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Retail Space with Finished Basement

1206 E PALMER Street, Philadelphia, PA 19125

For Lease
New
$2,400/Mo

CommercialLease, PHILADELPHIA, PA

Space SizeContact for details
Property Size1,200 SF
Lot Size0.03 Acres
Days on Market7

Property Features for 1206 E PALMER Street

General Information

Property type Other
Property subtype Retail
Rooms Basement
Elementary school district PHILADELPHIA CITY
Middle school district PHILADELPHIA CITY
High school district PHILADELPHIA CITY
Standard status Active
Lot size 0.03 Acres

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

fresh paint
after-market kitchen
private rear outdoor space
oversized stacked washer/dryer
two full bathrooms

Building Details

Year built 2016
Number of units 3
Building materials Masonry
Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate
Listed By: Benjamin Katz · License PA RS356819
Added: Nov 4 Changed: Nov 10 Last Checked: Nov 10 at 9:06PM
MLS# PAPH2682038

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.

Rey
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Investment Insights

Based on property information with market context.

This retail space offers approximately 1,200+ square feet across the first floor and a finished basement. The lower level has an aftermarket kitchen, and the layout also includes two full bathrooms, an oversized stacked washer and dryer, and private outdoor space at the rear. Fresh paint is present throughout. The masonry building was constructed in 2016 and has forced-air heating and central air conditioning.

The space is available November 15, 2026. Potential uses identified for the property include a barbershop, beauty salon, spa, wellness studio, or other professional and service-based businesses.

Key Highlights

  • Approximately 1,200+ square feet across the first floor and finished basement
  • Lower‑level kitchen and two full bathrooms
  • Private rear outdoor area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pennsylvania Recovery Center ... Medical Clinic Therien Foundation Charitable Organization

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Home Appliance Store Auto Parts Store Nursing Home Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,151
Businesses Nearby
51k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 65% Shops & Services 21% Electronics 5% Home Improvements & Furnishings 5%
McDonald's Dining
23,463 visits/mo 0.4 miles
Wells Fargo Shops & Services
5,966 visits/mo 0.4 miles
Jeni's Splendid Ice Creams Dining
5,149 visits/mo 0.3 miles
Carvana Shops & Services
3,310 visits/mo 0.5 miles
La Colombe Coffee Roasters Dining
3,154 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Philadelphia, PA

$24.15 /SF/Yr
Avg Asking Price
$2.26–$100 /SF/Yr
Price Range
7,073 SF
Avg Space Size

This space is priced 1% below the average of $24.15 /SF/Yr.

Average Price Trend$/SF/Yr for Retail space in Philadelphia, PA

$23.99 Jul
$25.14 Aug
$24 Sep
$24.7 Oct

Properties on Market for Retail space in Philadelphia

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - The commercial unit includes two full bathrooms and a private rear outdoor area.
Where is this retail space located?
The property is located at 1206 E PALMER Street Philadelphia, PA.
What is the lease rate?
The lease rate is $2,400/Mo.
What are key features of this property?
This property features: Approximately 1,200+ square feet across the first floor and finished basement; Lower‑level kitchen and two full bathrooms; Private rear outdoor area
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