Corner Storefront Retail
1267 S 22nd St Philadelphia, PA 19146
For Sale
$495,000
Pending
Corner retail storefront on S 22nd St near Wharton St, suited for neighborhood grocery or convenience uses.
Property Size3,500 SF
Days on Market76
Property Features for 1267 S 22nd St
General Information
Standard status
Pending
Size
3,500 SF
Building Details
Year Built
1923
Listing Agency:
OCF Realty
(484) 483-3114
Listed By:
Andres Nicolini · License #RS337965
(484) 483-3114
Source:
Evrealestate
Added: May 13
Changed: Jul 10
Last Checked: Jul 23 at 7:04AM
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 OCF Realty
Investment Insights
Based on property information with market context.
This for-sale storefront retail property is configured as a single building at 1267 S 22nd St in Philadelphia, PA 19146, and is identified in the property types as suitable for grocery and convenience store use. The offering is presented as a retail space with a storefront presentation, positioned to serve a neighborhood-focused consumer base.
The property is located at the corner of Wharton St and 22nd Street, providing street-level access from both directions. The corner location supports visibility and walk-in convenience for retail concepts that benefit from frequent local patronage.
For tenants, buyers, or operators seeking a compact retail footprint for grocery or convenience programming, this storefront format offers a straightforward setup for everyday retail activity. Its corner placement can be especially useful for brands that rely on straightforward consumer navigation and consistent neighborhood foot traffic.
The property is located at the corner of Wharton St and 22nd Street, providing street-level access from both directions. The corner location supports visibility and walk-in convenience for retail concepts that benefit from frequent local patronage.
For tenants, buyers, or operators seeking a compact retail footprint for grocery or convenience programming, this storefront format offers a straightforward setup for everyday retail activity. Its corner placement can be especially useful for brands that rely on straightforward consumer navigation and consistent neighborhood foot traffic.
Key Highlights
- Corner retail storefront at S 22nd St near Wharton St (corner of Wharton St and 22nd Street)
- Natural gas heating with baseboard and hot water systems
- Window unit air conditioning
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.0k | $18.00 |
| − Vacancy | −$6.5k | −$1.85 |
| EGI | $56.5k | $16.15 |
| − OpEx | −$17.0k | −$4.84 |
| NOI | $39.6k | $11.30 |
3,500 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$724.5K
$633.9K – $845.3K
NOI $50,715 @ 7.0% cap · market cap 10.25%
Second Best
Retail
$565.1K
$494.5K – $659.3K
NOI $39,558 @ 7.0% cap · market cap 7.99%
Theoretical Best
Multifamily LT 5
$853.2K
$746.6K – $995.5K
NOI $59,727 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Snyder Super Market — 2700 Snyder Ave, Philadelphia, PA 19145
- 8 Brothers Super Market — 2639 Tasker St, Philadelphia, PA 19145
- GIANT Heirloom Market — 2303 Bainbridge St, Philadelphia, PA 19146
- Pet food pantrey — 2117 S 23rd St, Philadelphia, PA 19145
- Davincis Hookah & Grill — 1638 S 18th St, Philadelphia, PA 19145
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner retail storefront on S 22nd St near Wharton St, suited for neighborhood grocery or convenience uses.
Where is this grocery and convenience store located?
The property is located at 1267 S 22nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Corner retail storefront at S 22nd St near Wharton St (corner of Wharton St and 22nd Street); Natural gas heating with baseboard and hot water systems; Window unit air conditioning
