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Corner Mixed-Use Building with Apartment

PHILADELPHIA, PA 19139 Philadelphia, PA 19139

Claim this Listing
For Sale
$425,000

SINGLE_FAMILY - PHILADELPHIA, PA

Property size:
1,800 SF
Price / SF:
$236/SF
Added:
Jun 5, 2026
Days on Market:
36
Last Refresh:
Jul 10 at 11:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
1,800 SF

Building Details

Year built
1920

Listing agent Mohammed Ullah

Listing office BHHS Fox & Roach Newtown Square Home Marketing PA

Listing date Jun 5, 2026

MLS# PAPH2630860

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

For sale: a corner mixed-use building in Philadelphia, PA offering about 1,800 square feet total. The first floor provides approximately 1,200 square feet of commercial space and is currently vacant and move-in ready. The second floor has its own separate entrance and is arranged as a 2-bedroom apartment with a living room, dining area, and kitchen. A full basement adds practical storage and utility area for both occupants.

Set at 5400 Spruce Street on a prominent corner, the property is positioned for visibility and convenient access, supporting business and day-to-day living in the same structure.

This configuration can work well for an owner-operator who wants to operate a business on the first floor while using the apartment upstairs, or for an investor looking for rental income from the residential unit alongside commercial space. With the commercial area available now and the apartment’s separate entry, the building offers operational flexibility for a range of retail and service concepts and traditional residential tenancy.

Key Highlights

  • Corner mixed‑use building with commercial space on the first floor and a 2‑bedroom apartment on the second floor
  • Approximately 1,200 SF first‑floor commercial space is currently vacant
  • Second‑floor apartment has a separate entrance and includes a living room, dining area, and kitchen

Local Financial Insights For Specialty 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 $37.8k $21.00
− Vacancy −$3.0k −$1.68
EGI $34.8k $19.32
− OpEx −$8.7k −$4.83
NOI $26.1k $14.49
1,800 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$372.6K
$326.0K – $434.7K (±1% cap)
NOI $26,082 @ 7.0% cap · market cap 6.14%
Second Best
Mixed Use
$305.5K
$267.3K – $356.4K (±1% cap)
NOI $21,384 @ 7.0% cap · market cap 5.03%
Theoretical Best
Multifamily LT 5
$438.8K
$384.0K – $512.0K (±1% cap)
NOI $30,717 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Retail space

FAQs

What type of property is this?
Mixed-use property - Vacant first-floor retail space plus a separate-entry 2-bedroom apartment with basement storage for flexible use.
Where is this mixed-use property located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Corner mixed‑use building with commercial space on the first floor and a 2‑bedroom apartment on the second floor; Approximately 1,200 SF first‑floor commercial space is currently vacant; Second‑floor apartment has a separate entrance and includes a living room, dining area, and kitchen
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