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Commercial Development Land with Auto Tenants
For Sale
$1,550,000

1500-12 Alter Street, Philadelphia, PA 19146

Development land with 105 feet of frontage and two auto-related tenants currently paying rent.

Property SizeContact for details
Lot Size0.15 Acres
Days on Market108

Property Features for 1500-12 Alter Street

General Information

Standard status Active
Lot size 0.15 Acres
Property subtype Commercial
Lease Term []

Additional Details

Road Access Yes

Building Details

Year Built 1920
Tenancy Multi
Listing Agency: KW Empower
Listed By: Nathan W Capp
Source: Deepcreeklake
Added: May 23 Changed: Sep 6 Last Checked: Sep 7 at 11:07AM

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 KW Empower

Investment Insights

Based on property information with market context.

This development site offers a large parcel with existing income from two auto-related tenants paying rent. The property includes 105 feet of frontage and runs 62 feet in depth, with space indicated to accommodate up to 25+ units with parking as part of a future development plan.

The site is located on Alter St, one block south of Washington Ave. It is positioned to allow for development while maintaining current tenant revenue in the meantime.

The offering presents a practical combination of an income-producing automotive setup and a defined development footprint, supported by the stated frontage and depth dimensions for planning purposes.

Key Highlights

  • Development opportunity on Alter St, one block south of Washington Ave
  • 105 ft of frontage along Alter St with 62 ft depth
  • Property can fit up to 25+ units with parking (per listing notes)

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Electrical Service Nursing Home HVAC Service Tanning Salon Adult Day Care (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,649
Businesses Nearby
115k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 55% Dining 22% Groceries 20% Home Improvements & Furnishings 3%
Sprouts Farmers Market Groceries
23,111 visits/mo 0.1 miles
Lukoil Shops & Services
12,955 visits/mo 0.3 miles
Family Dollar Shops & Services
9,909 visits/mo 0.1 miles
7-Eleven Shops & Services
9,824 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
9,442 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Development land with 105 feet of frontage and two auto-related tenants currently paying rent.
Where is this commercial land located?
The property is located at 1500-12 Alter Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Development opportunity on Alter St, one block south of Washington Ave; 105 ft of frontage along Alter St with 62 ft depth; Property can fit up to 25+ units with parking (per listing notes)
More about this property
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