Five-Story Mixed-Use
For Sale
$1,900,000
153-59 W Jefferson Street, Philadelphia, PA 19122
Historic industrial space with a courtyard, RSA-5 zoning, and a documented precedent for six residential units.
Property Size14,750 SF
Lot Size0.15 Acres
Price / SF$128.81
Days on Market90
Property Features for 153-59 W Jefferson Street
General Information
Standard status
Active
Size
14,750 SF
Lot size
0.15 Acres
Property subtype
Commercial
Zoning
RSA5
Additional Details
Asking Price
$2,890,000
Taxes and HOA fees
Annual Taxes
$10,826
Amenities
Other
Yes
No
Public
G70
83.00 x 79.00
0.15
Assessor
0.00
154680.00
Building Details
Year Built
1920
Buildings
1
Stories
5
Building Size
14,750 SF
Listing Agency:
Coldwell Banker Commercial
(856) 222-0077
Listed By:
Christopher Twardy · License #1540241
(609) 304-2314
Source:
Thetristaterealestategroup
Added: Jul 20
Changed: Oct 7
Last Checked: Oct 16 at 7:27AM
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 Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-story property is a historic industrial building with 14,750 SF of interior area on a 6,574 SF lot. A large courtyard adds open-air space, while the building’s original industrial identity and architectural character support consideration of a substantial repositioning or reuse plan. The property formerly operated as a coffin factory.
Located at 153–59 W Jefferson St in Philadelphia, the site is currently zoned RSA-5. Any multifamily or mixed-use redevelopment would require a variance. Six prior residential units provide an established precedent relevant to future planning discussions. The building is classified as a mixed-use property and presents a sizable urban structure with existing historic character and a distinctive courtyard configuration.
Located at 153–59 W Jefferson St in Philadelphia, the site is currently zoned RSA-5. Any multifamily or mixed-use redevelopment would require a variance. Six prior residential units provide an established precedent relevant to future planning discussions. The building is classified as a mixed-use property and presents a sizable urban structure with existing historic character and a distinctive courtyard configuration.
Key Highlights
- 14,750 SF five‑story building on a 6,574 SF lot
- Large courtyard included with the property
- Historic industrial building with distinctive architectural character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,289
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,165,780
$2.2M
Cap Rate 7%
$1,546,986
$1.5M
Cap Rate 9%
$1,203,211
$1.2M
Market Conditions
NOI Build-Up for 14,750 SF
Gross rent
$168.2K $11.40/SF
− Vacancy
−$13.5K −$0.91/SF
EGI
$154.7K $10.49/SF
− OpEx
−$46.4K −$3.15/SF
NOI
$108.3K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,165,780
Cap Rate 7%
$1,546,986
Cap Rate 9%
$1,203,211
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.24M
NOI $194,103 @ 7.0% cap · market cap 10.22%
Second Best
Mixed Use
$2.50M
$2.19M – $2.92M
NOI $175,230 @ 7.0% cap · market cap 9.22%
Theoretical Best
Multifamily LT 5
$3.60M
$3.15M – $4.20M
NOI $251,707 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,337
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic industrial space with a courtyard, RSA-5 zoning, and a documented precedent for six residential units.
Where is this mixed-use property located?
The property is located at 153-59 W Jefferson Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 14,750 SF five‑story building on a 6,574 SF lot; Large courtyard included with the property; Historic industrial building with distinctive architectural character
