Mixed-Use Building in Washington
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238 S 11TH STREET FIRST FLOOR, Philadelphia, PA 19107
Four-story mixed-use building with three units in Philadelphia.
Property Size3,616 SF
Price / SF$0.97
Days on Market196
Property Features for 238 S 11TH STREET FIRST FLOOR
General Information
Standard status
Active
Size
3,616 SF
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
A La Carte Realty LLC
(610) 664-2400
Listed By:
Jill Fratto · License #RB068060
(215) 834-7337
Source:
Cummingsrealtors
Added: Apr 10
Changed: Oct 21
Last Checked: Oct 20 at 9:29PM
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 A La Carte Realty LLC
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Investment Insights
Based on property information with market context.
Located in Washington Square West, this four-story mixed-use building offers an opportunity for investors and owner-users. Zoned CMX-1, the property consists of three units. The first floor, currently operating as a hair salon, features high ceilings, natural light, a private entrance, and a large unfinished basement with access to a rear, private outdoor space. The second floor is a one-bedroom apartment with natural light and original details. The third and fourth floors comprise a bi-level three-bedroom, two-bath apartment with hardwood floors and access to a large, sunny, private deck. All units have newer HVAC systems and windows and are currently leased on a month-to-month basis. The property is located in Philadelphia, within MLS Area 19107 and the School District of Philadelphia.
Key Highlights
- Prime location in the heart of Washington Square West.
- Mixed‑use property with three units offering flexibility and income potential.
- CMX‑1 zoning provides strong flexibility for various business and residential uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,958
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,160
$859.2K
Cap Rate 7%
$613,686
$613.7K
Cap Rate 9%
$477,311
$477.3K
Market Conditions
NOI Build-Up for 3,616 SF
Gross rent
$78.1K $21.60/SF
− Vacancy
−$9.4K −$2.59/SF
EGI
$68.7K $19.01/SF
− OpEx
−$25.8K −$7.13/SF
NOI
$43.0K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$859,160
Cap Rate 7%
$613,686
Cap Rate 9%
$477,311
Alternative Uses
Best Use
Mixed Use
$613.7K
$537.0K – $716.0K
NOI $42,958 @ 7.0% cap · market cap 1,227.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$881.5K
$771.3K – $1.03M
NOI $61,707 @ 7.0% cap · market cap 1,763.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
25,174
Businesses Nearby
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Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use building with three units in Philadelphia.
Where is this mixed-use property located?
The property is located at 238 S 11TH STREET FIRST FLOOR Philadelphia, PA.
What are key features of this property?
This property features: Prime location in the heart of Washington Square West.; Mixed‑use property with three units offering flexibility and income potential.; CMX‑1 zoning provides strong flexibility for various business and residential uses.
