Redeveloped Commercial Building Near
1855 5TH Street N Philadelphia, PA 19122
For Sale
$2,000,000
Commercial Sale - PHILADELPHIA, PA
Property Size10,756 SF
Lot Size0.13 Acres
Price / SF$185.94
Days on Market245
Property Features for 1855 5TH Street N
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking features
- On Street
- Standard status
- Active
- Size
- 10,756 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Building materials
- Combination
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Jon M O'Shea · License #ab069634
(267) 780-3419
Added: Nov 24, 2025
Changed: Jun 9
Last Checked: Jul 27 at 7:06AM
MLS# PAPH2562320
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a fully redeveloped 10,756 square foot commercial building located at 1847-1855 N 5th St in Philadelphia. Originally a warehouse, the property underwent a complete renovation in 2020, featuring new electrical, plumbing, HVAC systems, and modern finishes. The property is currently built out as a two-story gym, making it suitable for fitness, wellness, flex, or creative industrial uses. The building is situated on a 5,452 square foot lot in a rapidly evolving corridor near Fishtown and Temple University. The zoning is ICMX.
Key Highlights
- Fully redeveloped in 2020 with new electrical, plumbing, HVAC, and modern finishes.
- Turnkey two‑story gym, ideal for fitness, wellness, flex, or creative industrial use.
- Located in a rapidly evolving corridor near Fishtown and Temple University.
Financial Insights For Flex RnD
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 | $193.6k | $18.00 |
| − Vacancy | −$19.4k | −$1.80 |
| EGI | $174.2k | $16.20 |
| − OpEx | −$61.0k | −$5.67 |
| NOI | $113.3k | $10.53 |
10,756 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.62M
$1.42M – $1.89M
NOI $113,261 @ 7.0% cap · market cap 5.66%
Second Best
Industrial
$1.13M
$987.1K – $1.32M
NOI $78,966 @ 7.0% cap · market cap 3.95%
Theoretical Best
Multifamily LT 5
$2.62M
$2.29M – $3.06M
NOI $183,550 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stay Fly Muay ...
Gym & Fitness Center
365 Fitness & Boxing ...
Gym & Fitness Center
Freedom Construction INC
Construction Company
Similar Off Market Nearby
- gBody Fitness — 930 N 8th St, Philadelphia, PA 19123
- CLUB HOUSE GYM LLC — 1201 N 3rd St #304, Philadelphia, PA 19122
- CKO Kickboxing Northern Liberties — 1150 N American St, Philadelphia, PA 19123
- Atavis Kennedy Fitness — 930 N 8th St, Philadelphia, PA 19123
- Pridefit Training — 416 W Girard Ave, Philadelphia, PA 19123
FAQs
What type of property is this?
Fitness center & gym - Turnkey, renovated commercial building near Fishtown and Temple University.
Where is this fitness center & gym located?
The property is located at 1855 5TH Street N Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Fully redeveloped in 2020 with new electrical, plumbing, HVAC, and modern finishes.; Turnkey two‑story gym, ideal for fitness, wellness, flex, or creative industrial use.; Located in a rapidly evolving corridor near Fishtown and Temple University.
