209-15 Fairmount Avenue • Philadelphia, PA 19123

$3,500,000 Beds: 0 • Baths:Sq. Feet: 0 • MLS ID: PAPH2482266 • Subdivision: NORTHERN LIBERTIES • School Dist: PHILADELPHIA CITY
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. 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) MLS# PAPH2482266 • 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) MLS# PAPH2452904 • Vacant Paved Lot (Separate Parcel) • Secondary Access • Enhances Assemblage Scale and Site Configuration Flexibility Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. Virtual access available via 3D tour. View this listing at: http://laurelwindsorhomes.com/mls=PAPH2482266

Property Features

  • Taxes: $9,798
  • Roof Type: Rubber
  • Exterior: Brick,CPVC/PVC,Copper Plumbing,Cast Iron Plumbing,
  • Parking Notes: Paved Parking
  • Lot Size: 0.11 Acres
  • Lot Dimensions: 0.11 Acre(S)
  • Heating: Hot Water,Forced Air
  • Fuel Type: Natural Gas
  • Cooling: Central A/C
  • Year Built: 1848
  • Water: Public
  • Sewer: Public Sewer
  • Units: 1
  • Municipality: PHILADELPHIA
  • Location Description: Urban
  • Lot Description: Additional Lot(s)
  • Total Garage/Parking Spaces: 4
  • Flooring: Wood,Vinyl,Carpet,Tile/Brick
  • Electric Description: 200+ Amp Service
  • Utilities: Water Available,Sewer Available,Natural Gas Available,Electric Available

School Information

  • School District: PHILADELPHIA CITY
Printed March 16, 2026


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Laurel Windsor 

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