Queen Village Retail
701 E Passyunk Ave Philadelphia, PA
701 E Passyunk Ave, Philadelphia, PA, 00000
Contact for pricing
For Sale
Contact for pricing
Retail space in high-profile Queen Village location for sale.
Property Size5,042 SF
Lot Size0.07 Acres
Price / SF$307.42
Days on Market1135
Property Features for 701 E Passyunk Ave
General Information
- Standard status
- Active
- Size
- 5,042 SF
- Lot size
- 0.07 Acres
- Property subtype
- RETAIL
Listing Agency
Equity CRE
(484) 417-2219
Listed by
David Goodman
Source
Moodyscre
Added: Jun 12, 2023 Checked: Jul 20 at 3:29 am
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 Equity CRE
Investment Insights
Based on property information with market context.
This property is located in the high-profile Queen Village neighborhood. The building offers approximately 5,042 square feet of space on the main floor and mezzanine levels, with an additional full basement. Including the basement, the total area is approximately 11,946 square feet. The property is zoned CMX2, which allows for a variety of uses. The property was previously used as a bank and a restaurant.
Key Highlights
- High profile Queen Village location
- Boasting ±5,042 SF on the main floor & mezzanine, plus a full basement (±11,946 SF including basement)
- CMX2 zoning allows for a variety of uses
Local Financial Insights For Specialty 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 | $105.9k | $21.00 |
| − Vacancy | −$8.5k | −$1.68 |
| EGI | $97.4k | $19.32 |
| − OpEx | −$24.4k | −$4.83 |
| NOI | $73.1k | $14.49 |
5,042 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$913.2K – $1.22M
NOI $73,059 @ 7.0% cap · market cap 4.71%
Second Best
Retail
$814.1K
$712.3K – $949.8K
NOI $56,986 @ 7.0% cap · market cap 3.68%
Theoretical Best
Multifamily LT 5
$1.23M
$1.08M – $1.43M
NOI $86,041 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
PNC Bank
Atm
PNC Bank ATM
Atm
PNC ATM
Atm
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FAQs
What type of property is this?
Bank - Retail space in high-profile Queen Village location for sale.
Where is this bank located?
The property is located at 701 E Passyunk Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: High profile Queen Village location; Boasting ±5,042 SF on the main floor & mezzanine, plus a full basement (±11,946 SF including basement); CMX2 zoning allows for a variety of uses
