1234-40 Rising Sun Ave
Philadelphia, PA 19140
Commerce de détail Propriété À vendre

8% Cap Rate | Mixed-Use Investment | Broad & Old York Road, North Philadelphia
8,656 SF | 6 Units | $895,000 | $109/SF | $10K+/Mo Gross Income | QOZ Census Tract
This mixed-use income property delivers a verified 8% cap rate at asking price, with gross annual income exceeding $120,000 and all units occupied at time of listing. Situated at the signalized intersection of Broad Street and Old York Road, the property benefits from one of North Philadelphia's highest-traffic corridors and immediate proximity to the expanding Temple University Hospital campus.
Built in 1942 and zoned CMX-2, the 8,656 SF building operates with separate residential entrances, efficient floor-through layouts, and a stabilized tenancy mix. The ground-floor commercial space is anchored by an established daycare center with deep community ties — a tenant profile that historically demonstrates strong lease renewal rates and operational continuity. Two residential units are currently below market, offering immediate rent upside potential without vacancy risk.
Location and Growth Drivers
Broad Street and Old York Road provides direct arterial access to Roosevelt Boulevard and Center City. Rising Sun Avenue runs as a primary commercial corridor with consistent pedestrian traffic and SEPTA bus service. Temple University Hospital's northward campus expansion continues to drive institutional capital and residential demand in the surrounding blocks, with regional developers and opportunity zone investors actively underwriting the area.
Federal Qualified Opportunity Zone
This census tract carries an active federal QOZ designation through December 2028. Pennsylvania OZ 2.0 redesignation proceedings are currently underway, which may extend the eligible investment window for qualifying capital gains.
Investment Summary
List Price: $895,000 ($109/SF)
Gross Annual Income: $120,000+
Cap Rate: 8% (at asking)
Occupancy: 100%
Zoning: CMX-2
Lot: Corner parcel, Broad Street and Old York Road
Value-Add: Two residential units at below-market rents
Federal QOZ designation active through December 2028