7,550 SF CMX-2.5 Assemblage | Northern Liberties
7,550 SF CMX-2.5 Assemblage - Northern Liberties
Marketing description
This offering presents a rare opportunity to acquire two contiguous CMX-2.5 zoned properties in the heart of Northern Liberties, combining stabilized income with long-term flexibility.
The portfolio includes the mixed-use commercial building at 209–215 Fairmount Avenue and the adjoining parcel at 705 N American Street, together providing a 7,550 SF combined footprint — a scale increasingly difficult to assemble in the neighborhood.
The property is leased through December 31, 2026 and produced $228,998 in total income in 2025. After full operating expenses, including property taxes, the asset generates approximately $203,500 in Net Operating Income, representing a 5.8% cap rate at the offering price.
The existing lease term provides stable income while a buyer evaluates long-term plans and pursues planning or entitlement work, with a defined transition point at the end of 2026.
The tenant has expressed interest in renewing; however, any future lease extension would be subject to negotiation with the new owner. This structure provides flexibility for continued income stabilization or repositioning following the current lease term.
Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. Virtual access available via 3D tour. 1st Floor and Basement 2nd floor
View more images and interactive floorplans at: Photo/Floor plan website
Investment highlights
Assemblage Overview
• 7,550 SF Contiguous Assemblage
• Two Parcels: 209–215 Fairmount Avenue & 705 N American Street
• CMX-2.5 Zoning – Mixed-Use Development Potential
• Located in Northern Liberties
• Income in Place Through 12/31/2026
• Defined Transition Timeline for Repositioning or Redevelopment
209–215 Fairmount Avenue (Primary Building)
• Grand Second-Story Theatre Hall with Open-Span Volume
• Preserved Theatre-Era Allegorical Ceiling Panels
• 18’ Pressed Metal Ceilings with Decorative Cornice Detailing (Main Level)
• Original Interior Woodwork and Architectural Detailing
• Hardwood Flooring on Upper Level
• Full-Building Basement with 10’+ Ceiling Height
• Significant Ceiling Volume Rare for Buildings of This Era
• Adaptive Reuse or Conversion Potential
705 N American Street (Contiguous Parcel)
• Vacant Paved Lot (Separate Parcel)
• Secondary Access
• Enhances Assemblage Scale and Site Configuration Flexibility
Investment Profile
• $203,500 NOI
• 5.8% Cap Rate at $3,500,000
• Lease Through 12/31/2026
• Tenant Has Expressed Interest in Renewal (Subject to Negotiation)
• Income Carry During Planning and Entitlements
Listing Contacts
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