Retail Storefront with Basement
128 SOUTH STREET #A Philadelphia, PA 19147
128 SOUTH STREET #A, Philadelphia, PA, 19147
$600,000
For Sale
$600,000
First-floor storefront with basement office space, currently operating as a nail salon.
Property Size2,020 SF
Price / SF$297.03
Days on Market10
Property Features for 128 SOUTH STREET #A
General Information
- Standard status
- Active
- Size
- 2,020 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2006
Listing agency
Premium Realty Castor Inc
(267) 475-4714
Listed by
Donald Zhang
(267) 475-4714
Source
Cummingsrealtors
Added: Jul 13 Updated: Jul 22 at 12:55AM Checked: Jul 22 at 4:59AM
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 Premium Realty Castor Inc
Investment Insights
Based on property information with market context.
Available for sale is a commercial property with a first-floor front store and a basement. The first-floor storefront is currently operating as a nail salon, while the basement can be used as office space.
The building is located on South Street in Philadelphia, near Headhouse Square and within the Queen Village area. Nearby points of interest mentioned include South Street, the Headhouse farmer’s market, Ritz movie theaters, and Penn’s Landing.
This configuration provides a street-level retail presence with additional enclosed space in the basement suitable for office use.
The building is located on South Street in Philadelphia, near Headhouse Square and within the Queen Village area. Nearby points of interest mentioned include South Street, the Headhouse farmer’s market, Ritz movie theaters, and Penn’s Landing.
This configuration provides a street-level retail presence with additional enclosed space in the basement suitable for office use.
Key Highlights
- Commercial space built in 2006 at 128‑30 South St, Philadelphia, PA 19147
- Includes a 1st‑floor front store with basement level that can be used as office space
- 1st‑floor storefront currently operates as a nail salon
Local Financial Insights For Office B
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 | $44.4k | $21.96 |
| − Vacancy | −$8.9k | −$4.41 |
| EGI | $35.4k | $17.55 |
| − OpEx | −$8.9k | −$4.39 |
| NOI | $26.6k | $13.16 |
2,020 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$379.7K
$332.3K – $443.0K
NOI $26,582 @ 7.0% cap · market cap 4.43%
Second Best
Retail
$326.1K
$285.4K – $380.5K
NOI $22,830 @ 7.0% cap · market cap 3.81%
Theoretical Best
Multifamily LT 5
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Susan Nails & Spa
Nail Salon
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FAQs
What type of property is this?
Storefront property - First-floor storefront with basement office space, currently operating as a nail salon.
Where is this storefront property located?
The property is located at 128 SOUTH STREET #A Philadelphia, PA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Commercial space built in 2006 at 128‑30 South St, Philadelphia, PA 19147; Includes a 1st‑floor front store with basement level that can be used as office space; 1st‑floor storefront currently operates as a nail salon
