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    4002-4004 Spruce St Philadelphia, PA 19104

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    For Lease
    $4,125 /Mo ($70 SF/Yr)

    700 SF retail space, renovated in 2022, excellent location.

    Property size:
    700 SF
    Lot size:
    0.09 Acres

    Property Features for 4002-4004 Spruce St

    General Information

    Size
    700 SF
    Lot size
    0.09 Acres

    Source: MPN Realty, Inc. Agent Veronica Blum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Retail Space Available

    This property offers approximately 700 square feet of first-floor retail space. The space was newly renovated in 2022 and features brand new storefront windows. It has 19 feet of frontage on Spruce Street. Zoned CMX-2, this transit-oriented development is within walking distance of the University of Pennsylvania and Drexel University, as well as the Market Frankford Line.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.203346
    Latitude
    39.951528

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    FAQs

    What type of property is this?
    Retail space - 700 SF retail space, renovated in 2022, excellent location.
    Where is this retail space located?
    The property is located at 4002-4004 Spruce St Philadelphia, PA.
    What is the lease rate?
    The lease rate is $70 SF/Yr.
    What are key features of this property?
    This property features: - Walking distance to UPenn, Drexel University, and the Market Frankford Line (Transit Oriented Development); - Newly renovated in 2022; - Brand new storefront windows
    (215) 413-4900
    Request Owner's contact information
    4002-4004 Spruce St Philadelphia, PA 19104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4002-4004 Spruce St Philadelphia, PA 19104
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