127 15Th StPhiladelphia, PA 19102

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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