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Mixed-Use Development Site with Building
For Sale
Contact for pricing
Pending

440 Diamond St, Philadelphia, PA 19122

Includes an existing mixed-use building and two adjacent commercial lots, all zoned CMX2 for mixed-use development.

Property SizeContact for details
Days on Market144

Property Features for 440 Diamond St

General Information

Standard status Pending
Property subtype Retail, Mixed Use
Zoning CMX2

Additional Details

Opportunity Zone Yes
Multifamily Units 1
Listing Agency: Jim Roche Real Estate
Listed By: Jim Roche · License #PA 223304
Source: Crexi
Added: Apr 11 Changed: Aug 14 Last Checked: Aug 31 at 8:06AM

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 Jim Roche Real Estate

Investment Insights

Based on property information with market context.

This for-sale development opportunity includes one existing mixed-use structure plus two side-by-side adjacent lots. The property at 440–442 Diamond St features a laundromat, a restaurant, and a residential unit above with 6+ bedrooms and 2 bathrooms.

The adjacent parcels at 444 Diamond St and 446–448 Diamond St round out the offering and are also zoned for commercial mixed-use development. All three parcels are zoned CMX2.

The existing configuration provides both income-producing space and residential use, with the adjacent lots offering the ability to pursue additional mixed-use development under CMX2 zoning, with the public remarks indicating potential for 9+ units.

Key Highlights

  • QOZ development opportunity with 1 existing structure plus 2 side‑by‑side commercial lots
  • All properties zoned CMX2 for commercial mixed‑use development
  • 440‑442 Diamond St includes a mixed‑use building with a Laundromat, restaurant, and 6+ bedroom/2 bathroom residential unit above

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm HVAC Service Travel Agency (Bike/Boat/Book/etc) Store Veterinary Clinic Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

2,067
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 86% Shops & Services 14%
Grocery Outlet Bargain Market Groceries
9,949 visits/mo 0.4 miles
CubeSmart Self Storage Shops & Services
1,571 visits/mo 0.5 miles

Demographics for 19122, PA

26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Includes an existing mixed-use building and two adjacent commercial lots, all zoned CMX2 for mixed-use development.
Where is this conventional restaurant located?
The property is located at 440 Diamond St Philadelphia, PA.
What are key features of this property?
This property features: QOZ development opportunity with 1 existing structure plus 2 side‑by‑side commercial lots; All properties zoned CMX2 for commercial mixed‑use development; 440‑442 Diamond St includes a mixed‑use building with a Laundromat, restaurant, and 6+ bedroom/2 bathroom residential unit above
More about this property
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