Mixed-Use Development Site with
For Sale
$340,000
1437-39 Point Breeze Avenue, Philadelphia, PA 19146
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 Market240
Property Features for 1437-39 Point Breeze Avenue
General Information
Standard status
Active
Size
1,853 SF
Property subtype
Commercial
Zoning
CMX2
Site & Location
Neighborhood
South Philadelphia
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$2,224
Amenities
Natural Gas
Yes
No
Public
S30
16.00 x 70.00
0.03
Assessor
On Street
1853.00
31780.00
Building Details
Year Built
1915
Listing Agency:
Coldwell Banker Realty
(856) 222-0077
Listed By:
Tyler Mecca
Source:
Thetristaterealestategroup
Added: Feb 26
Changed: Oct 5
Last Checked: Oct 23 at 6:12AM
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 Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$29,147
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,940
$582.9K
Cap Rate 7%
$416,386
$416.4K
Cap Rate 9%
$323,856
$323.9K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$56.3K $30.36/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$53.0K $28.60/SF
− OpEx
−$23.8K −$12.87/SF
NOI
$29.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,940
Cap Rate 7%
$416,386
Cap Rate 9%
$323,856
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,586
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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)
