Mixed-Use Property with Retail
949 S 9th St, Philadelphia, PA 19147
For Sale
$325,000
CMX-2 zoning supports commercial activity below and potential residential use on the upper floors.
Property Size1,800 SF
Price / SF$180.56
Days on Market32
Property Features for 949 S 9th St
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Stefania A Zuccarini · License PA RS291853
(215) 485-2015
Source:
Premierehomegroup
Added: Oct 9
Changed: Nov 9
Last Checked: Nov 8 at 12:40PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
Built in 1915, this Philadelphia property has commercial space at street level and upper floors that may be converted to residential use. Its mixed-use configuration pairs a ground-floor business opportunity with the potential for housing above.
The property is on South 9th Street in the Italian Market area. It may be acquired on its own or together with 947 S. 9th St. CMX-2 zoning applies.
The property is on South 9th Street in the Italian Market area. It may be acquired on its own or together with 947 S. 9th St. CMX-2 zoning applies.
Key Highlights
- Street‑level commercial space with upper floors offering potential for residential conversion
- Zoned CMX‑2
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,384
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,680
$427.7K
Cap Rate 7%
$305,486
$305.5K
Cap Rate 9%
$237,600
$237.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$38.9K $21.60/SF
− Vacancy
−$4.7K −$2.59/SF
EGI
$34.2K $19.01/SF
− OpEx
−$12.8K −$7.13/SF
NOI
$21.4K $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%
$427,680
Cap Rate 7%
$305,486
Cap Rate 9%
$237,600
Alternative Uses
Best Use
Mixed Use
$305.5K
$267.3K – $356.4K
NOI $21,384 @ 7.0% cap · market cap 6.58%
Second Best
Retail
$290.6K
$254.3K – $339.1K
NOI $20,344 @ 7.0% cap · market cap 6.26%
Theoretical Best
Multifamily LT 5
$438.8K
$384.0K – $512.0K
NOI $30,717 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
6,626
Businesses Nearby
114k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 28%
Dining 13%
Electronics 1%
Whole Foods Market
Groceries
37,607 visits/mo
0.3 miles
ACME Markets
Groceries
20,427 visits/mo
0.3 miles
Sunoco
Shops & Services
16,488 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,824 visits/mo
0.3 miles
Fine Wine & Good Spirits
Groceries
7,090 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
$524,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - CMX-2 zoning supports commercial activity below and potential residential use on the upper floors.
Where is this mixed-use property located?
The property is located at 949 S 9th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Street‑level commercial space with upper floors offering potential for residential conversion; Zoned CMX‑2; Built in 1915
