Ground-Floor Storefront
For Sale
$2,350,000
121620 Arch Street Unit 1, Philadelphia, PA 19107
Built-out commercial condominium with flexible retail, office, meeting, and storage areas in Philadelphia’s Center City.
Property Size12,350 SF
Price / SF$190.28
Days on Market487
Property Features for 121620 Arch Street Unit 1
General Information
Standard status
Active
Size
12,350 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Floor
Ground
Amenities
high ceilings
hardwood floors
exposed brick
columns
large open meeting room
two conference rooms
partitioned offices
kitchenette
men's and women's restrooms
loading area
Building Details
Year Built
1900
Listing Agency:
MSC Retail,Inc.
Listed By:
Josh Weiss · License #RS324559
(215) 568-2600
Source:
Deepcreeklake
Added: Jun 20, 2025
Changed: Oct 16
Last Checked: Oct 16 at 9:03AM
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 MSC Retail,Inc.
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 ground-floor commercial condominium combines a retail-facing storefront with a loft-style interior and an extensive lower level. The main floor contains 12,350 SF and features high ceilings, hardwood floors, exposed brick, and structural columns. Existing improvements include an open meeting room, two conference rooms, partitioned offices, a kitchenette, separate men’s and women’s restrooms, and a loading area accessible from Cuthbert Street.
The basement adds over 12,000 SF with 12-foot ceilings, providing substantial space for storage or back-of-house functions. A portion of the basement is leased to AT&T and T-Mobile. The property is positioned in Philadelphia’s Center City, across from the Convention Center and Reading Terminal and one block from Market Street. City Hall, Broad Street, public transportation, parking, hotels, cultural attractions, restaurants, and retail are also identified nearby.
The basement adds over 12,000 SF with 12-foot ceilings, providing substantial space for storage or back-of-house functions. A portion of the basement is leased to AT&T and T-Mobile. The property is positioned in Philadelphia’s Center City, across from the Convention Center and Reading Terminal and one block from Market Street. City Hall, Broad Street, public transportation, parking, hotels, cultural attractions, restaurants, and retail are also identified nearby.
Key Highlights
- 12,350 SF ground‑floor commercial condominium
- Over 12,000 SF basement with 12‑foot ceilings
- Retail storefront with loft‑style interior, hardwood floors, exposed brick, and columns
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,520
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,250,400
$3.3M
Cap Rate 7%
$2,321,714
$2.3M
Cap Rate 9%
$1,805,778
$1.8M
Market Conditions
NOI Build-Up for 12,350 SF
Gross rent
$271.2K $21.96/SF
− Vacancy
−$54.5K −$4.41/SF
EGI
$216.7K $17.55/SF
− OpEx
−$54.2K −$4.39/SF
NOI
$162.5K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,250,400
Cap Rate 7%
$2,321,714
Cap Rate 9%
$1,805,778
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.71M
NOI $162,520 @ 7.0% cap · market cap 6.92%
Second Best
Retail
$1.99M
$1.74M – $2.33M
NOI $139,582 @ 7.0% cap · market cap 5.94%
Theoretical Best
Multifamily LT 5
$3.01M
$2.63M – $3.51M
NOI $210,751 @ 7.0% cap · market cap 8.97%
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
1,710
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19107, PA
17,600
Population
10,239
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
92%
High-School Grad
0.5 sq mi
ZIP Area
35,200
Density / Sq Mi
$70,382
Median Household Income
$57,694
Median Earnings
$1,691
Median Rent
$452,500
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
- Flowers & Gifts By June — 455 S 60th St, Philadelphia, PA 19143
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Frequently Asked Questions
What type of property is this?
Storefront property - Built-out commercial condominium with flexible retail, office, meeting, and storage areas in Philadelphia’s Center City.
Where is this storefront property located?
The property is located at 121620 Arch Street Unit 1 Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 12,350 SF ground‑floor commercial condominium; Over 12,000 SF basement with 12‑foot ceilings; Retail storefront with loft‑style interior, hardwood floors, exposed brick, and columns
