Two-Storefront Retail
2016 SANSOM STREET, Philadelphia, PA 19103
For Sale
New
Contact for pricing
Connected commercial units include restroom facilities, a rear patio, and basement space.
Property Size1,000 SF
Price / SF$5
Days on Market6
Property Features for 2016 SANSOM STREET
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Currently Operating
Amenities
two half bathrooms
shared back patio
unfinished basement
Building Details
Year Built
Listing Agency:
Compass Pennsylvania, LLC
(267) 380-5813
Listed By:
Sochi L Lynne · License PA RS347634
(610) 329-3967
Source:
Cummingsrealtors
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:30PM
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 Compass Pennsylvania, LLC
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.
Built in 1900, this Philadelphia retail property combines two adjoining storefronts into approximately 1,000 square feet. The space has two half bathrooms, a shared patio at the rear, and an unfinished basement. It is currently configured for office use.
The property is located at 2016 Sansom Street in Philadelphia, Pennsylvania. Its storefront layout and existing office configuration provide a mix of customer-facing and work areas.
The property is located at 2016 Sansom Street in Philadelphia, Pennsylvania. Its storefront layout and existing office configuration provide a mix of customer-facing and work areas.
Key Highlights
- Two adjoining storefronts totaling approximately 1,000 square feet
- Two half bathrooms
- Shared rear patio and unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,302
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,040
$226.0K
Cap Rate 7%
$161,457
$161.5K
Cap Rate 9%
$125,578
$125.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.9K −$1.85/SF
EGI
$16.1K $16.15/SF
− OpEx
−$4.8K −$4.84/SF
NOI
$11.3K $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%
$226,040
Cap Rate 7%
$161,457
Cap Rate 9%
$125,578
Alternative Uses
Best Use
Retail
$161.5K
$141.3K – $188.4K
NOI $11,302 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 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
19,701
Businesses Nearby
266k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Apparel 26%
Hotels & Casinos 19%
Shops & Services 19%
The Ritz-Carlton, Philadelphia
Hotels & Casinos
30,824 visits/mo
0.5 miles
Starbucks
Dining
22,463 visits/mo
0.2 miles
UNIQLO
Apparel
20,066 visits/mo
0.3 miles
The Logan Philadelphia, Curio Collection By Hilton
Hotels & Casinos
19,294 visits/mo
0.5 miles
Wawa
Shops & Services
15,928 visits/mo
0.5 miles
Demographics for 19103, PA
28,717
Population
20,064
Households
1.4
Avg Household Size
36
Median Age
81%
College-Educated
98%
High-School Grad
0.6 sq mi
ZIP Area
47,862
Density / Sq Mi
$97,940
Median Household Income
$76,680
Median Earnings
$1,955
Median Rent
$551,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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
- JMJ shadowbox occasion design — philadelphia, pa 19146
- Sweet Pea Event Decorator — 2227 Grays Ferry Ave, Philadelphia, PA 19146
- Avanda Flower Shop — 401 S 16th St, Philadelphia, PA 19146
- Buttercup — The Versailles Apartments, 1530 Locust St, Philadelphia, PA 19102
- Elizabeth's Same Day Flower Delivery — 210 W Rittenhouse Square, Philadelphia, PA 19103
Frequently Asked Questions
What type of property is this?
Storefront property - Connected commercial units include restroom facilities, a rear patio, and basement space.
Where is this storefront property located?
The property is located at 2016 SANSOM STREET Philadelphia, PA.
What are key features of this property?
This property features: Two adjoining storefronts totaling approximately 1,000 square feet; Two half bathrooms; Shared rear patio and unfinished basement
