Mixed-Use Building with
1724 S 7TH STREET Philadelphia, PA 19148
For Sale
$1,490,000
Former temple/prayer center with office and warehouse space plus an attached three-story building with rental income.
Property Size6,480 SF
Price / SF$229.94
Days on Market11
Property Features for 1724 S 7TH STREET
General Information
Standard status
Active
Size
6,480 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
EXIT Elevate Realty
(267) 307-6347
Listed By:
Alex Lam · License #2439536
(267) 307-6347
Source:
Cummingsrealtors
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 29 at 5:03AM
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 EXIT Elevate Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a former temple/prayer center featuring office and warehouse space, offering a versatile configuration for a range of potential uses (subject to zoning and required approvals). The offering also includes an attached three-story mixed-use building currently generating rental income.
In the attached building, a neighborhood bodega occupies the first floor, with two well-sized residential units above. Each apartment is described as having two bedrooms and one bathroom.
The property is zoned CMX-1 and is presented for sale as a flexible, combined mixed-use setup. The public remarks also note convenient access to public transportation, major roadways, and nearby shopping, dining, and neighborhood amenities.
In the attached building, a neighborhood bodega occupies the first floor, with two well-sized residential units above. Each apartment is described as having two bedrooms and one bathroom.
The property is zoned CMX-1 and is presented for sale as a flexible, combined mixed-use setup. The public remarks also note convenient access to public transportation, major roadways, and nearby shopping, dining, and neighborhood amenities.
Key Highlights
- Year built 1920 former temple/prayer center with office and warehouse space
- CMX‑1 zoned mixed‑use property at 1724‑34 S 7th Street
- Attached three‑story building includes a neighborhood bodega on the first floor
Financial Insights For Multifamily LT 5
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 | $167.2k | $25.80 |
| − Vacancy | −$9.2k | −$1.42 |
| EGI | $158.0k | $24.38 |
| − OpEx | −$47.4k | −$7.31 |
| NOI | $110.6k | $17.06 |
6,480 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,581 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$1.46M
$1.27M – $1.70M
NOI $101,927 @ 7.0% cap · market cap 6.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Former temple/prayer center with office and warehouse space plus an attached three-story building with rental income.
Where is this mixed-use property located?
The property is located at 1724 S 7TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Year built 1920 former temple/prayer center with office and warehouse space; CMX‑1 zoned mixed‑use property at 1724‑34 S 7th Street; Attached three‑story building includes a neighborhood bodega on the first floor
