Two-Story Retail Pharmacy
For Sale
$390,000
1631 South St, Philadelphia, PA 19146
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 Market97
Property Features for 1631 South St
General Information
Standard status
Active
Size
1,274 SF
Site & Location
Neighborhood
South Philadelphia
Building Details
Year Built
1900
Stories
2
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Michael Aaron Kauffman · License #RS345545
(215) 882-2125
Source:
Selltheshore
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 24 at 7:30PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$18,460
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,200
$369.2K
Cap Rate 7%
$263,714
$263.7K
Cap Rate 9%
$205,111
$205.1K
Market Conditions
NOI Build-Up for 1,274 SF
Gross rent
$26.8K $21.00/SF
− Vacancy
−$2.1K −$1.68/SF
EGI
$24.6K $19.32/SF
− OpEx
−$6.2K −$4.83/SF
NOI
$18.5K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,200
Cap Rate 7%
$263,714
Cap Rate 9%
$205,111
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13,820
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
- NEWBOLD nutrition — 1516 Reed St, Philadelphia, PA 19146
- Morris J. White, RPh — 1414 s broad st, philadelphia, pa 19146
- Hoa Sanh Duong Herbal — 600 Washington Ave # 6, Philadelphia, PA 19147
- Fisher's Pharmacy — 1300 S 18th St, Philadelphia, PA 19146
- Rocco J. DiMattia III, RPh — Philadelphia, PA 19146, United States
Frequently Asked Questions
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
