Point Breeze Mixed-Use Development
For Sale
Contact for pricing
1437 Point Breeze Ave, Philadelphia, PA 19146
Approved mixed-use development site in Point Breeze.
Property Size1,853 SF
Price / SF$188.88
Days on Market228
Property Features for 1437 Point Breeze Ave
General Information
Standard status
Active
Size
1,853 SF
Property subtype
Mixed Use, Multifamily, Retail
Zoning
CMX-2
Building Details
Year Built
1914
Buildings
1
Stories
2
Listing Agency:
McCann Commercial Real Estate
Listed By:
Sam Akif · License #RS331003
(215) 617-6142
Source:
Crexi
Added: Mar 9
Changed: Oct 12
Last Checked: Oct 20 at 6:04PM
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 McCann Commercial Real Estate
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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.
This property represents an investment opportunity in the Point Breeze commercial corridor. The site has approved plans and permits for a mixed-use building. The planned construction includes 6 residential units and a ground-floor commercial space. The property is located on a high-visibility block. The location is expected to benefit from strong rental demand and a growing retail presence. The property is described as 'shovel-ready' for developers. The location provides access to Center City, public transit, cafes, and parks.
Key Highlights
- Approved plans and permits for a 6‑unit residential and commercial mixed‑use building.
- 'Shovel‑ready' development site, offering immediate construction potential.
- Prime location in the high‑visibility Point Breeze commercial corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,147
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,940
$582.9K
Cap Rate 7%
$416,386
$416.4K
Cap Rate 9%
$323,856
$323.9K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$56.3K $30.36/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$53.0K $28.60/SF
− OpEx
−$23.8K −$12.87/SF
NOI
$29.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,940
Cap Rate 7%
$416,386
Cap Rate 9%
$323,856
Alternative Uses
Best Use
Apartment 5plus
$416.4K
$364.3K – $485.8K
NOI $29,147 @ 7.0% cap · market cap 8.33%
Second Best
Mixed Use
$314.5K
$275.2K – $366.9K
NOI $22,014 @ 7.0% cap · market cap 6.29%
Theoretical Best
Multifamily LT 5
$451.7K
$395.3K – $527.0K
NOI $31,621 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,586
Businesses Nearby
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Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Approved mixed-use development site in Point Breeze.
Where is this mixed-use property located?
The property is located at 1437 Point Breeze Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approved plans and permits for a 6‑unit residential and commercial mixed‑use building.; 'Shovel‑ready' development site, offering immediate construction potential.; Prime location in the high‑visibility Point Breeze commercial corridor.
