Storefront with Finished
1551 N FRANKLIN STREET, Philadelphia, PA 19122
For Sale
New
Contact for pricing
A two-level commercial layout pairs a customer-facing main floor with separate support space below.
Property Size1,400 SF
Price / SF$1.28
Days on Market5
Property Features for 1551 N FRANKLIN STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
wood-look plank flooring
recessed lighting
decorative fixtures
open main level
full finished basement
two private restrooms
fenced rear yard
Building Details
Year Built
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Tim Brogan · License PA RS314019
(215) 620-9341
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 8:02AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,400-square-foot, first-floor storefront at 1551 N Franklin Street includes an open main level, a full finished basement, and two private restrooms. Large windows and a glass double-door entry bring daylight into the space, while wood-look plank flooring, recessed lights, and decorative fixtures establish the interior finish. A fenced rear yard is also accessible from the property. The building was constructed in 2019.
The property occupies a corner position with exposure from two streets. The open storefront can accommodate retail displays, salon or barber services, or a professional office setup, as described for the space. The basement provides a distinct area for inventory, supplies, or administrative functions, leaving the main floor available for customer-facing activity.
The property occupies a corner position with exposure from two streets. The open storefront can accommodate retail displays, salon or barber services, or a professional office setup, as described for the space. The basement provides a distinct area for inventory, supplies, or administrative functions, leaving the main floor available for customer-facing activity.
Key Highlights
- 1,400 square feet with an open first‑floor storefront and full finished basement
- Corner position with visibility from two streets
- Large windows and glass double‑door entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,460
$316.5K
Cap Rate 7%
$226,043
$226.0K
Cap Rate 9%
$175,811
$175.8K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.6K −$1.85/SF
EGI
$22.6K $16.15/SF
− OpEx
−$6.8K −$4.84/SF
NOI
$15.8K $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%
$316,460
Cap Rate 7%
$226,043
Cap Rate 9%
$175,811
Alternative Uses
Best Use
Retail
$226.0K
$197.8K – $263.7K
NOI $15,823 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap
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
2,745
Businesses Nearby
35k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 47%
Home Improvements & Furnishings 6%
Dunkin' Donuts
Dining
14,354 visits/mo
0.4 miles
Sunoco
Shops & Services
9,869 visits/mo
0.3 miles
The UPS Store
Shops & Services
4,184 visits/mo
0.4 miles
Papa John's Pizza
Dining
2,165 visits/mo
0.3 miles
Ace On Girard
Home Improvements & Furnishings
2,032 visits/mo
0.4 miles
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
$341,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Philadelphia, PA
Properties on Market for Storefront properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Storefront property - A two-level commercial layout pairs a customer-facing main floor with separate support space below.
Where is this storefront property located?
The property is located at 1551 N FRANKLIN STREET Philadelphia, PA.
What are key features of this property?
This property features: 1,400 square feet with an open first‑floor storefront and full finished basement; Corner position with visibility from two streets; Large windows and glass double‑door entrance
