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239-41 S 10th St 2,730 SF Retail Condo Unit Offered at $1,989,186 CAD in Philadelphia, PA 19107
INVESTMENT HIGHLIGHTS
- Fully stabilized NNN investment with 100% occupancy through 2031.
- Surrounded by dense residential, medical, and hospitality demand.
- Strong submarket fundamentals with retail rents averaging $35–$45/SF.
- Prime location one block from Thomas Jefferson University Hospital.
- CMX-2 zoning allows for retail, restaurant, office, and multifamily above.
- Recently renovated in 2019, ensuring modern finishes and minimal capital needs.
PROPERTY FACTS
1 UNIT AVAILABLE
Unit 1
| Unit Size | 2,730 SF | Sale Type | Investment |
| Price | $1,989,186 CAD | Cap Rate | 7.16% |
| Price Per SF | $728.64 CAD | NOI | $142,448.06 CAD |
| Condo Use | Retail | APN/Parcel ID | 882000079 |
| Unit Size | 2,730 SF |
| Price | $1,989,186 CAD |
| Price Per SF | $728.64 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| NOI | $142,448.06 CAD |
| APN/Parcel ID | 882000079 |
DESCRIPTION
Ground floor retail condo.
SALE NOTES
Equity CRE is proud to present the opportunity to purchase 239-41 S 10th St. Positioned in the heart of Washington Square West, one of Philadelphia’s most energetic and walkable retail corridors, this property presents a rare opportunity to acquire a fully stabilized, trophy retail condominium just steps from Thomas Jefferson University Hospital and Walnut Street. This ±2,800 SF street-level retail asset is 100% leased to a high-performing tenant, Cloudline Physical Therapy, on a long-term triple net lease through 2031, ensuring steady, predictable income with virtually no landlord responsibilities. The asset sits in a dense, mixed-use pocket of Center City, surrounded by medical, residential, and hospitality demand — a proven formula for sustained foot traffic and rent growth.
Boasting CMX-2 zoning, the property combines strong in-place cash flow with future redevelopment potential in one of Philadelphia’s highest-intensity mixed-use districts. The surrounding neighborhood’s transformation, driven by institutional investment and urban lifestyle demand, continues to push retail rents and property values upward.
For investors seeking a turnkey, low-maintenance retail asset with secure cash flow and unmatched location fundamentals, 239–41 S 10th Street stands out as a best-in-class opportunity in Center City’s thriving core.
NEARBY MAJOR RETAILERS
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239-41 S 10th St
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