Retail Storefront and
For Sale
$925,000
116 W Girard Ave, Philadelphia, PA 19123
Retail storefront with a finished basement and two floors of 2-bed apartments, each with in-unit laundry.
Property Size3,456 SF
Price / SF$267.65
Days on Market96
Property Features for 116 W Girard Ave
General Information
Standard status
Active
Size
3,456 SF
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
1920
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Riverfoxrealty
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 5 at 10:04PM
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 Liberty Real Estate
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Investment Insights
Based on property information with market context.
Located at 116 W Girard Ave in Philadelphia, this mixed-use property pairs a retail storefront with residential units above. The basement is finished, and the 2nd and 3rd floors each offer 2-bedroom apartments. Both apartments include laundry within the units.
Public remarks describe the storefront as being next to a commercial corridor with very heavy foot traffic. The property is also presented as being adjacent to a subway train station, with Girard Ave bus stops located nearby.
The layout is straightforward for a combined retail-and-residential setup, with one ground-level commercial space and two separate apartment levels delivering consistent unit configuration across the 2nd and 3rd floors.
Public remarks describe the storefront as being next to a commercial corridor with very heavy foot traffic. The property is also presented as being adjacent to a subway train station, with Girard Ave bus stops located nearby.
The layout is straightforward for a combined retail-and-residential setup, with one ground-level commercial space and two separate apartment levels delivering consistent unit configuration across the 2nd and 3rd floors.
Key Highlights
- Retail storefront with a finished basement
- Second and third floors feature two 2‑bed apartment units
- Each 2‑bed apartment includes in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,976
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,520
$1.2M
Cap Rate 7%
$842,514
$842.5K
Cap Rate 9%
$655,289
$655.3K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$89.2K $25.80/SF
− Vacancy
−$4.9K −$1.42/SF
EGI
$84.3K $24.38/SF
− OpEx
−$25.3K −$7.31/SF
NOI
$59.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,520
Cap Rate 7%
$842,514
Cap Rate 9%
$655,289
Alternative Uses
Best Use
Multifamily LT 5
$842.5K
$737.2K – $982.9K
NOI $58,976 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$776.6K
$679.5K – $906.0K
NOI $54,361 @ 7.0% cap · market cap 5.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Retail storefront with a finished basement and two floors of 2-bed apartments, each with in-unit laundry.
Where is this duplex located?
The property is located at 116 W Girard Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Retail storefront with a finished basement; Second and third floors feature two 2‑bed apartment units; Each 2‑bed apartment includes in‑unit laundry
