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Listed by Shawn Witter • SDG Management, LLC
$4,250,000
Est. payment /mo
0.35 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Passyunk Square
MLS Listing ID PAPH2631974
Year Built 1940
Annual Tax Amount $43,127
Tax Year 2026
Lot Size 0.350 Acres
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
SDG|RE is pleased to present 1400–1414 S Darien Street, a rare 25,400 SF mixed-use investment opportunity in the heart of Philadelphia's highly sought-after East Passyunk Corridor. Situated on a prominent hard-corner parcel just three blocks from the Italian Market and minutes from Center City, the property combines stable in-place cash flow with significant long-term value-add potential.
The asset consists of seven renovated residential apartments and five commercial tenants occupying ten commercial spaces, creating a diversified income stream with a balanced residential and commercial revenue mix. Current gross potential income exceeds $339,000 annually, generating an in-place NOI of approximately $247,000.
Residential units were comprehensively renovated in 2016 with updated kitchens, baths, HVAC systems, plumbing, electrical, windows, and in-unit laundry. Recent capital improvements include a new rear roof installed in 2025 with a 20-year warranty and a front roof recoat completed in 2026.
The property's commercial component is anchored by established local operators, including Foreign Fix Auto Center, and benefits from below-market lease rates that provide substantial mark-to-market upside as leases renew. Residential rents similarly trail prevailing East Passyunk market rates, offering additional revenue growth opportunities through natural tenant turnover.
Investment highlights include:
• 25,400 SF mixed-use building on a 20,534 SF corner lot
• 7 residential apartments and 5 commercial tenants (10 commercial spaces)
• Strong in-place NOI of approximately $247,132
• Gross potential income of approximately $339,600 annually
• Recent capital improvements and renovated residential units
• Significant rental upside in both residential and commercial components
• Walk Score of 96 and Transit Score of 90
• Three blocks from the Italian Market and approximately 12 minutes to Center City
• Located within one of Philadelphia's most dynamic and supply-constrained mixed-use corridor
Offered at $4,250,000 ($167/SF), 1400–1414 S Darien Street presents investors with the opportunity to acquire a sizable, income-producing mixed-use asset in a premier South Philadelphia location with multiple avenues for future value creation.
The asset consists of seven renovated residential apartments and five commercial tenants occupying ten commercial spaces, creating a diversified income stream with a balanced residential and commercial revenue mix. Current gross potential income exceeds $339,000 annually, generating an in-place NOI of approximately $247,000.
Residential units were comprehensively renovated in 2016 with updated kitchens, baths, HVAC systems, plumbing, electrical, windows, and in-unit laundry. Recent capital improvements include a new rear roof installed in 2025 with a 20-year warranty and a front roof recoat completed in 2026.
The property's commercial component is anchored by established local operators, including Foreign Fix Auto Center, and benefits from below-market lease rates that provide substantial mark-to-market upside as leases renew. Residential rents similarly trail prevailing East Passyunk market rates, offering additional revenue growth opportunities through natural tenant turnover.
Investment highlights include:
• 25,400 SF mixed-use building on a 20,534 SF corner lot
• 7 residential apartments and 5 commercial tenants (10 commercial spaces)
• Strong in-place NOI of approximately $247,132
• Gross potential income of approximately $339,600 annually
• Recent capital improvements and renovated residential units
• Significant rental upside in both residential and commercial components
• Walk Score of 96 and Transit Score of 90
• Three blocks from the Italian Market and approximately 12 minutes to Center City
• Located within one of Philadelphia's most dynamic and supply-constrained mixed-use corridor
Offered at $4,250,000 ($167/SF), 1400–1414 S Darien Street presents investors with the opportunity to acquire a sizable, income-producing mixed-use asset in a premier South Philadelphia location with multiple avenues for future value creation.
Location
State PA
County Philadelphia
Area 19146 (19146)
Zoning RSA5
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Septic
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881000298
Ownership Fee Simple
Special Listing Condition Standard
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Joseph Asterino
Broker Associate | License ID: AB066344
Broker Associate License ID: AB066344