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Mixed-Use Storefront With Apartment
For Sale
Contact for pricing
Pending

1851 S 16Th Street, Philadelphia, PA 19145

Corner commercial property with a retail level and separately accessed residential floors.

Property SizeContact for details
Days on Market149

Property Features for 1851 S 16Th Street

General Information

Standard status Pending
Property subtype Retail

Site & Location

Corner Location Yes
Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 1

Building Details

Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Philly Real Estate
Listed By: Xia Zhao · License #PA
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 6 at 11:40AM

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 Philly Real Estate

Investment Insights

Based on property information with market context.

This mixed-use building combines a ground-floor retail storefront with a two-level apartment above. The retail space has operated since 2008, and the property includes cigarette, hot food, and lottery licenses. The upper residence is arranged across the second and third floors, with a living room and kitchen, one bedroom, and one full bathroom on the second floor, plus two bedrooms and one bathroom on the third floor.

Separate entrances and utilities serve the commercial and residential portions. The building occupies a corner at South 16th Street and Mifflin Street, with Broad Street nearby. Its layout supports an owner-user configuration or separate commercial and residential occupancy.

Key Highlights

  • Ground‑floor retail space operating since 2008
  • Two‑level apartment with 3 bedrooms and 2 full bathrooms
  • Separate entrances and utilities for commercial and residential areas

Property Analytics

Current Use

Newbold Market Grocery & Convenience Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Tech Support Center 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
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,713
Businesses Nearby
79k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 77% Dining 18% Electronics 2% Apparel 2%
Citizens Bank Shops & Services
16,632 visits/mo 0.2 miles
TD Bank Shops & Services
14,055 visits/mo 0.3 miles
Lukoil Shops & Services
12,912 visits/mo 0.5 miles
Wells Fargo Shops & Services
8,249 visits/mo 0.4 miles
Starbucks Dining
4,908 visits/mo 0.3 miles

Demographics for 19145, PA

47,079
Population
21,295
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
4.8 sq mi
ZIP Area
9,808
Density / Sq Mi
$70,374
Median Household Income
$45,940
Median Earnings
$1,343
Median Rent
$290,100
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?
Mixed-use property - Corner commercial property with a retail level and separately accessed residential floors.
Where is this mixed-use property located?
The property is located at 1851 S 16Th Street Philadelphia, PA.
What are key features of this property?
This property features: Ground‑floor retail space operating since 2008; Two‑level apartment with 3 bedrooms and 2 full bathrooms; Separate entrances and utilities for commercial and residential areas
More about this property
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