Storefront Property With Basement
1908 E PASSYUNK AVENUE, Philadelphia, PA 19148
For Sale
Contact for pricing
Commercial space features an attractive brick interior and tenant-specific installation flexibility.
Property Size1,550 SF
Price / SF$1.53
Days on Market100
Property Features for 1908 E PASSYUNK AVENUE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
basement storage
Building Details
Year Built
Construction
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Gaeton P Gialloreto · License PA RS378221
(215) 694-8960
Source:
Cummingsrealtors
Added: Aug 5
Changed: Nov 10
Last Checked: Nov 12 at 7:18AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This approximately 1,550-square-foot storefront property at 1908 E Passyunk Avenue includes an attractive brick interior, a brand-new storefront, and a clean, dry basement for storage. The owner is completing the drywall and will coordinate final wall completion around tenant requirements, including potential electrical, plumbing, or specialty installations.
The property is positioned along East Passyunk Avenue in Philadelphia’s East Passyunk neighborhood, with surrounding restaurants, local retailers, and residential activity. The space is suited to uses identified in the property information, including boutique retail, a cafe, coffee shop, salon, professional office, wellness studio, gallery, or specialty service business. The building was constructed in 1911.
The property is positioned along East Passyunk Avenue in Philadelphia’s East Passyunk neighborhood, with surrounding restaurants, local retailers, and residential activity. The space is suited to uses identified in the property information, including boutique retail, a cafe, coffee shop, salon, professional office, wellness studio, gallery, or specialty service business. The building was constructed in 1911.
Key Highlights
- Approximately 1,550 sq. ft. of commercial space
- Brand‑new storefront with an attractive brick interior
- Clean, dry basement provides additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,518
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,360
$350.4K
Cap Rate 7%
$250,257
$250.3K
Cap Rate 9%
$194,644
$194.6K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$27.9K $18.00/SF
− Vacancy
−$2.9K −$1.85/SF
EGI
$25.0K $16.15/SF
− OpEx
−$7.5K −$4.84/SF
NOI
$17.5K $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%
$350,360
Cap Rate 7%
$250,257
Cap Rate 9%
$194,644
Alternative Uses
Best Use
Retail
$250.3K
$219.0K – $292.0K
NOI $17,518 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$377.9K
$330.6K – $440.9K
NOI $26,451 @ 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
4,060
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 16%
Electronics 2%
Apparel 2%
Citizens Bank
Shops & Services
16,632 visits/mo
0.1 miles
TD Bank
Shops & Services
14,055 visits/mo
0.2 miles
Lukoil
Shops & Services
12,912 visits/mo
0.4 miles
Wells Fargo
Shops & Services
8,249 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,109 visits/mo
0.4 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Philadelphia, PA
Properties on Market for Storefront properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Petals Florist & Decorators — 1641 W Porter St, Philadelphia, PA 19145
- Petal Pusher Florist & Decorators — 2515 S Broad St, Philadelphia, PA 19148
- Pat FLORIST — 608 E Snyder Ave, Philadelphia, PA 19148
- Cullinan Flowers Inc — 2236 S Woodstock St, Philadelphia, PA 19145
- Creations by Coppola — 1724 E Passyunk Ave #1, Philadelphia, PA 19148
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space features an attractive brick interior and tenant-specific installation flexibility.
Where is this storefront property located?
The property is located at 1908 E PASSYUNK AVENUE Philadelphia, PA.
What are key features of this property?
This property features: Approximately 1,550 sq. ft. of commercial space; Brand‑new storefront with an attractive brick interior; Clean, dry basement provides additional storage
