Philadelphia Multi-Tenant Investment
1801 N American St, Philadelphia, PA 19122
Call to check price and availability
Multi-tenant property in Philadelphia's Norris Square neighborhood.
Type:Industrial, Mixed Use, Retail
Property size:
80,000 SFPrice / SF:
$162/SF- Added:
- Jan 25, 2026
- Days on Market:
- 160
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1801 N American St
General Information
- Standard status
- Active
- Size
- 80,000 SF
- Property subtype
- Industrial, Mixed Use, Retail
Building Details
- Year Built
- 1988
Listing office Equity CRE (484) 482-2544
Listing date Jan 25, 2026
Source Crexi
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 Equity CRE
HighLights
- Multi‑tenant property with three established tenants: Grocery Outlet, Kitchen & Bath Wholesale, and Provenance.
- Located in the growing Norris Square neighborhood, less than two miles from Center City Philadelphia.
- Benefits from significant foot traffic driven by new neighborhood developments (The Luxe and The Americana apartment complexes).
- Proximity to Fishtown and Northern Liberties, two of Philadelphia’s trendiest neighborhoods with substantial population growth.
- High traffic location on North American Street (4,486 vehicles per day).
- Surrounded by a large residential population (over 454,347 residents within a three‑mile radius).
Overview
This multi-tenant property is located in the Norris Square neighborhood of Philadelphia. The property is leased to three established tenants: Grocery Outlet, Kitchen & Bath Wholesale, and Provenance. Situated less than two miles from Center City Philadelphia, the property is located on North American Street, which experiences over 4,486 vehicles per day. The site benefits from foot traffic generated by new neighborhood developments, including The Luxe and The Americana apartment complexes, which together house approximately 206 units. The property is near Fishtown and Northern Liberties, two of Philadelphia’s trendiest neighborhoods, both of which have experienced substantial population growth over the past five years. Within a three-mile radius, the surrounding area is home to over 454,347 residents. The property size is 80000 square feet.
Local Financial Insights For Specialty Retail
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 | $1.68M | $21.00 |
| − Vacancy | −$134.4k | −$1.68 |
| EGI | $1.55M | $19.32 |
| − OpEx | −$386.4k | −$4.83 |
| NOI | $1.16M | $14.49 |
80,000 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$16.56M
$14.49M – $19.32M
NOI $1,159,200 @ 7.0% cap · market cap 8.92%
Second Best
Mixed Use
$13.58M
$11.88M – $15.84M
NOI $950,400 @ 7.0% cap · market cap 7.31%
Theoretical Best
Multifamily LT 5
$19.50M
$17.06M – $22.75M
NOI $1,365,192 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Dalin Property Management
Property Management Company
American Metal Moulding ...
Hardware & Home Improvement
Dalin Property Management, ...
Property Management Company
Provenance
Hardware & Home Improvement
Grocery Outlet
Specialty Food Shop
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.138578
- Latitude
- 39.978528
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Multi-tenant property in Philadelphia's Norris Square neighborhood.
Where is this mixed-use property located?
The property is located at 1801 N American St Philadelphia, PA.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Multi‑tenant property with **three established tenants**: Grocery Outlet, Kitchen & Bath Wholesale, and Provenance.; Located in the growing Norris Square neighborhood, less than two miles from Center City Philadelphia.; Benefits from significant foot traffic driven by new neighborhood developments (The Luxe and The Americana apartment complexes).
