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$1,650,000

141 LEAGUE STREET, PHILADELPHIA PA, 19147

Price per sqftN/A
Built in1900
Property typeCommercial

Overview

Active

Active-bright

Listed Aug 5, 2026

Updated 3 weeks ago

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.

Additional information

MLS® ID
PAPH2656420

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.08 Acres

Other Property Details

Taxes
$17,259
Tax Frequency
Annually
MLS provider logo

Listed by Keller Williams Main Line
Listing Contact: 2677803419 

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Data last updated on 8/25/2026 at 8:45 AM UTC

 

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