7,550 SF CMX-2.5 Assemblage | No Libs 2 Properties Offered at $4,785,305 CAD in Philadelphia, PA

Acquire a rare 7,550 SF contiguous assemblage in the heart of Northern Liberties, featuring a second-story grand theatre hall and stabilized income through 2026.
The offering includes the mixed-use commercial building at 209–215 Fairmount Avenue and the adjacent parcel at 705 N American Street, combining architectural character, scale, and defined lease timing within one of Philadelphia’s most established and highly sought-after urban neighborhoods.
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 $3,500,000 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.
Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. Virtual access available via 3D tour.