239 S 10TH ST Philadelphia PA 19107

Equity CRE is proud to present the opportunity to purchase 239-41 S 10th St. Positioned in the heart of Washington Square West, one of Philadelphia’s most energetic and walkable retail corridors, this property presents a rare opportunity to acquire a fully stabilized, trophy retail condominium just steps from Thomas Jefferson University Hospital and Walnut Street. This ±2,800 SF street-level retail asset is 100% leased to a high-performing tenant, Cloudline Physical Therapy, on a long-term triple net lease through 2031, ensuring steady, predictable income with virtually no landlord responsibilities. The asset sits in a dense, mixed-use pocket of Center City, surrounded by medical, residential, and hospitality demand — a proven formula for sustained foot traffic and rent growth.

Boasting CMX-2 zoning, the property combines strong in-place cash flow with future redevelopment potential in one of Philadelphia’s highest-intensity mixed-use districts. The surrounding neighborhood’s transformation, driven by institutional investment and urban lifestyle demand, continues to push retail rents and property values upward.

For investors seeking a turnkey, low-maintenance retail asset with secure cash flow and unmatched location fundamentals, 239–41 S 10th Street stands out as a best-in-class opportunity in Center City’s thriving core.

Stabilized NNN Retail Investment: 100% leased through 2031 with renewal options, providing long-term, predictable cash flow and minimal landlord obligations under a true triple-net structure.

Proven Retail Corridor: Retail rents in the Washington Square West and Market East submarket average $35–$45/SF, driven by healthcare density, tourism, and neighborhood residential growth.

Zoning: CMX-2 (Community Commercial Mixed-Use)

• Philadelphia’s most versatile and desirable zoning designations, encouraging street-level commercial activity and upper-story residential or office uses.

• Permitted Uses: Retail, restaurant, service, professional office, and multifamily residential above the ground floor.

• Intended to support pedestrian-oriented retail corridors and active street-level engagement within high-density mixed-use districts.

Demographics: Jefferson Health District Influence: The property sits just one block from Thomas Jefferson University Hospital, a reliable base of consistent foot traffic, drawing tens of thousands of employees, students, and visitors daily.

Demographic Overview (1-mile):

• Population: 98,579

• Average HHI: $163,195

• Daytime Population (Ages 16+): 204,244