Mixed-Use Development Site with
1437-39 Point Breeze Avenue Philadelphia, PA 19146
For Sale
$340,000
Approved plans and permits are in place for a mixed-use project with six residential units and ground-floor retail.
Property Size1,853 SF
Price / SF$183.49
Days on Market150
Property Features for 1437-39 Point Breeze Avenue
General Information
- Standard status
- Active
- Size
- 1,853 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1915
Listing Agency:
OCF Realty LLC - Philadelphia
(856) 222-0077
Listed By:
Tyler Mecca
Source:
Thetristaterealestategroup
Added: Feb 26
Changed: Jul 25
Last Checked: Jul 25 at 11:42AM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
This development site is positioned for a modern mixed-use project with approved plans and permits. The proposed building would include six residential units above a spacious ground-floor commercial space, creating a combination of income-producing residential and retail use within the same structure.
The property is described as being located along the Point Breeze commercial corridor on a high-visibility block, with easy access to Center City and public transit. The surrounding area is also characterized by a local mix of cafes and parks, supporting an active neighborhood setting.
For developers looking for a “shovel-ready” path to construction, the site’s entitlement status and mixed-use configuration are central considerations.
The property is described as being located along the Point Breeze commercial corridor on a high-visibility block, with easy access to Center City and public transit. The surrounding area is also characterized by a local mix of cafes and parks, supporting an active neighborhood setting.
For developers looking for a “shovel-ready” path to construction, the site’s entitlement status and mixed-use configuration are central considerations.
Key Highlights
- Approved plans and permits for a mixed‑use development with 6 residential units and ground‑floor commercial space
- Single building area of 1,853 SF on a 0.03‑acre lot (16.00 x 70.00) per Assessor
- Natural gas hot water and natural gas heating (heating available)
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 | $56.3k | $30.36 |
| − Vacancy | −$3.3k | −$1.76 |
| EGI | $53.0k | $28.60 |
| − OpEx | −$23.8k | −$12.87 |
| NOI | $29.1k | $15.73 |
1,853 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$416.4K
$364.3K – $485.8K
NOI $29,147 @ 7.0% cap · market cap 8.57%
Second Best
Mixed Use
$314.5K
$275.2K – $366.9K
NOI $22,014 @ 7.0% cap · market cap 6.47%
Theoretical Best
Multifamily LT 5
$451.7K
$395.3K – $527.0K
NOI $31,621 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - Approved plans and permits are in place for a mixed-use project with six residential units and ground-floor retail.
Where is this mixed-use property located?
The property is located at 1437-39 Point Breeze Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Approved plans and permits for a mixed‑use development with 6 residential units and ground‑floor commercial space; Single building area of 1,853 SF on a 0.03‑acre lot (16.00 x 70.00) per Assessor; Natural gas hot water and natural gas heating (heating available)
