Two-Story Retail Pharmacy
1631 South St Philadelphia, PA 19146
New
For Sale
$390,000
Two-story retail condo currently operating as an owner-occupied pharmacy with ground-floor retail and lower office/storage space.
Property Size1,274 SF
Price / SF$306.12
Days on Market6
Property Features for 1631 South St
General Information
- Standard status
- Active
- Size
- 1,274 SF
Building Details
- Year Built
- 1900
Listing Agency:
Mallin Panchelli Nadel Realty Inc
(215) 882-2125
Listed By:
Michael Aaron Kauffman · License #RS345545
Source:
Kandorre
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 25 at 12:54PM
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
Investment Insights
Based on property information with market context.
This two-story retail condo is currently operating as an owner-occupied, active pharmacy. The ground floor provides retail space, while the downstairs level includes office, storage, and conference space.
Located in the Graduate Hospital business district, the property is positioned for an owner-occupant or investor seeking a ready-to-operate pharmacy configuration.
The layout supports both customer-facing retail operations and functional back-of-house use with dedicated office, storage, and meeting/conference space on the lower level.
Located in the Graduate Hospital business district, the property is positioned for an owner-occupant or investor seeking a ready-to-operate pharmacy configuration.
The layout supports both customer-facing retail operations and functional back-of-house use with dedicated office, storage, and meeting/conference space on the lower level.
Key Highlights
- Two‑story retail condo built in 1900 in the Graduate Hospital business district
- Currently operating as an owner‑occupied, active pharmacy
- Ground‑floor retail space with downstairs office, storage, and conference space
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.8k | $21.00 |
| − Vacancy | −$2.1k | −$1.68 |
| EGI | $24.6k | $19.32 |
| − OpEx | −$6.2k | −$4.83 |
| NOI | $18.5k | $14.49 |
1,274 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$263.7K
$230.8K – $307.7K
NOI $18,460 @ 7.0% cap · market cap 4.73%
Second Best
Office B
$239.5K
$209.6K – $279.4K
NOI $16,765 @ 7.0% cap · market cap 4.30%
Theoretical Best
Multifamily LT 5
$310.6K
$271.8K – $362.4K
NOI $21,741 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar Off Market Nearby
- Hoa Sanh Duong Herbal — 600 Washington Ave # 6, Philadelphia, PA 19147
- NEWBOLD nutrition — 1516 Reed St, Philadelphia, PA 19146
- Fisher's Pharmacy — 1300 S 18th St, Philadelphia, PA 19146
- Morris J. White, RPh — 1414 s broad st, philadelphia, pa 19146
- Rocco J. DiMattia III, RPh — Philadelphia, PA 19146, United States
FAQs
What type of property is this?
Drug store - Two-story retail condo currently operating as an owner-occupied pharmacy with ground-floor retail and lower office/storage space.
Where is this drug store located?
The property is located at 1631 South St Philadelphia, PA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑story retail condo built in 1900 in the Graduate Hospital business district; Currently operating as an owner‑occupied, active pharmacy; Ground‑floor retail space with downstairs office, storage, and conference space
