Retail Space with Storefront
New
For Sale
Contact for pricing
1822 SPRING GARDEN STREET, Philadelphia, PA 19130
Large display windows bring natural light into the interior and face the street.
Property Size28,488 SF
Price / SF$0.17
Days on Market4
Property Features for 1822 SPRING GARDEN STREET
General Information
Standard status
Active
Size
28,488 SF
Property subtype
Commercial
Site & Location
Neighborhood
Center City
Corner Location
Yes
Anchor Co-Tenants
Christie's Deli, Kansai, Lumos Yoga & Barre, Acorn Health, Cloudline Physical Therapy, Derek Walker Ballroom
Highway Access
Yes
Building Details
Year Built
1930
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Source:
Cummingsrealtors
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 24 at 5:56PM
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 1,900-square-foot retail space features broad storefront glazing that admits natural light. The building dates to 1930. Existing co-tenants include Christie's Deli, Kansai, Lumos Yoga & Barre, Acorn Health, Cloudline Physical Therapy, and Derek Walker Ballroom.
Target and Whole Foods are one block away. Center City, I-76, I-676, and I-95 are accessible from the property.
Target and Whole Foods are one block away. Center City, I-76, I-676, and I-95 are accessible from the property.
Key Highlights
- 1,900 SF of retail space
- Large storefront windows provide natural light
- Co‑tenants include Christie's Deli, Kansai, Lumos Yoga & Barre, Acorn Health, Cloudline Physical Therapy, and Derek Walker Ballroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$321,977
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,439,540
$6.4M
Cap Rate 7%
$4,599,671
$4.6M
Cap Rate 9%
$3,577,522
$3.6M
Market Conditions
NOI Build-Up for 28,488 SF
Gross rent
$512.8K $18.00/SF
− Vacancy
−$52.8K −$1.85/SF
EGI
$460.0K $16.15/SF
− OpEx
−$138.0K −$4.84/SF
NOI
$322.0K $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%
$6,439,540
Cap Rate 7%
$4,599,671
Cap Rate 9%
$3,577,522
Alternative Uses
Best Use
Retail
$4.60M
$4.02M – $5.37M
NOI $321,977 @ 7.0% cap · market cap 6,778.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.94M
$6.08M – $8.10M
NOI $486,145 @ 7.0% cap · market cap 10,234.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,868
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Hotels & Casinos 29%
Shops & Services 22%
Dining 14%
Target
Superstores
40,372 visits/mo
0.2 miles
The Logan Philadelphia, Curio Collection By Hilton
Hotels & Casinos
19,294 visits/mo
0.4 miles
Sheraton Philidelphia
Hotels & Casinos
15,588 visits/mo
0.4 miles
Gulf Oil
Shops & Services
8,484 visits/mo
0.3 miles
Starbucks
Dining
8,406 visits/mo
0.2 miles
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Large display windows bring natural light into the interior and face the street.
Where is this retail space located?
The property is located at 1822 SPRING GARDEN STREET Philadelphia, PA.
What are key features of this property?
This property features: 1,900 SF of retail space; Large storefront windows provide natural light; Co‑tenants include Christie's Deli, Kansai, Lumos Yoga & Barre, Acorn Health, Cloudline Physical Therapy, and Derek Walker Ballroom
