front, plus a large private parking area in the rear. The property is located within walking distance of the intersection of Cottman Avenue and Oxford Avenue, across the street from a school, and near the Asian Museum. The annual rental income is $114,300. The property is located in the 19111 MLS Area, Philadelphia County. The school district is The School District of Philadelphia.
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 | $205.0k | $24.00 |
| − Vacancy | −$20.5k | −$2.40 |
| EGI | $184.5k | $21.60 |
| − OpEx | −$69.2k | −$8.10 |
| NOI | $115.3k | $13.50 |
8,542 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.65M
$1.44M – $1.92M
NOI $115,317 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,762 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,289 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Young With Options ...
Daycare Center
Prolific Young Treasures ...
Daycare Center
Tic Tac Nail ...
Nail Salon
Quality Time For Your ...
Daycare Center
Bruce Inc
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.0829857
- Latitude
- 40.0605663
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial and residential building with high traffic and income potential.
Where is this mixed-use property located?
The property is located at 1016 Cottman Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: High income‑producing investment property with $114,300 annual rental income and a cap rate of 6% or higher.; Fully leased with long‑term tenants, ensuring steady income stream.; **Prime location on the main street with high traffic volume, close to a major intersection (Cottman & Oxford) and key landmarks (School, Asian Museum).**
