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Listed by Jon O'Shea • Keller Williams Main Line
$1,650,000
Est. payment /mo
3,600 Sqft Lot
New
141 LEAGUE ST Philadelphia, PA 19147
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2656420
Year Built 1900
Annual Tax Amount $17,259
Tax Year 2026
Lot Size 3,600 Sqft
Acres 0.08
Lot Dimensions 62.00 x 54.00
Property Sub-Type Retail
Source BRIGHT
Property Description
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 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.
Location
State PA
County Philadelphia
Area 19147 (19147)
Zoning RSA5
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Central A/C
Inclusions Leases
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 883567500
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849