Ground-Floor Retail
1214 N AMERICAN STREET, Philadelphia, PA 19122
For Sale
New
Contact for pricing
RM-1 zoning applies, with permitted uses and required approvals subject to city review.
Property Size2,300 SF
Price / SF$2.09
Days on Market4
Property Features for 1214 N AMERICAN STREET
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Floor
Building Details
Year Built
Stories
Listing Agency:
National Realty Old City LLC - PA
(215) 625-3989
Listed By:
Billy Creagh · License #RM424688
(267) 439-6926
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 3:18PM
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 National Realty Old City LLC - PA
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Investment Insights
Based on property information with market context.
This 2,300-square-foot retail space occupies the ground floor of a five-story building completed in 2022. The property is zoned RM-1, a residential multifamily designation; prospective occupants should confirm permitted uses and any approval requirements with the City of Philadelphia. A tenant improvement allowance is available.
The building is at 1214 N American Street in Philadelphia’s Northern Liberties neighborhood. Residential and commercial activity surrounds the property.
The building is at 1214 N American Street in Philadelphia’s Northern Liberties neighborhood. Residential and commercial activity surrounds the property.
Key Highlights
- 2,300 SF of ground‑floor retail space
- Located in a five‑story building built in 2022
- RM‑1 Residential Multi‑Family zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,995
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,900
$519.9K
Cap Rate 7%
$371,357
$371.4K
Cap Rate 9%
$288,833
$288.8K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$41.4K $18.00/SF
− Vacancy
−$4.3K −$1.85/SF
EGI
$37.1K $16.15/SF
− OpEx
−$11.1K −$4.84/SF
NOI
$26.0K $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%
$519,900
Cap Rate 7%
$371,357
Cap Rate 9%
$288,833
Alternative Uses
Best Use
Specialty Retail
$476.1K
$416.6K – $555.5K
NOI $33,327 @ 7.0% cap · market cap 694.31%
Second Best
Retail
$371.4K
$324.9K – $433.3K
NOI $25,995 @ 7.0% cap · market cap 541.56%
Theoretical Best
Multifamily LT 5
$560.7K
$490.6K – $654.2K
NOI $39,249 @ 7.0% cap · market cap 817.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,530
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 35%
Groceries 9%
Electronics 5%
McDonald's
Dining
23,463 visits/mo
0.3 miles
Sunoco
Shops & Services
9,869 visits/mo
0.4 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.1 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.3 miles
Jeni's Splendid Ice Creams
Dining
5,149 visits/mo
0.3 miles
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Check the figures for this property
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Market
Average Price Trend$/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 - RM-1 zoning applies, with permitted uses and required approvals subject to city review.
Where is this retail space located?
The property is located at 1214 N AMERICAN STREET Philadelphia, PA.
What are key features of this property?
This property features: 2,300 SF of ground‑floor retail space; Located in a five‑story building built in 2022; RM‑1 Residential Multi‑Family zoning
