Mixed-Use Property with Retail
For Sale
Contact for pricing
1401 GERMANTOWN AVENUE, Philadelphia, PA 19122
Corner commercial space combines high ceilings, expansive storefront glazing, and access to public transportation.
Property Size63,000 SF
Price / SF$0.11
Days on Market50
Property Features for 1401 GERMANTOWN AVENUE
General Information
Standard status
Active
Size
63,000 SF
Property subtype
Commercial
Zoning
IRMX
Site & Location
Neighborhood
Olde Kensington
Corner Location
Yes
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
Ground
Office Units
1
Amenities
high ceilings
large storefront windows
Building Details
Year Built
1950
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Source:
Cummingsrealtors
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 3 at 6:43AM
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
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Investment Insights
Based on property information with market context.
This mixed-use property includes 4,000 SF of ground-floor retail and office space within a building completed in 1950. The corner position provides frontage on Germantown Avenue and Master Street, while high ceilings and large storefront windows bring natural light into the commercial area. The space was previously occupied by a technology office and is zoned IRMX.
The property is located at 1401 Germantown Avenue in Philadelphia, with access to public transportation, Center City, I-95, and the Ben Franklin Bridge. Residential density is built into the setting, with 60 units above the commercial spaces and 400 additional units within a couple block radius.
The property is located at 1401 Germantown Avenue in Philadelphia, with access to public transportation, Center City, I-95, and the Ben Franklin Bridge. Residential density is built into the setting, with 60 units above the commercial spaces and 400 additional units within a couple block radius.
Key Highlights
- 4,000 SF of ground‑floor retail and office space
- 100' of frontage along Germantown Avenue
- 62' of frontage along Master Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$712,039
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,240,780
$14.2M
Cap Rate 7%
$10,171,986
$10.2M
Cap Rate 9%
$7,911,544
$7.9M
Market Conditions
NOI Build-Up for 63,000 SF
Gross rent
$1.13M $18.00/SF
− Vacancy
−$116.8K −$1.85/SF
EGI
$1.02M $16.15/SF
− OpEx
−$305.2K −$4.84/SF
NOI
$712.0K $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%
$14,240,780
Cap Rate 7%
$10,171,986
Cap Rate 9%
$7,911,544
Alternative Uses
Best Use
Office B
$11.84M
$10.36M – $13.82M
NOI $829,050 @ 7.0% cap · market cap 12,435.13%
Second Best
Mixed Use
$10.69M
$9.36M – $12.47M
NOI $748,440 @ 7.0% cap · market cap 11,226.04%
Theoretical Best
Multifamily LT 5
$15.36M
$13.44M – $17.92M
NOI $1,075,088 @ 7.0% cap · market cap 16,125.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,353
Businesses Nearby
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 Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner commercial space combines high ceilings, expansive storefront glazing, and access to public transportation.
Where is this mixed-use property located?
The property is located at 1401 GERMANTOWN AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 4,000 SF of ground‑floor retail and office space; 100' of frontage along Germantown Avenue; 62' of frontage along Master Street
