Mixed-Use Corner
274 S 20th Street Philadelphia, PA 19103
274 S 20th Street, Philadelphia, PA, 19103
$1,449,900
For Sale
$1,449,900
Corner building with vacant restaurant/kitchen space on the first two floors plus a lower level, and a 3BR/1BA apartment.
Property Size2,800 SF
Price / SF$517.82
Days on Market58
Property Features for 274 S 20th Street
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1800
Listing agency
Compass RE
(267) 625-5700
Listed by
Jaiden Makhoul
(267) 625-5700
Source
Xome
Added: May 26 Updated: Jul 21 at 1:50PM Checked: Jul 22 at 3:52AM
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 Compass RE
Investment Insights
Based on property information with market context.
274 S 20th Street is a mixed-use corner property at 20th & Spruce featuring vacant commercial space and a residential unit at the upper level. The first and second floors, along with a lower level, are configured as a commercial kitchen and restaurant space delivered vacant at settlement. The third floor provides a 3BR/1BA apartment with hardwood floors, also delivered vacant at closing.
The building is described as one block from Rittenhouse Square and within walking distance to Center City, 30th Street and Suburban Stations, and Schuylkill River Park. The listing also notes the possibility of acquiring the property directly next door, subject to terms available through the listing agent.
The commercial space is referenced in the listing as previously leased under CMX-5 zoning, with a high-visibility corner location. Vacant delivery on both commercial and residential components is positioned to support an owner-operator or repositioning approach under CMX-5 zoning.
The building is described as one block from Rittenhouse Square and within walking distance to Center City, 30th Street and Suburban Stations, and Schuylkill River Park. The listing also notes the possibility of acquiring the property directly next door, subject to terms available through the listing agent.
The commercial space is referenced in the listing as previously leased under CMX-5 zoning, with a high-visibility corner location. Vacant delivery on both commercial and residential components is positioned to support an owner-operator or repositioning approach under CMX-5 zoning.
Key Highlights
- Corner mixed‑use building at 274 S 20th on the corner of 20th & Spruce, one block from Rittenhouse Square
- First and second floors plus lower level offer a commercial kitchen and restaurant space, delivered vacant at settlement
- Third floor includes a 3BR/1BA apartment with hardwood floors, delivered vacant at closing
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 | $85.0k | $30.36 |
| − Vacancy | −$4.9k | −$1.76 |
| EGI | $80.1k | $28.60 |
| − OpEx | −$36.0k | −$12.87 |
| NOI | $44.0k | $15.73 |
2,800 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$629.2K
$550.5K – $734.1K
NOI $44,043 @ 7.0% cap · market cap 3.04%
Second Best
Specialty Retail
$579.6K
$507.2K – $676.2K
NOI $40,572 @ 7.0% cap · market cap 2.80%
Theoretical Best
Multifamily LT 5
$682.6K
$597.3K – $796.4K
NOI $47,782 @ 7.0% cap · market cap 3.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Square on Square Contemporary ...
Restaurant
Heng Feng Rittenhouse
Restaurant
Pho Mi and Beyond
Restaurant
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FAQs
What type of property is this?
Mixed-use property - Corner building with vacant restaurant/kitchen space on the first two floors plus a lower level, and a 3BR/1BA apartment.
Where is this mixed-use property located?
The property is located at 274 S 20th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,449,900.
What are key features of this property?
This property features: Corner mixed‑use building at 274 S 20th on the corner of 20th & Spruce, one block from Rittenhouse Square; First and second floors plus lower level offer a commercial kitchen and restaurant space, delivered vacant at settlement; Third floor includes a 3BR/1BA apartment with hardwood floors, delivered vacant at closing
