Mixed-Use Retail and
128 Coulter Ave Ardmore, PA 19003
For Sale
Contact for pricing
Pending
Mixed-use property with ground-floor retail space and two apartments on the second floor.
Property Size3,200 SF
Days on Market183
Property Features for 128 Coulter Ave
General Information
- Standard status
- Pending
- Size
- 3,200 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1925
Listing Agency:
Equity CRE
(484) 417-2010
Listed By:
Patrick McCabe · License #PA AB068498
Source:
Crexi
Added: Jan 21
Changed: Jul 23
Last Checked: Jul 23 at 11:27AM
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 Equity CRE
Investment Insights
Based on property information with market context.
This mixed-use property offers 1,600 SF of ground-floor retail space and two second-floor apartments. The building totals 3,200 SF and is configured to combine street-level commercial space with residential units above.
Located at 128 Coulter Ave in Ardmore, the property is positioned within the Ardmore business district.
The layout provides separate income-producing areas: retail space on the first floor and two apartments on the second floor, each described as approximately 800 SF.
Located at 128 Coulter Ave in Ardmore, the property is positioned within the Ardmore business district.
The layout provides separate income-producing areas: retail space on the first floor and two apartments on the second floor, each described as approximately 800 SF.
Key Highlights
- 3,200 SF mixed‑use building with 1,600 SF ground‑floor retail and two second‑floor apartments
- Second floor offers two apartments, each approximately 800 SF
- Year built: 1925
Financial Insights For Multifamily LT 5
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 | $71.0k | $22.20 |
| − Vacancy | −$4.6k | −$1.44 |
| EGI | $66.4k | $20.76 |
| − OpEx | −$19.9k | −$6.23 |
| NOI | $46.5k | $14.53 |
3,200 SF · lease $22.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.2K
$581.2K – $774.9K
NOI $46,496 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$617.6K
$540.4K – $720.6K
NOI $43,233 @ 7.0% cap · market cap 3.93%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,847 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Petunia's Consignment Boutique
Discount Store
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with ground-floor retail space and two apartments on the second floor.
Where is this mixed-use property located?
The property is located at 128 Coulter Ave Ardmore, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,200 SF mixed‑use building with 1,600 SF ground‑floor retail and two second‑floor apartments; Second floor offers two apartments, each approximately 800 SF; Year built: 1925
