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9403950
30950169

1200 N 5th St, Philadelphia, PA 19123

MPN Realty, Inc.
MPN Realty, Inc.
Listed by MPN Realty, Inc.
$1,200,000
1297 days on market
Updated 92 days ago

1200 N 5th Street

Details
Property Type Mixed Use, Retail
Sub Type Storefront
Square Footage 4,220
Units 5
NOI $85,236
Occupancy 80%
Tenancy Multi
Lease Type NNN
Price per SqFt $367
Year Built 1925
Year Renovated 2017
Buildings 1
Stories 3
Lot Size (SqFt) 1,560
Zoning CMX-2

MIXED-USE CORNER INVESTMENT PROPERTY FOR SALE

Marketing description

MPN Realty Inc., is Pleased to Present the Exclusive Sale of 1200 N 5th St., a Corner Mixed-use Investment Property Located Along Girard Avenue’s Commercial Corridor. The Site Consists of Two Commercial Spaces And Three Apartments. The Corner Commercial Space, a Former Diner/restaurant is Currently Vacant and Presents a Value-add Opportunity or a Great Opportunity to for an Owner-user. The Second Commercial Space is Leased to a Small Salon. The Apartments Were Renovated in 2017, Featuring New Kitchens W/quartz Counters, Stainless Steel Appliances, White Cabinets, Engineered Hardwood Floors, 4-piece Tile Baths, Laundry In Each Unit, and Plenty of Natural Light Throughout. All Units Are Self-contained, and the Property Has Three Years Remaining on a Partial Tax Abatement.

Located at the Northwest Corner of N. 5th Street and W. Girard Avenue, the Property is Nestled Between Northern Liberties and Fishtown. This is an Excellent Location Right in the Heart of a Tremendous Amount Of Development Along Girard Avenue Both to the East and West. The Site Has Easy Access to Center City, The Girard Trolley Line, the Market Frankford El Train, and Many Bus Routes. Northern Liberties and Fishtown Are Both Bustling Commercial Corridors With an Abundance of Restaurants, Cafes, Grocery Stores, and Retail Stores. Both Neighborhoods Also Have a Very Strong Residential Market and Are Prime Locations for Residents Of Philadelphia.

Listing Contacts

MPN Realty, Inc.
MPN Realty, Inc.
Listed by MPN Realty, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$85,236.00
$7,103.00/mo

Valuation Metrics

0
DSCR
7.1%
Cap Rate
7.1%
ROI

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