Philadelphia Flex Property For
1400 S Front St Philadelphia, PA
1400 S Front St, Philadelphia, PA, 00000
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For Sale
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Single-tenant flex property in Philadelphia with over four years remaining.
Property Size14,180 SF
Lot Size0.30 Acres
Price / SF$236.95
Days on Market254
Property Features for 1400 S Front St
General Information
- Standard status
- Active
- Size
- 14,180 SF
- Lot size
- 0.30 Acres
- Property subtype
- FLEX_R_AND_D
Listing Agency
Forged Real Estate
(610) 608-2621
Listed by
Marco DiPrinzio
(610) 608-2621
Source
Moodyscre
Added: Nov 6, 2025 Checked: Jul 17 at 5:00 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 Forged Real Estate
Investment Insights
Based on property information with market context.
The property is a single-tenant flex property located in Philadelphia. The building features a predominantly single-story design with a partial second floor that provides additional office and storage space. The property has a maximum ceiling height of 16 feet and includes three loading doors, consisting of 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 being warehouse space. The tenant has operated within this location for over 10 years. The property is situated at the corner of Front Street and Reed Street, offering visibility and accessibility within the Pennsport neighborhood of Philadelphia. 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 grocery store slated for delivery within two years. The property is located in a densely populated area with approximately 213,000 residents and 101,000 households within two miles, and average household incomes exceeding $135,000 within one mile. Regional connectivity is provided by proximity to I-95, I-676, and I-76. The property contains 14,180 square feet.
Key Highlights
- Stable Income Stream: Leased to Rhubarb Hospitality Collection with over 4 years remaining on a NNN lease and 3% annual rental escalations.
- Strategic Location: Situated at the corner of Front and Reed Street in Philadelphia's Pennsport neighborhood, offering excellent visibility and accessibility.
- High‑Growth Area: Located in a rapidly redeveloping area with multiple residential and commercial projects underway.
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
Brine Street Picklery
Food Processing Plant
Liberty Kitchen PHL
Food Market
Similar For Sale Nearby
Similar Off Market Nearby
- Chef Works — 234 queen st, philadelphia, pa 19147
- Brûlée Catering — 1406 S Front St, Philadelphia, PA 19147
- Mike The Cook Catering — Philadelphia, PA 19148
- Swan Caterers - Waterfall Room — 2015 S Water St, Philadelphia, PA 19148
- Philly Burrito Company — 947 federal st, philadelphia, pa 19147
FAQs
What type of property is this?
Flex space - Single-tenant flex property in Philadelphia with over four years remaining.
Where is this flex space located?
The property is located at 1400 S Front St 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: Stable Income Stream: Leased to Rhubarb Hospitality Collection with over 4 years remaining on a NNN lease and 3% annual rental escalations.; Strategic Location: Situated at the corner of Front and Reed Street in Philadelphia's Pennsport neighborhood, offering excellent visibility and accessibility.; High‑Growth Area: Located in a rapidly redeveloping area with multiple residential and commercial projects underway.
