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    Mixed-Use Property in East Kensington Title is generated by Realmo AI

    2557 AMBER STREET, Philadelphia, PA 19125

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    Claim this Listing
    For Sale
    Under Contract
    $749,000

    CommercialSale - PHILADELPHIA, PA

    Property size:
    3,609 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $207/SF
    Added:
    Mar 12, 2026
    Days on Market:
    91
    Last Refresh:
    Jun 10 at 2:06 pm

    Property Features for 2557 AMBER STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Size
    3,609 SF
    Lot size
    0.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4798

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1875
    Number of units
    3
    Flooring type
    Brick, Tile, Wood
    Architectural style
    Other

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    Listing Contact
    Marc Hammarberg
    Marc Hammarberg

    Listing agent Marc Hammarberg

    Listing office BHHS Fox & Roach At the Harper Rittenhouse Square 112 S 19th Street, Suite 200, PA

    Listing date Mar 12, 2026

    MLS# PAPH2593408 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing property with long‑term NNN lease through 2030, option to renew through 2035, with 3% yearly increases.
    • Prime location in the high‑growth East Kensington/Fishtown area, along Frankford Avenue's Business Corridor.
    • Large 28' x 75' footprint and CMX2 mixed‑use zoning offer significant development potential.
    • Two fully‑leased, loft‑style apartments on the 2nd and 3rd floors with strong rental history, leased through September and December 2026, respectively.
    • First‑floor commercial space fully renovated in 2019, including ADA‑compliant access, new HVAC, kitchen, and modern finishes.
    • Apartments feature hardwood floors, in‑unit laundry, central air, modern kitchens and baths, and large windows for abundant natural light.

    Overview

    Located in East Kensington / Fishtown, 2557 Amber Street is an income-producing asset situated along Frankford Avenue's business corridor. The property benefits from its location amidst new construction and businesses. It features a 28' x 75' footprint, mixed-use CMX2 zoning, and Philadelphia architectural character. The first-floor commercial space and facade were renovated in 2019, including commercial windows and doors, new water and electrical service, an ADA-compliant entrance ramp and customer bathroom, new HVAC, kitchen, and retail area with modern finishes. The commercial space is occupied by Casa Borinquea Restaurant under a NNN lease through 2030, with a tenant option to renew through 2035. The commercial lease includes 3% yearly increases. The second and third levels each contain a full-floor loft-style apartment, featuring hardwood floors, in-unit laundry, central air, modern kitchens and baths, and large windows. Both units have a rental history and are leased through September 2026 (Unit 2) and December 2026 (Unit 3). The property has a size of 3609 square feet and a lot size of 0.03 acres.

    Local Financial Insights For Apartment 5plus

    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 $109.6k $30.36
    − Vacancy −$6.4k −$1.76
    EGI $103.2k $28.60
    − OpEx −$46.4k −$12.87
    NOI $56.8k $15.73
    3,609 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $811.0K
    $709.6K – $946.1K (±1% cap)
    NOI $56,768 @ 7.0% cap · market cap 7.58%
    Second Best
    Specialty Retail
    $747.1K
    $653.7K – $871.6K (±1% cap)
    NOI $52,294 @ 7.0% cap · market cap 6.98%
    Theoretical Best
    Multifamily LT 5
    $879.8K
    $769.8K – $1.03M (±1% cap)
    NOI $61,587 @ 7.0% cap · market cap 8.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hello Donuts + Coffee Bakery

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.12444
    Latitude
    39.98445

    FAQs

    What type of property is this?
    Mixed-use property - Income-producing property near Frankford Avenue with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 2557 AMBER STREET Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Income‑producing property with long‑term NNN lease through 2030, option to renew through 2035, with 3% yearly increases.; Prime location in the high‑growth East Kensington/Fishtown area, along Frankford Avenue's Business Corridor.; Large 28' x 75' footprint and CMX2 mixed‑use zoning offer significant development potential.
    More about this property
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