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6518-6522 Lebanon Ave 10,000 SF 100% Leased Office Building Philadelphia, PA 19151 $1,703,675 CAD ($170.37 CAD/SF) 7.84% Cap Rate



Executive Summary
3 adjacent buildings on same Deed 6518-6520-6522 Lebanon Ave is a Turnkey 8-Unit Cash Cow delivering Powerful 7.4% Cap Rate with room to increase. **Prime CMX-2 Mixed-Use Investment Opportunity in Overbrook Farms section of Philadelphia. **Invest in immediate cash flow with this stabilized, fully leased 8-unit portfolio asset offering 6 apartments, 1 medical/rehabilitation center and 1 daycare facility. **Anchored by established commercial and residential tenancy, this commanding stone corner property delivers a powerful 7.4% Capitalization Rate from Day 1. **Fully rented with a proven track record of high occupancy. Meticulously maintained stone masonry structure. **CMX-2 zoning offers maximum flexibility for retail, medical office, and residential density. Situated in the heart of Overbrook Farms, a high-density neighborhood with strong demand for local services and housing and easy access to some of the region’s best outdoor areas such as Fairmount Park. Just a short drive to City Line Avenue, St. Joseph's University and Lankenau Medical Center. This is a rare opportunity to acquire a high-performing asset in a high-barrier-to-entry market. Perfect for 1031 Exchange buyers seeking passive income.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
10,000 SF
Building Class
C
Year Built
1925
Price
$1,703,675 CAD
Price Per SF
$170.37 CAD
Cap Rate
7.84%
NOI
$133,576 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,333 SF
Building FAR
1.91
Lot Size
0.12 AC
Zoning
CMX2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Wilson's Around The Clock Home
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Wilson's Around The Clock Home | Health Care and Social Assistance | - | - | - |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 344048205 | Improvements Assessment | $227,665 CAD |
| Land Assessment | $56,916 CAD | Total Assessment | $284,582 CAD |
Property Taxes
Parcel Number
344048205
Land Assessment
$56,916 CAD
Improvements Assessment
$227,665 CAD
Total Assessment
$284,582 CAD
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6518-6522 Lebanon Ave
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