209 15 Fairmount Ave

Highlights:

• Days on Market: 103
• Heating: Hot Water, Forced Air

Description:

Prime NNN Investment in Northern Liberties – Strong Tenant- Long-Term Lease in Place
Positioned in the heart of one of Philadelphia’s consistently desirable neighborhoods,This nearly 10,000 SF mixed-use property is home to a thriving childcare facility operating under a stable, Triple Net (NNN) lease with 6 years remaining. With an NOI of 183,000 and a cap rate of 5.9% this property offers stable, long-term income with minimal landlord responsibilities. Zoned CMX-2.5, the site also presents excellent mixed-use residential redevelopment potential for future value creation.
Originally constructed as a church and later transformed into one of the city’s first four major theaters, the building boasts rich historic character, including original ceiling murals and repurposed stage elements. With open flexible floor plans, soaring 18–20 ft ceilings, and a zoning classification that supports a variety of commercial and residential uses, the property is well positioned for future adaptive reuse. An adjacent vacant lot is also available for purchase, enhancing the redevelopment potential of the site to a total land footprint of 7,550 square feet.
Just steps from premier dining, art galleries, and nightlife in Northern Liberties—and within close proximity to Penn’s Landing, Old City, and vibrant Fishtown—this offering represents a rare opportunity to acquire a high-performing, income-generating asset with significant long-term upside in one of Philadelphia’s most coveted neighborhoods.


Easy accessibility to Public Transit & Highways – Conveniently located near I-95, I-676 on-ramps.

Property viewing times are limited to evenings after 6:00 PM and weekends due to the business operations of the current tenant. A 3D tour and property website are available for a comprehensive virtual tour of the building due to the limited in person showing times.