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    Redeveloped Commercial Building Near Fishtown

    1855 5TH Street N Philadelphia, PA 19122

    1855 5TH Street N, Philadelphia, PA, 19122
    $2,000,000
    For Sale
    Claim this Listing
    $2,000,000

    Commercial Sale - PHILADELPHIA, PA

    Property Size10,756 SF
    Lot Size0.13 Acres
    Price / SF$185.94
    AddedNov 24, 2025
    Days on Market234
    Last RefreshJul 16 at 2:06 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

    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

    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.

    Local 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 (±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.

    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

    Suggested Use

    Law Firm Real Estate Agency Nursing Home Nursing Home Hotel & Motel Carpet & Flooring Store Parking Lot & Garage (Bike/Boat/Book/etc) Store Tech Support Center (Bike/Boat/Book/etc) Store

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

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    Similar Off Market Nearby

    • Body Is THE TEMPLE — 2647 S Beulah St 2nd flr, Philadelphia, PA 19148
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    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.
    Contact an agent
    (267) 780-3419
    We can help!
    Contact an agent
    Jon M O'Shea
    Real Estate License ID: ab069634
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