Mixed-Use Building with Dental
New
For Sale
$550,000
5950-52 Spruce Street, Philadelphia, PA 19139
Two upstairs apartments complement the commercial space, with a detached garage offering covered parking and storage.
Property Size2,592 SF
Days on Market2
Property Features for 5950-52 Spruce Street
General Information
Standard status
Active
Size
2,592 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
RM1
Site & Location
Neighborhood
West Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Office Units
1
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Property Use
Dental Office
Medical Specialty
dental
Taxes and HOA fees
Annual Taxes
$2,901
Amenities
central air
Other
Multi-tank
Yes
Natural Gas
2
Assessor
1
No Pool
Public
0.07
No
Additional Storage Area,Covered Parking
On Street,Detached Garage
Concrete Perimeter
41400.00
Building Details
Building Size
2,592 SF
Year Built
1925
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Anthony Jenkins Jr. · License #RS354169
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:25AM
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 KW Empower
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a street-level dental practice with two apartments on the floor above. The commercial area has central air conditioning, four operating rooms, and a flexible layout. The current setup may also suit medical, dental, professional-office, or other commercial functions. The apartments comprise one two-bedroom unit and one three-bedroom unit.
A detached two-car garage provides covered parking and additional storage. The property is near the 60th Street commercial corridor, with public transportation and neighborhood businesses nearby. University City and Center City are also identified as accessible destinations.
A detached two-car garage provides covered parking and additional storage. The property is near the 60th Street commercial corridor, with public transportation and neighborhood businesses nearby. University City and Center City are also identified as accessible destinations.
Key Highlights
- First‑floor commercial space currently operates as a dental practice
- Four operating rooms and central air conditioning
- Two upstairs apartments: one two‑bedroom unit and one three‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,771
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,420
$815.4K
Cap Rate 7%
$582,443
$582.4K
Cap Rate 9%
$453,011
$453.0K
Market Conditions
NOI Build-Up for 2,592 SF
Gross rent
$78.7K $30.36/SF
− Vacancy
−$4.6K −$1.76/SF
EGI
$74.1K $28.60/SF
− OpEx
−$33.4K −$12.87/SF
NOI
$40.8K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,420
Cap Rate 7%
$582,443
Cap Rate 9%
$453,011
Alternative Uses
Best Use
Apartment 5plus
$582.4K
$509.6K – $679.5K
NOI $40,771 @ 7.0% cap · market cap 7.41%
Second Best
Office B
$487.3K
$426.4K – $568.5K
NOI $34,110 @ 7.0% cap · market cap 6.20%
Theoretical Best
Multifamily LT 5
$631.9K
$552.9K – $737.2K
NOI $44,232 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs apartments complement the commercial space, with a detached garage offering covered parking and storage.
Where is this mixed-use property located?
The property is located at 5950-52 Spruce Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: First‑floor commercial space currently operates as a dental practice; Four operating rooms and central air conditioning; Two upstairs apartments: one two‑bedroom unit and one three‑bedroom unit
