1400-14 S Darien Street , Philadelphia, PA 19147

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.

Property Features

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