Remodeled Mixed-Use
For Sale
$539,000
2747 S 7th St, Philadelphia, PA 19148
Updated commercial space with a bi-level apartment, separate electric panels, and flexible first-floor retail potential.
Property Size1,654 SF
Price / SF$325.88
Days on Market47
Property Features for 2747 S 7th St
General Information
Standard status
Active
Size
1,654 SF
Site & Location
Neighborhood
South Philadelphia
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Better Homes and Gardens Real Estate - Maturo PA
Listed By:
Keith R Squires
(856) 466-4958
Source:
Riverfoxrealty
Added: Sep 14
Changed: Oct 26
Last Checked: Oct 5 at 7:51PM
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 Better Homes and Gardens Real Estate - Maturo PA
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Investment Insights
Based on property information with market context.
This remodeled mixed-use building combines commercial space on the first floor with a bi-level two-bedroom apartment above. The property has undergone a comprehensive renovation that includes new electrical systems, separate electric panels, updated appliances, contemporary finishes, and an open apartment layout. The commercial level can accommodate uses such as a retail shop, beauty salon, barbershop, or boutique, subject to applicable requirements.
The property is located in South Philadelphia at 2747 S 7TH ST, approximately 1.1 miles from Citizens Bank Park and 0.8 miles from the Live! Hotel & Casino. The surrounding area includes neighborhood foot traffic, public transportation, major highways, dining, and entertainment venues. The configuration supports an owner-occupant arrangement or separate residential rental use above the commercial space.
The property is located in South Philadelphia at 2747 S 7TH ST, approximately 1.1 miles from Citizens Bank Park and 0.8 miles from the Live! Hotel & Casino. The surrounding area includes neighborhood foot traffic, public transportation, major highways, dining, and entertainment venues. The configuration supports an owner-occupant arrangement or separate residential rental use above the commercial space.
Key Highlights
- Renovated mixed‑use building with commercial space and a bi‑level 2‑bedroom apartment
- New electrical systems with separate electric panels for the commercial and residential areas
- Updated apartment includes new appliances, contemporary finishes, and an open layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,650
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,000
$393.0K
Cap Rate 7%
$280,714
$280.7K
Cap Rate 9%
$218,333
$218.3K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$35.7K $21.60/SF
− Vacancy
−$4.3K −$2.59/SF
EGI
$31.4K $19.01/SF
− OpEx
−$11.8K −$7.13/SF
NOI
$19.6K $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%
$393,000
Cap Rate 7%
$280,714
Cap Rate 9%
$218,333
Alternative Uses
Best Use
Mixed Use
$280.7K
$245.6K – $327.5K
NOI $19,650 @ 7.0% cap · market cap 3.65%
Second Best
Retail
$267.1K
$233.7K – $311.6K
NOI $18,694 @ 7.0% cap · market cap 3.47%
Theoretical Best
Multifamily LT 5
$403.2K
$352.8K – $470.4K
NOI $28,225 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,792
Businesses Nearby
249k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 29%
Shops & Services 25%
Groceries 21%
Dining 21%
ShopRite
Groceries
52,654 visits/mo
0.3 miles
Burlington
Apparel
35,573 visits/mo
0.2 miles
McDonald's
Dining
29,276 visits/mo
0.5 miles
Ross Dress for Less
Apparel
24,388 visits/mo
0.3 miles
Dunkin' Donuts
Dining
16,164 visits/mo
0.2 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Updated commercial space with a bi-level apartment, separate electric panels, and flexible first-floor retail potential.
Where is this mixed-use property located?
The property is located at 2747 S 7th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Renovated mixed‑use building with commercial space and a bi‑level 2‑bedroom apartment; New electrical systems with separate electric panels for the commercial and residential areas; Updated apartment includes new appliances, contemporary finishes, and an open layout
