Retail Storefront
For Sale
$650,000
154-56 West Chelten Avenue, Philadelphia, PA 19144
The property supports a retail-oriented redevelopment concept.
Property Size4,448 SF
Days on Market117
Property Features for 154-56 West Chelten Avenue
General Information
Standard status
Active
Size
4,448 SF
Property subtype
Retail
Additional Details
Land Use
retail
Building Details
Building Size
4,448 SF
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Blum · License #RS290724
(267) 238-1728
Source:
Mpnrealty
Added: Jun 25
Changed: Oct 12
Last Checked: Oct 19 at 3:55AM
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 storefront property at 154-56 West Chelten Avenue, Philadelphia, PA 19144, is offered for sale with a retail or redevelopment use profile. The available information identifies the asset as a storefront property within a commercial setting.
Key Highlights
- Retail storefront property
- Retail or redevelopment use profile
- 154‑56 West Chelten Avenue, Philadelphia, PA 19144
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,272
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,440
$1.0M
Cap Rate 7%
$718,171
$718.2K
Cap Rate 9%
$558,578
$558.6K
Market Conditions
NOI Build-Up for 4,448 SF
Gross rent
$80.1K $18.00/SF
− Vacancy
−$8.2K −$1.85/SF
EGI
$71.8K $16.15/SF
− OpEx
−$21.5K −$4.84/SF
NOI
$50.3K $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%
$1,005,440
Cap Rate 7%
$718,171
Cap Rate 9%
$558,578
Alternative Uses
Best Use
Retail
$718.2K
$628.4K – $837.9K
NOI $50,272 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.08M
$948.8K – $1.27M
NOI $75,905 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,717
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 35%
Groceries 14%
Electronics 2%
McDonald's
Dining
22,820 visits/mo
0.4 miles
Wendy's
Dining
17,023 visits/mo
0.1 miles
Burger King
Dining
14,786 visits/mo
0.0 miles
Dollar Tree
Shops & Services
14,774 visits/mo
0.2 miles
Save-A-Lot
Groceries
14,471 visits/mo
0.2 miles
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Logan Florist & Gifts — 5807 Germantown Ave, Philadelphia, PA 19144
- Designs by Cleon Brown — 6043 Germantown Ave, Philadelphia, PA 19144
Frequently Asked Questions
What type of property is this?
Storefront property - The property supports a retail-oriented redevelopment concept.
Where is this storefront property located?
The property is located at 154-56 West Chelten Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Retail storefront property; Retail or redevelopment use profile; 154‑56 West Chelten Avenue, Philadelphia, PA 19144
