New Construction Retail
1314 Spring Garden Street, Philadelphia, PA 19123
For Sale
Contact for pricing
CMX-4 zoning, covered loading access, and placement within a 149-unit apartment building support commercial occupancy.
Property Size1,609 SF
Price / SF$2.08
Days on Market271
Property Features for 1314 Spring Garden Street
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Site & Location
Neighborhood
Highway Access
Additional Details
Floor
Amenities
covered loading area
Other
Yes
No
206.00 x 100.00
0.47
Assessor
1
Building Details
Year Built
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 413-4900
Listed By:
Dennis J Carlisle · License #RS330429
(215) 805-8620
Source:
Thetristaterealestategroup
Added: Feb 9
Changed: Nov 2
Last Checked: Nov 6 at 5:49AM
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 Mallin Panchelli Nadel Realty Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,609 +/- SF retail space is part of a 2025 new-construction apartment development and occupies the building’s ground floor. The premises feature 16-foot ceiling heights and access to a covered loading area with 30-foot clear height. Potential parking is available for a commercial tenant.
The property is positioned above the Spring Garden SEPTA Subway Station, providing direct access to the Broad Street Line and area bus service. Center City is one stop away, while Temple University is three stops away. The site also connects with I-676, I-95, and I-76. CMX-4 zoning applies to the property, which is situated within an area characterized by ongoing commercial and residential development between City Hall and Temple University.
The property is positioned above the Spring Garden SEPTA Subway Station, providing direct access to the Broad Street Line and area bus service. Center City is one stop away, while Temple University is three stops away. The site also connects with I-676, I-95, and I-76. CMX-4 zoning applies to the property, which is situated within an area characterized by ongoing commercial and residential development between City Hall and Temple University.
Key Highlights
- Approximately 1,609 +/- SF of new‑construction retail space
- 2025 construction with 16‑foot ceiling heights
- Covered loading area with 30‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,185
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,700
$363.7K
Cap Rate 7%
$259,786
$259.8K
Cap Rate 9%
$202,056
$202.1K
Market Conditions
NOI Build-Up for 1,609 SF
Gross rent
$29.0K $18.00/SF
− Vacancy
−$3.0K −$1.85/SF
EGI
$26.0K $16.15/SF
− OpEx
−$7.8K −$4.84/SF
NOI
$18.2K $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%
$363,700
Cap Rate 7%
$259,786
Cap Rate 9%
$202,056
Alternative Uses
Best Use
Retail
$259.8K
$227.3K – $303.1K
NOI $18,185 @ 7.0% cap · market cap 542.51%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$392.2K
$343.2K – $457.6K
NOI $27,457 @ 7.0% cap · market cap 819.12%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,092
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 48%
Shops & Services 26%
Dining 25%
Four Points by Sheraton Philadelphia City Center Hotel
Hotels & Casinos
15,625 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,196 visits/mo
0.5 miles
Days Inn Philadelphia
Hotels & Casinos
7,783 visits/mo
0.5 miles
Best Western Plus Philadelphia Convention Center Hotel
Hotels & Casinos
7,284 visits/mo
0.3 miles
Starbucks
Dining
6,781 visits/mo
0.1 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
$544,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Philadelphia, PA
Properties on Market for Retail space in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - CMX-4 zoning, covered loading access, and placement within a 149-unit apartment building support commercial occupancy.
Where is this retail space located?
The property is located at 1314 Spring Garden Street Philadelphia, PA.
What are key features of this property?
This property features: Approximately 1,609 +/- SF of new‑construction retail space; 2025 construction with 16‑foot ceiling heights; Covered loading area with 30‑foot clear height
