Philadelphia Flex Property For
1400-18 South Front Street Philadelphia, PA 19147
1400-18 South Front Street, Philadelphia, PA, 19147
$3,360,000
For Sale
$3,360,000
Single-tenant flex property in Philadelphia with a strong tenant.
Property Size14,180 SF
Price / SF$236.95
Days on Market241
Property Features for 1400-18 South Front Street
General Information
- Standard status
- Active
- Size
- 14,180 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1930
Listing Agency
Metro Commercial - PA
(917) 842-1899
Listed by
Michael Gorman
(917) 842-1899
Source
Metrocommercial
Added: Nov 21, 2025 Updated: Jul 6 at 8:33 am Checked: Jul 20 at 3:00 am
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 Metro Commercial - PA
Investment Insights
Based on property information with market context.
This single-tenant flex property is strategically located in Philadelphia. The property features a predominantly single-story design with a partial second floor, providing additional office and storage space. The tenant, Rhubarb Hospitality Collection (RHC), operates under a triple-net (NNN) lease with over four years of term remaining and 3% annual rental escalations. The tenant has operated within this location for over 10 years. The property has a maximum ceiling height of 16 feet and features three loading doors, including one drive-in door and two dock-high doors. The zoning is classified as I-2, Medium Industrial, with 12% of the flex property being office space and the remainder warehouse space. The property is situated at the corner of Front Street and Reed Street, offering visibility and accessibility within the Pennsport neighborhood. The surrounding area is experiencing redevelopment, with multiple projects underway, including two mixed-use residential developments totaling more than 300 units and a 32,000 square foot LIDL grocery store slated for delivery within two years. The location benefits from regional connectivity, being seconds from I-95 with over 119,200 vehicles per day, and within two miles of I-676 and I-76, providing access to an additional 294,000 daily vehicles. The property size is 14,180 square feet.
Key Highlights
- NNN lease with Rhubarb Hospitality Collection provides stable, hands‑off income.
- Strategic location in a densely populated, affluent Philadelphia trade area with high household incomes.
- Excellent regional connectivity: seconds from I‑95 and within two miles of I‑676 and I‑76.
Local Financial Insights For Flex RnD
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 | $255.2k | $18.00 |
| − Vacancy | −$25.5k | −$1.80 |
| EGI | $229.7k | $16.20 |
| − OpEx | −$80.4k | −$5.67 |
| NOI | $149.3k | $10.53 |
14,180 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.13M
$1.87M – $2.49M
NOI $149,315 @ 7.0% cap · market cap 4.44%
Second Best
Warehouse
$2.07M
$1.81M – $2.42M
NOI $145,041 @ 7.0% cap · market cap 4.32%
Theoretical Best
Multifamily LT 5
$3.46M
$3.02M – $4.03M
NOI $241,980 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Di Bruno Bros. Catering — 435 Fairmount Ave, Philadelphia, PA 19123
- 1st & Fresh Catering — 1626 n american st, philadelphia, pa 19122
- Muncheez chicken — 14 W Girard Ave, Philadelphia, PA 19123
- Puerco Loco — 1445 N American St, Philadelphia, PA 19122
- It's a CupCake! Sweet & Savory Boutique — Philadelphia, PA 19123
FAQs
What type of property is this?
Flex space - Single-tenant flex property in Philadelphia with a strong tenant.
Where is this flex space located?
The property is located at 1400-18 South Front Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,360,000.
What are key features of this property?
This property features: NNN lease with Rhubarb Hospitality Collection provides stable, hands‑off income.; Strategic location in a densely populated, affluent Philadelphia trade area with high household incomes.; Excellent regional connectivity: seconds from I‑95 and within two miles of I‑676 and I‑76.
