Leased Retail and Event
For Sale
$1,700,000
1101 W Allegheny Avenue, Philadelphia, PA 19133
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 Market397
Property Features for 1101 W Allegheny Avenue
General Information
Standard status
Active
Size
11,030 SF
Property subtype
Retail
Occupancy
100%
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 authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,724
Businesses Nearby
66k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 38%
Groceries 6%
Electronics 3%
McDonald's
Dining
23,953 visits/mo
0.3 miles
Speedway
Shops & Services
13,312 visits/mo
0.5 miles
Wells Fargo
Shops & Services
12,653 visits/mo
0.5 miles
PNC Bank
Shops & Services
5,390 visits/mo
0.4 miles
Fine Wine & Good Spirits
Groceries
4,022 visits/mo
0.4 miles
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
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
