Second-Floor Creative
4047 CRESSON STREET, Philadelphia, PA 19127
For Sale
Contact for pricing
Flexible rear-unit space near Manayunk’s Main Street, restaurants, retail, transit, and surrounding residential areas.
Property Size1,500 SF
Price / SF$1.67
Days on Market55
Property Features for 4047 CRESSON STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Rocco Yedman · License PA #331366
(267) 391-5859
Source:
Cummingsrealtors
Added: Sep 21
Changed: Nov 12
Last Checked: Nov 12 at 7:53AM
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 Opus Elite Real Estate
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Investment Insights
Based on property information with market context.
The property includes approximately 1,500 SF of second-floor commercial space in a rear unit at 4047 Cresson Street. Built in 1940, the space was formerly used as a dance studio and offers a flexible layout for creative, fitness, wellness, or professional-service applications, subject to applicable approvals.
The property is positioned near Main Street Manayunk, with nearby restaurants, retail, public transportation, and surrounding residential neighborhoods. Prospective occupants should independently verify zoning, permitted uses, occupancy requirements, licensing, and any required municipal approvals.
The property is positioned near Main Street Manayunk, with nearby restaurants, retail, public transportation, and surrounding residential neighborhoods. Prospective occupants should independently verify zoning, permitted uses, occupancy requirements, licensing, and any required municipal approvals.
Key Highlights
- Approximately 1,500 SF of second‑floor commercial space
- Rear unit with a flexible interior layout
- Former dance studio configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,739
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,780
$394.8K
Cap Rate 7%
$281,986
$282.0K
Cap Rate 9%
$219,322
$219.3K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.9K $21.96/SF
− Vacancy
−$6.6K −$4.41/SF
EGI
$26.3K $17.55/SF
− OpEx
−$6.6K −$4.39/SF
NOI
$19.7K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,780
Cap Rate 7%
$281,986
Cap Rate 9%
$219,322
Alternative Uses
Best Use
Office B
$282.0K
$246.7K – $329.0K
NOI $19,739 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$365.7K
$320.0K – $426.6K
NOI $25,597 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
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Business Placement
Demographics for 19127, PA
6,929
Population
3,496
Households
2
Avg Household Size
29
Median Age
77%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
11,548
Density / Sq Mi
$99,792
Median Household Income
$73,061
Median Earnings
$1,765
Median Rent
$298,900
Median Home Value
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Market
Average Price Trend$/SF for Creative space in Philadelphia, PA
Properties on Market for Creative space in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Creative space - Flexible rear-unit space near Manayunk’s Main Street, restaurants, retail, transit, and surrounding residential areas.
Where is this creative space located?
The property is located at 4047 CRESSON STREET Philadelphia, PA.
What are key features of this property?
This property features: Approximately 1,500 SF of second‑floor commercial space; Rear unit with a flexible interior layout; Former dance studio configuration
