Retail Space with Finished
1206 E PALMER STREET 1 COMMERCIAL, Philadelphia, PA 19125
For Sale
New
Contact for pricing
A flexible commercial layout includes two full bathrooms, a lower-level kitchen, and private outdoor space.
Property Size1,209 SF
Price / SF$1.99
Days on Market3
Property Features for 1206 E PALMER STREET 1 COMMERCIAL
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
fresh paint
after-market kitchen
private rear outdoor space
oversized stacked washer/dryer
two full bathrooms
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Benjamin Katz · License #RS356819
(215) 260-9337
Source:
Cummingsrealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:33PM
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 Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space spans approximately 1,209 square feet across the first floor and a fully finished basement. The interior has fresh paint, and the lower level includes an aftermarket kitchen. Two full bathrooms and an oversized stacked washer and dryer are also part of the space, alongside multiple rooms and work areas. A private outdoor area sits at the rear of the property.
The property is at 1206 E. Palmer Street in Philadelphia’s Fishtown neighborhood. It was built in 2016 and is available starting November 15, 2026.
The property is at 1206 E. Palmer Street in Philadelphia’s Fishtown neighborhood. It was built in 2016 and is available starting November 15, 2026.
Key Highlights
- Approximately 1,209 square feet on the first floor and finished basement
- Two full bathrooms
- Lower‑level aftermarket kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,664
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,280
$273.3K
Cap Rate 7%
$195,200
$195.2K
Cap Rate 9%
$151,822
$151.8K
Market Conditions
NOI Build-Up for 1,209 SF
Gross rent
$21.8K $18.00/SF
− Vacancy
−$2.2K −$1.85/SF
EGI
$19.5K $16.15/SF
− OpEx
−$5.9K −$4.84/SF
NOI
$13.7K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,280
Cap Rate 7%
$195,200
Cap Rate 9%
$151,822
Alternative Uses
Best Use
Retail
$195.2K
$170.8K – $227.7K
NOI $13,664 @ 7.0% cap · market cap 569.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$294.7K
$257.9K – $343.9K
NOI $20,631 @ 7.0% cap · market cap 859.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,426
Businesses Nearby
255k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 36%
Groceries 11%
Electronics 4%
Wawa
Shops & Services
62,781 visits/mo
0.3 miles
The Richmond Bottle Shop
Groceries
27,246 visits/mo
0.3 miles
Dollar Tree
Shops & Services
24,165 visits/mo
0.3 miles
Starbucks
Dining
22,344 visits/mo
0.2 miles
Dunkin' Donuts
Dining
18,106 visits/mo
0.2 miles
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Average Price Trend$/SF for Retail space in Philadelphia, PA
Properties on Market for Retail space in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - A flexible commercial layout includes two full bathrooms, a lower-level kitchen, and private outdoor space.
Where is this retail space located?
The property is located at 1206 E PALMER STREET 1 COMMERCIAL Philadelphia, PA.
What are key features of this property?
This property features: Approximately 1,209 square feet on the first floor and finished basement; Two full bathrooms; Lower‑level aftermarket kitchen
