Corner Mixed-Use
5600 Thomas Avenue, Philadelphia, PA 19143
Turnkey corner mixed-use property with renovated ground-floor commercial space and two updated residential apartments.
Type:Mixed Use
Property size:
1,860 SFPrice / SF:
$311/SF- Added:
- Jun 9, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 24 at 2:39 am
Property Features for 5600 Thomas Avenue
General Information
- Standard status
- Active
- Size
- 1,860 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing office Mango & August Inc (215) 485-8907
Listing date Jun 9, 2026
Source Xome
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 Mango & August Inc
HighLights
- Corner mixed‑use property zoned CMX2 with renovated ground‑floor commercial space and 2 updated residential apartments
- Ground‑level commercial includes a full bath and central AC, plus electric heat and separate electric hot‑water
- 2 residential apartments with open‑concept floor plans and kitchens; contemporary finishes and updated bathrooms
- Each apartment is set up with laundry facilities and has separate electric service with individual electrical panels
- Residential units use gas forced air heat and have separate heating and hot‑water systems
- Lot measures 17.00 x 81.00; on‑street parking; year built 1920; no pool
Overview
Completely renovated corner mixed-use property featuring a ground-level commercial space and two spacious residential apartments. The commercial level is designed for straightforward operation, with a full bath, central A/C, electric heat, and separate electric hot-water service. The upper floors provide open-concept floor plans with two kitchens, updated cabinetry, attractive countertops, and modern finishes. Bathrooms include contemporary tile work, elegant vanities, and quality fixtures. Both residential units are set up with laundry facilities, and the first-floor apartment includes a rear deck.
The property is identified as CMX2 zoned and positioned on a corner, supporting a mix of commercial and residential uses. The configuration includes separate utilities, with each unit having its own electric service and individual electrical panels, along with separate heating and hot-water systems.
This layout suits an owner-operator looking to combine a retail or professional service presence below with residential income above, or an investor seeking a renovated mixed-use asset with clearly separated services. The commercial space’s bath and HVAC systems support a range of tenant types, including retail, office, salon, or other professional services, depending on the user’s needs within the CMX2 framework.
The property is identified as CMX2 zoned and positioned on a corner, supporting a mix of commercial and residential uses. The configuration includes separate utilities, with each unit having its own electric service and individual electrical panels, along with separate heating and hot-water systems.
This layout suits an owner-operator looking to combine a retail or professional service presence below with residential income above, or an investor seeking a renovated mixed-use asset with clearly separated services. The commercial space’s bath and HVAC systems support a range of tenant types, including retail, office, salon, or other professional services, depending on the user’s needs within the CMX2 framework.
Local Financial Insights For Office B
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 | $52.7k | $28.32 |
| − Vacancy | −$7.4k | −$3.96 |
| EGI | $45.3k | $24.36 |
| − OpEx | −$11.3k | −$6.09 |
| NOI | $34.0k | $18.27 |
1,860 SF · lease $28.32/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$485.4K
$424.7K – $566.3K
NOI $33,976 @ 7.0% cap · market cap 5.86%
Second Best
Retail
$463.1K
$405.3K – $540.3K
NOI $32,420 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$637.5K
$557.8K – $743.8K
NOI $44,626 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.23395
- Latitude
- 39.944116
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Turnkey corner mixed-use property with renovated ground-floor commercial space and two updated residential apartments.
Where is this mixed-use property located?
The property is located at 5600 Thomas Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Corner mixed‑use property zoned CMX2 with renovated ground‑floor commercial space and 2 updated residential apartments; Ground‑level commercial includes a full bath and central AC, plus electric heat and separate electric hot‑water; 2 residential apartments with open‑concept floor plans and kitchens; contemporary finishes and updated bathrooms
