Corner Mixed-Use Building
1414 South 5th Street Philadelphia, PA 19147
1414 South 5th Street, Philadelphia, PA, 19147
$399,900
For Sale
$399,900
Three-story corner property in shell condition with two entrances, high ceilings, and commercial office space on the first floor.
Property Size2,000 SF
Price / SF$199.95
Days on Market499
Property Features for 1414 South 5th Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agency
BHHS Fox & Roach-Center City Walnut
(215) 266-1537
Listed by
Patrick M Conway · License #RS217990L
(215) 266-1537
Source
Compass
Added: Mar 10, 2025 Updated: Jul 20 at 5:14PM Checked: Jul 21 at 6:46AM
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 BHHS Fox & Roach-Center City Walnut
Investment Insights
Based on property information with market context.
This three-story corner property at 1414 South 5th Street is offered in shell condition and features high ceilings, abundant windows, and two separate entrances. The first floor is configured for commercial use with a spacious commercial office, a large greeting room, oversized front and side windows, a powder room, two bonus rooms, and a sizeable rear yard for outdoor use.
The second and third floors provide a flexible, blank-canvas layout with high ceilings and numerous windows, currently unfinished and ready for tenant-specific buildout. A basement level with high ceilings and flexible space includes existing mechanicals.
The property is zoned CMX1 for commercial mixed use. It is located in Philadelphia within the MLS area 19147, with nearby community amenities including restaurants, cafes, and parks and playgrounds, and El Fuerte de Loreto as a neighbor.
The second and third floors provide a flexible, blank-canvas layout with high ceilings and numerous windows, currently unfinished and ready for tenant-specific buildout. A basement level with high ceilings and flexible space includes existing mechanicals.
The property is zoned CMX1 for commercial mixed use. It is located in Philadelphia within the MLS area 19147, with nearby community amenities including restaurants, cafes, and parks and playgrounds, and El Fuerte de Loreto as a neighbor.
Key Highlights
- 3‑story corner property in shell condition with high ceilings and a large amount of natural light
- Commercial first floor includes a spacious commercial office, large greeting room, powder room, and two bonus rooms
- First floor has oversized front and side windows plus a sizeable rear yard for outdoor use
Local 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 | $60.7k | $30.36 |
| − Vacancy | −$3.5k | −$1.76 |
| EGI | $57.2k | $28.60 |
| − OpEx | −$25.7k | −$12.87 |
| NOI | $31.5k | $15.73 |
2,000 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,459 @ 7.0% cap · market cap 7.87%
Second Best
Office B
$376.0K
$329.0K – $438.7K
NOI $26,319 @ 7.0% cap · market cap 6.58%
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kron Brian OD
Physician
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FAQs
What type of property is this?
Office units - Three-story corner property in shell condition with two entrances, high ceilings, and commercial office space on the first floor.
Where is this office units located?
The property is located at 1414 South 5th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3‑story corner property in shell condition with high ceilings and a large amount of natural light; Commercial first floor includes a spacious commercial office, large greeting room, powder room, and two bonus rooms; First floor has oversized front and side windows plus a sizeable rear yard for outdoor use
