209-15 Fairmount Avenue

This offering presents a rare opportunity to acquire two contiguous CMX-2.5 zoned properties in the heart of Northern Liberties, combining stabilized income with long-term flexibility. The portfolio includes the mixed-use commercial building at 209215 Fairmount Avenue and the adjoining parcel at 705 N American Street, together providing a 7,550 SF combined footprint a scale increasingly difficult to assemble in the neighborhood. 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 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. This structure provides flexibility for continued income stabilization or repositioning following the current lease term. Assemblage Overview 7,550 SF Contiguous Assemblage Two Parcels: 209215 Fairmount Avenue & 705 N American Street CMX-2.5 Zoning Mixed-Use Development Potential Located in Northern Liberties Income in Place Through 12/31/2026 Defined Transition Timeline for Repositioning or Redevelopment 209215 Fairmount Avenue (Primary Building) MLS# PAPH2482266 Grand Second-Story Theatre Hall with Open-Span Volume Preserved Theatre-Era Allegorical Ceiling Panels 18 Pressed Metal Ceilings with Decorative Cornice Detailing (Main Level) Original Interior Woodwork and Architectural Detailing Hardwood Flooring on Upper Level Full-Building Basement with 10+ Ceiling Height Significant Ceiling Volume Rare for Buildings of This Era Adaptive Reuse or Conversion Potential 705 N American Street (Contiguous Parcel) MLS# PAPH2452904 Vacant Paved Lot (Separate Parcel) Secondary Access Enhances Assemblage Scale and Site Configuration Flexibility Showings are limited to evenings after 6 PM and weekends to accommodate the current tenant. Virtual access available via 3D tour.