Leased Retail and Event
1101 W Allegheny Avenue Philadelphia, PA 19133
For Sale
$1,700,000
Five leased commercial storefront spaces and two leased event spaces with recent HVAC, electrical, plumbing, and drywall updates.
Property Size11,030 SF
Price / SF$154.13
Days on Market390
Property Features for 1101 W Allegheny Avenue
General Information
- Standard status
- Active
- Size
- 11,030 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1935
Listing Agency:
EXP Realty, LLC
(484) 802-5597
Listed By:
Nicole O'Reilly · License #RS318217
(484) 802-5597
Source:
Xome
Added: Jun 30, 2025
Changed: Jul 22
Last Checked: Jul 23 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
Investment Insights
Based on property information with market context.
This property offers five commercial retail spaces and two event spaces. Updates include new HVAC systems, heaters, electrical, plumbing, and sheetrock, supporting turnkey readiness across the units. All of the units are currently leased.
In addition to the interior space, the property includes four billboards that can generate additional rental income; two billboards are currently leased for a year.
As presented, the offering is structured as a multi-unit, income-producing commercial property with both leased retail/event areas and billboard revenue potential.
In addition to the interior space, the property includes four billboards that can generate additional rental income; two billboards are currently leased for a year.
As presented, the offering is structured as a multi-unit, income-producing commercial property with both leased retail/event areas and billboard revenue potential.
Key Highlights
- Five leased commercial storefront spaces and two leased event spaces
- New HVAC, heater, electric, plumbing, and sheetrock updates
- 4 billboards on the property; 2 are currently leased for a year
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.5k | $18.00 |
| − Vacancy | −$20.4k | −$1.85 |
| EGI | $178.1k | $16.15 |
| − OpEx | −$53.4k | −$4.84 |
| NOI | $124.7k | $11.30 |
11,030 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.56M – $2.08M
NOI $124,663 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.69M
$2.35M – $3.14M
NOI $188,226 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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- 5th Street Florists — 2830 N 5th St, Philadelphia, PA 19133
FAQs
What type of property is this?
Storefront property - Five leased commercial storefront spaces and two leased event spaces with recent HVAC, electrical, plumbing, and drywall updates.
Where is this storefront property located?
The property is located at 1101 W Allegheny Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Five leased commercial storefront spaces and two leased event spaces; New HVAC, heater, electric, plumbing, and sheetrock updates; 4 billboards on the property; 2 are currently leased for a year
