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6518-6522 Lebanon Ave 10,000 SF 100% Leased Office Building Philadelphia, PA 19151 $1,607,349 CAD ($160.73 CAD/SF) 8.30% Cap Rate



Executive Summary
3 adjacent buildings on same Deed 6518-6520-6522 Lebanon Ave is a Turnkey 8-Unit Cash Cow delivering Powerful 8.3% 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 8.3% 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
$1,607,349 CAD
Price Per SF
$160.73 CAD
Cap Rate
8.30%
NOI
$133,410 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
Exceptionally walkable
90/100
Somewhat drivable
30/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 344048205 | Improvements Assessment | $229,363 CAD |
| Land Assessment | $57,341 CAD | Total Assessment | $286,703 CAD |
Property Taxes
Parcel Number
344048205
Land Assessment
$57,341 CAD
Improvements Assessment
$229,363 CAD
Total Assessment
$286,703 CAD
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6518-6522 Lebanon Ave
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