Redeveloped Commercial Building Near Fishtown

1855 5TH Street N, Philadelphia, PA 19122

View on Map

For Sale

$2,000,000

Commercial Sale - PHILADELPHIA, PA

Type:Retail

Property size:

10,756 SF

Lot size:

0.13 Acres

Price / SF:

$185/SF

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.
Zoned ICMX, offering flexible usage options.
10,756 SF commercial building.
Priced at $186/SF.

We can help!

Listing Contact

Jon M O'Shea

Learn more

For Sale

$2,000,000

Commercial Sale - PHILADELPHIA, PA

Type:Retail

Property size:

10,756 SF

Lot size:

0.13 Acres

Price / SF:

$185/SF

Added:: Nov 24, 2025
Days on Market:: 200
Last Refresh:: Jun 12 at 3:06 am

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

We can help!

Listing Contact

Jon M O'Shea

Listing agent Jon M O'Shea License #ab069634

Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA

Listing date Nov 24, 2025

MLS# PAPH2562320

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.
Zoned ICMX, offering flexible usage options.
10,756 SF commercial building.
Priced at $186/SF.

Overview

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.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $113,261 @ 7.0% cap · market cap 5.66%

Second Best

Industrial

$1.13M

$987.1K – $1.32M (±1% cap)

NOI $78,966 @ 7.0% cap · market cap 3.95%

Theoretical Best

Multifamily LT 5

$2.62M

$2.29M – $3.06M (±1% cap)

NOI $183,550 @ 7.0% cap · market cap 9.18%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Stay Fly Muay ... Gym & Fitness Center 365 Fitness & Boxing ... Gym & Fitness Center Freedom Construction INC Construction Company

Suggested Use

Similar Places Nearby

Body Is THE TEMPLE — 2647 S Beulah St 2nd flr, Philadelphia, PA 19148
Be Well with Beth — 1901 S. 9th Street Bok, Building, room 508, Philadelphia, PA 19148
The Unconventional Yogi, LLC — 428 Snyder Ave, Philadelphia, PA 19148
Royal Striking Muay Thai — 910 McKean St, Philadelphia, PA 19148
Hansjörg Wyss Wellness Center — 1902 S 8th St, Philadelphia, PA 19148

Location Insight

Map
Local Demand

City: Philadelphia
County: Delaware
State: Pennsylvania
Longitude: -75.14297
Latitude: 39.97905

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For sale
Fitness centers & gyms
PA
Philadelphia
19122
1855 5TH Street N

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.

1855 5TH Street N, Philadelphia, PA 19122

Commercial Sale - PHILADELPHIA, PA

Property Features for 1855 5TH Street N

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Freestanding Commercial Building in Philadelphia

Freestanding Office Building on Corner

Restaurant Opportunity in Philadelphia, PA

Medical Office Building For Sale

Iconic East Falls Cornerstone Building

Industrial Garage-Style Property Package

Mixed-Use Brownstone with Storefront

Prime Philadelphia Retail Opportunity

Germantown Avenue Mixed-Use Opportunity

Turnkey Three-Story Building with Elevator

Triplex with Central Air Units

Turnkey Triplex with Tax Abatement

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