Listing Agency: JG Real Estate LLC

Listed By: Charles R Mertz · License #RS320831 Show Phone

Source: Exprealty

Added: Aug 17 Changed: Sep 1 Last Checked: Sep 2 at 6:55PM

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Investment Insights

Based on property information with market context.

This bi-level storefront at 1-1848 N Hancock St, Philadelphia, includes approximately 1,000 square feet across a main level and finished basement. The primary floor offers an open arrangement, hardwood flooring, double glass entry doors, windows, abundant natural light, and a half bath. Downstairs, the finished basement adds tile flooring and closet space for additional usable area.

The property is in Olde Kensington near Fishtown, Towey Playground, Norris Square Park, and Shissler Recreation Center. Public transportation access includes nearby bus routes and Berks Station on the Market-Frankford Line, providing service toward Center City. The space is zoned RM1 and is available for lease early October.

Key Highlights

• Approximately 1,000 square feet in a bi‑level layout
• Finished basement with tile flooring and closet space
• Open main level with hardwood flooring and abundant natural light

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Tanning Salon Pet Grooming Service Clothing & Fashion Store Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

6,993

Businesses Nearby

72k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Hotels & Casinos 52% Shops & Services 23% Groceries 17% Dining 8%

Philadelphia Marriott Old City Hotels & Casinos

14,972 visits/mo 0.1 miles

ACME Markets Groceries

12,615 visits/mo 0.4 miles

Kimpton Hotel Monaco Philadelphia Hotels & Casinos

10,769 visits/mo 0.3 miles

TD Bank Shops & Services

6,416 visits/mo 0.5 miles

Starbucks Dining

5,627 visits/mo 0.3 miles

Demographics for 19106, PA

15,190

Population

9,913

Households

1.5

Avg Household Size

39

Median Age

80%

College-Educated

96%

High-School Grad

0.9 sq mi

ZIP Area

16,878

Density / Sq Mi

$129,779

Median Household Income

$93,953

Median Earnings

$2,219

Median Rent

$528,700

Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$26.07 /SF/Yr

Avg Asking Price

$10.5–$100 /SF/Yr

Price Range

3,463 SF

Avg Space Size

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Open-plan commercial space with glass entry doors, windows, and a half bath.

Where is this storefront property located?

The property is located at 1-1848 N Hancock St Philadelphia, PA.

What is the lease rate?

The lease rate is $1,500/Mo.

What are key features of this property?

This property features: Approximately 1,000 square feet in a bi‑level layout; Finished basement with tile flooring and closet space; Open main level with hardwood flooring and abundant natural light