They don't make buildings like 141 League Street anymore. Set on a quiet Queen Village side street one block off Front Street, this circa-1900 masonry landmark rises three stories behind a dramatic pedimented facade - oversized industrial windows, private roof deck, and a full passenger elevator, a combination nearly impossible… Read More to find in one of Philadelphia's most desirable historic neighborhoods. The 10,206 SF building is 100% leased to two long-standing tenants (creative publisher, floors 1-2; established salon, floor 3) producing $112,403 in scheduled income - an approx. 6.8% in-place yield on a net-effective basis, rising by contract in 2027. The upside is defined: both leases expire 1/31/2028 with in-place rents around $13/SF vs. estimated market rents of $20-$24/SF, giving the next owner a clear path to materially higher income - re-lease at market, renew, or occupy 5,800 SF (57%) as an owner-user with SBA financing and rental income offsetting carry. Median household income of $97,514 within one mile, 395,000+ residents within three, pedestrian rating 100, and I-95 a tenth of a mile away. A fully leased income property today, a mark- to-market event in 18 months, and a trophy Queen Village asset forever. Offered at $1,650,000. Read Less
Courtesy of Jon M O'Shea, Keller Williams Main Line 610-520-0100
Listing Snapshot
Days Online
52
Last Updated
Property Type
Commercial
Lot Size
0.08 Acres
Year Built
1900
MLS Number
PAPH2656420
Additional Details
Building
Built in 1900, Built in 2015 (effective), Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
None
Heating
Heat Pump(s)
Lot
0.08 acres, Dimensions: 62.00 x 54.00
Sewer
Public Sewer
Taxes
Annual Amount: $17,259, Year: 2026, Zoning: RSA5
Utilities
Water Source: Public
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