127 15Th StPhiladelphia, PA 19102

  • Mixed-use properties
  • 5,430 SF
For Lease

Property Details for 127 15Th St

Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.05 AC
Property size (Sq ft)
5,430 SF
Zone code
CMX5
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
87-1-4032-60
APU
871403260

Description

This 1,400 square foot retail space, located at 127 N 15th St in Philadelphia, PA 19102, is ideally situated in the Middle City East submarket. A former restaurant, the property boasts a fully equipped kitchen, ready for immediate occupancy. The space is part of a larger 5,648 square foot building constructed in 1900 and zoned CMX-5. Benefiting from a prominent corner location, the property offers 48 feet of frontage on N 15th Street and 42 feet on Cherry Street, ensuring high visibility and accessibility for both pedestrians and vehicles. The high-traffic location is complemented by the presence of established businesses such as Trader Joe's, 7-Eleven, and the Pennsylvania Academy of the Fine Arts (PAFA) nearby. The property's excellent visibility and pedestrian traffic make it an attractive opportunity for a variety of retail uses. Outdoor seating is a possibility, further enhancing the space's appeal. Lease terms are negotiable. The building does not have elevators.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,749,268
    6.5%
    $1,614,709
    7%
    $1,499,372
  • Comparable approach

    Method
    Valuation
    Relative Method
    $709,484
    Geo Method
    $709,484
  • Alternative Use

    Use
    Valuation
    Residential
    $2,002,239
    Hospitality
    $1,834,040
    Educational
    $1,525,900
    Medical
    $1,578,378
    Retail
    $2,373,622
127 15Th St, Philadelphia, Pennsylvania

Location Insight

City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9554
Longitude
-75.1645
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$17,927
$256,140
$1,024,560
$1,280,700
-
$256,140
$1,024,560
$1,280,700

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].