Three-Story Storefront
For Sale
$589,900
124 W GIRARD AVENUE, Philadelphia, PA 19123
Gutted interior provides flexibility for a new commercial build-out on a high-activity Philadelphia corridor.
Property Size2,724 SF
Days on Market413
Property Features for 124 W GIRARD AVENUE
General Information
Standard status
Active
Size
2,724 SF
Property subtype
MixedUse
Property Condition
Severity
Major Repairs Needed
Evidence
gutted
Site & Location
Neighborhood
North Philadelphia
Taxes and HOA fees
Annual Taxes
$6,320
Building Details
Building Size
2,724 SF
Year Built
1920
Stories
3
Listing Agency:
Realty Mark Associates
Listed By:
Roberto F Neris · License #RS299462
(215) 669-4273
Source:
Patmckennarealtors
Added: Sep 6, 2025
Changed: Oct 21
Last Checked: Oct 21 at 2:35AM
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 Realty Mark Associates
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Investment Insights
Based on property information with market context.
This three-story storefront property at 124 W Girard Avenue was built in 1920 and is currently gutted, allowing a future owner to plan the interior around a new commercial build-out. The building is positioned for either an owner-operated business or a rehabilitate-and-lease strategy, as supported by the existing storefront configuration and unfinished interior.
The property sits on Girard Avenue near the Fishtown and Northern Liberties border in Philadelphia. The surrounding area includes ongoing new construction, while the street is described as busy with pedestrian activity. Its address is 124 W Girard Avenue, Philadelphia, PA 19123.
The property sits on Girard Avenue near the Fishtown and Northern Liberties border in Philadelphia. The surrounding area includes ongoing new construction, while the street is described as busy with pedestrian activity. Its address is 124 W Girard Avenue, Philadelphia, PA 19123.
Key Highlights
- Three‑story storefront property
- Gutted interior ready for commercial build‑out
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,787
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,740
$615.7K
Cap Rate 7%
$439,814
$439.8K
Cap Rate 9%
$342,078
$342.1K
Market Conditions
NOI Build-Up for 2,724 SF
Gross rent
$49.0K $18.00/SF
− Vacancy
−$5.1K −$1.85/SF
EGI
$44.0K $16.15/SF
− OpEx
−$13.2K −$4.84/SF
NOI
$30.8K $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%
$615,740
Cap Rate 7%
$439,814
Cap Rate 9%
$342,078
Alternative Uses
Best Use
Retail
$439.8K
$384.8K – $513.1K
NOI $30,787 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$664.1K
$581.1K – $774.8K
NOI $46,485 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,571
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 26%
Groceries 11%
Electronics 6%
McDonald's
Dining
23,463 visits/mo
0.1 miles
Fine Wine & Good Spirits
Groceries
6,966 visits/mo
0.1 miles
Wells Fargo
Shops & Services
5,966 visits/mo
0.2 miles
Jeni's Splendid Ice Creams
Dining
5,149 visits/mo
0.1 miles
The UPS Store
Shops & Services
4,184 visits/mo
0.2 miles
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Flowers Etcetera By Denise — 637 N 2nd St, Philadelphia, PA 19123
- Pearl — W Laurel St, Philadelphia, PA 19123
- Celebrate! — 1202 n 7th st, philadelphia, pa 19122
- Riehs Florist — 1020 N 5th St, Philadelphia, PA 19123
- Amour Et Fleurs — 507 W Girard Ave, Philadelphia, PA 19123
Frequently Asked Questions
What type of property is this?
Storefront property - Gutted interior provides flexibility for a new commercial build-out on a high-activity Philadelphia corridor.
Where is this storefront property located?
The property is located at 124 W GIRARD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Three‑story storefront property; Gutted interior ready for commercial build‑out; Built in 1920
