Prime CMX-4 Corner Development
1200-2 W GIRARD Avenue Philadelphia, PA 19123
For Sale
$850,000
LAND - PHILADELPHIA, PA
Property Size2,103 SF
Lot Size0.08 Acres
Price / SF$404.18
Days on Market126
Property Features for 1200-2 W GIRARD Avenue
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,103 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6948
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
nabila baba alaoui-jackson · License #RS344492
(215) 936-9386
Added: Mar 23
Changed: Jun 9
Last Checked: Jul 26 at 7:06AM
MLS# PAPH2598226
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner lot, zoned CMX-4, is located along West Girard Avenue in Philadelphia. It is suitable for high-density mixed-use development. The property has existing approvals for development, including plans for one commercial space of 2,103 square feet, 21 units, and 5 parking spaces. These plans may be modified. The corner location provides dual frontage, natural light, and design options suitable for ground-floor commercial space with residential units above. The site offers visibility and accessibility. It is located near public transportation, major roadways, and neighborhood amenities. The property is situated in a high-demand, rapidly developing area. The lot size is 0.0826 acres.
Key Highlights
- Approved for development with plans including 1 commercial space (2,103 SF), 21 units, and 5 parking spaces, offering a significant head start.
- CMX‑4 zoning allows for high‑density mixed‑use development by right with no strict unit cap and potential density bonuses.
- Prime corner location on West Girard Avenue provides dual frontage, excellent natural light, and flexible design options.
Financial Insights For Mixed Use
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 | $45.4k | $21.60 |
| − Vacancy | −$5.5k | −$2.59 |
| EGI | $40.0k | $19.01 |
| − OpEx | −$15.0k | −$7.13 |
| NOI | $25.0k | $11.88 |
2,103 SF · lease $21.60/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$356.9K
$312.3K – $416.4K
NOI $24,984 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$512.7K
$448.6K – $598.1K
NOI $35,887 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Corner lot in Philadelphia, approved for mixed-use development.
Where is this commercial land located?
The property is located at 1200-2 W GIRARD Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approved for development with plans including **1 commercial space (2,103 SF), 21 units, and 5 parking spaces**, offering a significant head start.; CMX‑4 zoning allows for high‑density mixed‑use development by right with no strict unit cap and potential density bonuses.; **Prime corner location on West Girard Avenue** provides dual frontage, excellent natural light, and flexible design options.
