Warehouse-to-Retail Conversion
For Sale
Contact for pricing
1301 Germantown Avenue, Philadelphia, PA 19122
Two adjacent buildings are offered together for a warehouse-to-retail or mixed-use conversion with flexible assemblage options.
Property Size9,996 SF
Lot Size0.11 Acres
Price / SF$200.08
Days on Market100
Property Features for 1301 Germantown Avenue
General Information
Standard status
Active
Size
9,996 SF
Lot size
0.11 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
RSA-5, ICMX
Site & Location
Neighborhood
Olde Kensington
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Equity CRE
Listed By:
Steve Jeffries · License #RS311123
(484) 531-2250
Source:
Crexi
Added: Jul 23
Changed: Oct 26
Last Checked: Oct 28 at 8:07AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Equity CRE presents 1301-03 and 1306 Germantown Avenue, an assemblage designed for a warehouse-to-retail or mixed-use conversion. The offering includes two adjacent properties that total approximately 9,996 SF of building area on 4,751 SF of land, with the ability to combine the buildings for greater flexibility for investors, users, or developers.
The properties are located in Philadelphia’s Olde Kensington area, steps away from Northern Liberties. The surrounding area is seeing substantial residential growth, with thousands of new apartment units recently delivered or planned nearby, supporting ongoing demand for residential, retail, or mixed-use concepts.
The warehouse construction dates to 1900, offering an opportunity for redevelopment in a neighborhood benefiting from continued housing expansion.
The properties are located in Philadelphia’s Olde Kensington area, steps away from Northern Liberties. The surrounding area is seeing substantial residential growth, with thousands of new apartment units recently delivered or planned nearby, supporting ongoing demand for residential, retail, or mixed-use concepts.
The warehouse construction dates to 1900, offering an opportunity for redevelopment in a neighborhood benefiting from continued housing expansion.
Key Highlights
- Two adjacent properties totaling approx. 9,996 SF building area
- Assemblage on approx. 4,751 SF of land
- Ability to combine the buildings for greater flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,977
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,259,540
$2.3M
Cap Rate 7%
$1,613,957
$1.6M
Cap Rate 9%
$1,255,300
$1.3M
Market Conditions
NOI Build-Up for 9,996 SF
Gross rent
$179.9K $18.00/SF
− Vacancy
−$18.5K −$1.85/SF
EGI
$161.4K $16.15/SF
− OpEx
−$48.4K −$4.84/SF
NOI
$113.0K $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%
$2,259,540
Cap Rate 7%
$1,613,957
Cap Rate 9%
$1,255,300
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,977 @ 7.0% cap · market cap 5.65%
Second Best
Warehouse
$1.46M
$1.28M – $1.70M
NOI $102,245 @ 7.0% cap · market cap 5.11%
Theoretical Best
Multifamily LT 5
$2.44M
$2.13M – $2.84M
NOI $170,581 @ 7.0% cap · market cap 8.53%
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
3,353
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
Market
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Warehouse - Two adjacent buildings are offered together for a warehouse-to-retail or mixed-use conversion with flexible assemblage options.
Where is this warehouse located?
The property is located at 1301 Germantown Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two adjacent properties totaling approx. 9,996 SF building area; Assemblage on approx. 4,751 SF of land; Ability to combine the buildings for greater flexibility
