Mixed-Use Property with
For Sale
$550,000
616 S 6th St, Philadelphia, PA 19147
Fully occupied configuration includes a commercial space and a bi-level residential apartment.
Property Size2,112 SF
Days on Market48
Property Features for 616 S 6th St
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Mixed-Use
Building Details
Building Size
2,112 SF
Year Built
1905
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia Bilynsky · License #RS311101
(267) 546-1718
Source:
Mpnrealty
Added: Sep 5
Changed: Oct 15
Last Checked: Oct 20 at 6:03PM
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 Mallin Panchelli Nadel Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1905, this CMX-2 mixed-use property contains one commercial space and one bi-level apartment with two bedrooms and 1.5 baths. Each component is self-contained, and the building is fully occupied. A new lease has been executed for the commercial space with a Tea Room.
The property is located in Queen Village at 616 S 6th St, Philadelphia, PA 19147. Across the street, a former church has been converted into an apartment complex with parking. Nearby businesses include Redcrest Kitchen, Emmy Squared Pizza, and Saloon Restaurant.
The property is located in Queen Village at 616 S 6th St, Philadelphia, PA 19147. Across the street, a former church has been converted into an apartment complex with parking. Nearby businesses include Redcrest Kitchen, Emmy Squared Pizza, and Saloon Restaurant.
Key Highlights
- CMX‑2‑zoned mixed‑use property in Queen Village
- Built in 1905 and fully occupied
- One commercial space plus one bi‑level apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,091
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$501,820
$501.8K
Cap Rate 7%
$358,443
$358.4K
Cap Rate 9%
$278,789
$278.8K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$45.6K $21.60/SF
− Vacancy
−$5.5K −$2.59/SF
EGI
$40.1K $19.01/SF
− OpEx
−$15.1K −$7.13/SF
NOI
$25.1K $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%
$501,820
Cap Rate 7%
$358,443
Cap Rate 9%
$278,789
Alternative Uses
Best Use
Mixed Use
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 4.56%
Second Best
Retail
$341.0K
$298.4K – $397.8K
NOI $23,870 @ 7.0% cap · market cap 4.34%
Theoretical Best
Multifamily LT 5
$514.9K
$450.5K – $600.7K
NOI $36,041 @ 7.0% cap · market cap 6.55%
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
10,003
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 64%
Shops & Services 22%
Dining 13%
Electronics 1%
Whole Foods Market
Groceries
37,607 visits/mo
0.3 miles
ACME Markets
Groceries
20,427 visits/mo
0.4 miles
Sunoco
Shops & Services
16,488 visits/mo
0.5 miles
ACME Markets
Groceries
12,615 visits/mo
0.3 miles
Kung Fu Tea
Dining
7,072 visits/mo
0.4 miles
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied configuration includes a commercial space and a bi-level residential apartment.
Where is this mixed-use property located?
The property is located at 616 S 6th St 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: CMX‑2‑zoned mixed‑use property in Queen Village; Built in 1905 and fully occupied; One commercial space plus one bi‑level apartment
