Salon-Equipped Retail
New
For Sale
Contact for pricing
147 S 60TH STREET #1, Philadelphia, PA 19139
Beauty equipment and supplies are available in the space for a new tenant.
Property Size575 SF
Price / SF$2.09
Days on Market6
Property Features for 147 S 60TH STREET #1
General Information
Standard status
Active
Size
575 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Philadelphia
Building Details
Year Built
1915
Listing Agency:
West Philadelphia Real Estate
(215) 222-8100
Listed By:
George M Bantel · License #RM421034
(215) 222-8110
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 3
Last Checked: Nov 3 at 7:29AM
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 West Philadelphia 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 575-square-foot retail suite at 147 S 60th Street, Unit 1, has a history of use as a hair salon spanning more than a decade. Beauty equipment and supplies are present and available to a new tenant; the condition and operation of the fixtures are not guaranteed. The building dates to 1915.
The property is three blocks south of the 60th & Market Street El Station. The tenant is responsible for U&O tax.
The property is three blocks south of the 60th & Market Street El Station. The tenant is responsible for U&O tax.
Key Highlights
- 575‑square‑foot retail suite
- Beauty equipment and supplies are available; fixture operation is not guaranteed
- Three blocks south of the 60th & Market Street El Station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,499
Suggested Prices Based on Cap Rates
Cap Rate 5%
$129,980
$130.0K
Cap Rate 7%
$92,843
$92.8K
Cap Rate 9%
$72,211
$72.2K
Market Conditions
NOI Build-Up for 575 SF
Gross rent
$10.4K $18.00/SF
− Vacancy
−$1.1K −$1.85/SF
EGI
$9.3K $16.15/SF
− OpEx
−$2.8K −$4.84/SF
NOI
$6.5K $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%
$129,980
Cap Rate 7%
$92,843
Cap Rate 9%
$72,211
Alternative Uses
Best Use
Retail
$92.8K
$81.2K – $108.3K
NOI $6,499 @ 7.0% cap · market cap 541.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$140.2K
$122.7K – $163.5K
NOI $9,812 @ 7.0% cap · market cap 817.67%
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
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
90k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 38%
Groceries 21%
Electronics 3%
McDonald's
Dining
22,065 visits/mo
0.5 miles
Save-A-Lot
Groceries
18,565 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,945 visits/mo
0.4 miles
Exxon
Shops & Services
10,451 visits/mo
0.3 miles
AutoZone
Shops & Services
7,230 visits/mo
0.4 miles
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Beauty equipment and supplies are available in the space for a new tenant.
Where is this retail space located?
The property is located at 147 S 60TH STREET #1 Philadelphia, PA.
What are key features of this property?
This property features: 575‑square‑foot retail suite; Beauty equipment and supplies are available; fixture operation is not guaranteed; Three blocks south of the 60th & Market Street El Station
