Mixed-Use Building with Vacant Commercial
For Sale
$1,095,000
210 S 45th St, Philadelphia, PA 19104
Two residential units accompany the ground-floor commercial premises, which are currently unoccupied.
Property Size4,010 SF
Days on Market14
Property Features for 210 S 45th St
General Information
Standard status
Active
Size
4,010 SF
Property subtype
Mixed-Use
Building Details
Building Size
4,010 SF
Year Built
1935
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia Bilynsky · License #RS311101
(267) 546-1718
Source:
Mpnrealty
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 12 at 5:54PM
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 Mallin Panchelli Nadel Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use building brings together one commercial space and two residential units: a three-bedroom, two-bathroom apartment and a four-bedroom, three-bathroom apartment. The commercial portion is vacant. A comprehensive renovation completed in 2017 addressed the building’s systems, roof, flooring, kitchens, and bathrooms. The property was built in 1935.
The building is in University City, with access to the University of Pennsylvania, Drexel University, and Center City. Its combination of commercial and residential space is reflected in the three-unit configuration.
The building is in University City, with access to the University of Pennsylvania, Drexel University, and Center City. Its combination of commercial and residential space is reflected in the three-unit configuration.
Key Highlights
- One commercial space, currently vacant
- Two residential units: one with 3 bedrooms and 2 bathrooms; one with 4 bedrooms and 3 bathrooms
- Renovation in 2017 included systems, roof, flooring, kitchens, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,075
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,500
$1.3M
Cap Rate 7%
$901,071
$901.1K
Cap Rate 9%
$700,833
$700.8K
Market Conditions
NOI Build-Up for 4,010 SF
Gross rent
$121.7K $30.36/SF
− Vacancy
−$7.1K −$1.76/SF
EGI
$114.7K $28.60/SF
− OpEx
−$51.6K −$12.87/SF
NOI
$63.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,261,500
Cap Rate 7%
$901,071
Cap Rate 9%
$700,833
Alternative Uses
Best Use
Apartment 5plus
$901.1K
$788.4K – $1.05M
NOI $63,075 @ 7.0% cap · market cap 5.76%
Second Best
Mixed Use
$680.6K
$595.5K – $794.0K
NOI $47,639 @ 7.0% cap · market cap 4.35%
Theoretical Best
Multifamily LT 5
$977.6K
$855.4K – $1.14M
NOI $68,430 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
2,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units accompany the ground-floor commercial premises, which are currently unoccupied.
Where is this mixed-use property located?
The property is located at 210 S 45th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: One commercial space, currently vacant; Two residential units: one with 3 bedrooms and 2 bathrooms; one with 4 bedrooms and 3 bathrooms; Renovation in 2017 included systems, roof, flooring, kitchens, and bathrooms
