MLS#PAPH2634148
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLPHILADELPHIA CITY
Property Description
An 8% cap rate at asking price. That's the headline, and the building delivers it. This 8,656 sq ft mixed-use asset sits at one of North Philadelphia's highest-visibility corners: Broad Street and Old York Road, steps from the expanding Temple University Hospital campus. The building generates over $10,000 per month in gross income across a ground-floor commercial tenant and multiple residential units, producing an annual income stream in excess of $120,000 against a list price of $895,000. Built in 1942 and zoned CMX-2, the property features separate entrances for the residential units, efficient floor layouts and all units occupied. Two units are long standing and below market rents. The ground-floor commercial space is anchored by a daycare center with deep community ties, offering the kind of operational stability that institutional owners pay premiums for. The location punches above its basis. Rising Sun Avenue is a primary commercial corridor with consistent foot traffic, bus service, and direct access to Broad Street and Roosevelt Boulevard. The Temple Hospital campus continues its northward expansion, and the surrounding neighborhood is on the radar of both regional developers and QOZ investors. This census tract carries a federal Qualified Opportunity Zone designation, active through December 2028, with OZ 2.0 redesignation proceedings currently underway in Pennsylvania. At $109/sq ft and a verified 8% cap, this is a straightforward income play with a defensible basis and multiple value levers still available.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.11 Acres
Taxes: $6,013
Year Built: 1942
Feature Descriptions
Days on Site: 1
Exterior: Masonry
Location: Corner Lot/Unit
Lot: Corner
Lot Dimensions: 0.11 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 1
Units: 7
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2674358015
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1234 40 Rising Sun Avenue | MLS# PAPH2634148
This commercial property located at 1234 40 Rising Sun Avenue , Philadelphia, PA 19140 is currently listed for sale with an asking price of $895,000. 40 Rising Sun Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.