Flexible CMX-2 Boxing Gym
840 E Atlantic Street Philadelphia, PA 19134
840 E Atlantic Street, Philadelphia, PA, 19134
$625,000
For Sale
$625,000
Configured as a fully equipped boxing gym within CMX-2 zoning, with multiple commercial use possibilities for a new operator.
Property Size4,700 SF
Price / SF$132.98
Days on Market304
Property Features for 840 E Atlantic Street
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1950
Listing agency
KW Empower
(267) 456-0448
Listed by
Carlos Masip · License #AB068852
(267) 456-0448
Source
Xome
Added: Sep 22, 2025 Updated: Jul 21 at 6:06AM Checked: Jul 22 at 3:50AM
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
Investment Insights
Based on property information with market context.
840 E Atlantic Street in Philadelphia, PA 19134 is a for-sale commercial property currently configured as a fully equipped boxing gym. The space is sized at approximately 4,700 SF and is set up for immediate fitness use, while also offering flexibility for other commercial concepts.
The property is identified as CMX-2 zoning and is described as suitable for repositioning or leasing with a range of potential uses, including retail, office, medical, or creative flex. The remarks also note the asset is located in an area with ongoing development and access to major corridors.
For owner-users, the existing boxing gym configuration supports an operator seeking a controllable, purpose-ready space. For investors, the zoning and property size/layout are presented as providing the ability to stabilize as an income-producing asset or transition to other permitted uses, repositioning, or redevelopment over time.
The property is identified as CMX-2 zoning and is described as suitable for repositioning or leasing with a range of potential uses, including retail, office, medical, or creative flex. The remarks also note the asset is located in an area with ongoing development and access to major corridors.
For owner-users, the existing boxing gym configuration supports an operator seeking a controllable, purpose-ready space. For investors, the zoning and property size/layout are presented as providing the ability to stabilize as an income-producing asset or transition to other permitted uses, repositioning, or redevelopment over time.
Key Highlights
- Approximately 4,700 SF building configured as a fully equipped boxing gym
- CMX‑2 zoning allows flexibility for a fitness operator or other commercial use types
- Central air cooling and heating system listed
Local Financial Insights For Retail
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 | $84.6k | $18.00 |
| − Vacancy | −$8.7k | −$1.85 |
| EGI | $75.9k | $16.15 |
| − OpEx | −$22.8k | −$4.84 |
| NOI | $53.1k | $11.30 |
4,700 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$758.9K
$664.0K – $885.3K
NOI $53,120 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,205 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
Similar Off Market Nearby
- Front Street Gym — 2076 E Clearfield St, Philadelphia, PA 19134
- Crossroads Treatment Center of Philadelphia, PA – Kensington — 2317 E Westmoreland St, Philadelphia, PA 19134
- Ivy Rehab Physical Therapy — 3400 Aramingo Ave SUITE 11, Philadelphia, PA 19134
- Joshua K. Rivera, ATC — 3300 aramingo ave, philadelphia, pa 19134
- NovaCare Rehabilitation - Port Richmond — 3300 Aramingo Ave Suite C-3, Philadelphia, PA 19134
FAQs
What type of property is this?
Fitness center & gym - Configured as a fully equipped boxing gym within CMX-2 zoning, with multiple commercial use possibilities for a new operator.
Where is this fitness center & gym located?
The property is located at 840 E Atlantic Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 4,700 SF building configured as a fully equipped boxing gym; CMX‑2 zoning allows flexibility for a fitness operator or other commercial use types; Central air cooling and heating system listed
