Two-Storefront Retail
219-221 MARKET STREET Unit 1O, Philadelphia, PA 19106
For Sale
$750,000
Ground-floor premises offer accessible entry, adaptable interiors, and basement storage.
Property Size3,733 SF
Price / SF$200.91
Days on Market120
Property Features for 219-221 MARKET STREET Unit 1O
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Floor
Taxes and HOA fees
Annual Taxes
Amenities
basement storage
Building Details
Building Size
Year Built
Listing Agency:
Realty ONE Group Focus
Listed By:
Alexis M Miles · License PA RS321407
(267) 968-4048
Source:
Wagnerrealestate
Added: Jul 14
Changed: Nov 10
Last Checked: Nov 9 at 9:06PM
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 Realty ONE Group Focus
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 Philadelphia retail property contains two street-level storefronts with flexible interior layouts and basement storage. Both spaces have wheelchair-accessible entry via an exterior ramp. The building dates to 1880, and the property is identified at 3,733 in size data.
The address is on Market Street in Old City, steps from 3rd Street. Restaurants, boutiques, historic attractions, and local businesses are among the surrounding uses. Public transportation is within walking distance, with access to I-95, I-676, Center City, and Penn’s Landing. Metered street parking is available nearby, along with public garages and commuter lots within a short walk.
The address is on Market Street in Old City, steps from 3rd Street. Restaurants, boutiques, historic attractions, and local businesses are among the surrounding uses. Public transportation is within walking distance, with access to I-95, I-676, Center City, and Penn’s Landing. Metered street parking is available nearby, along with public garages and commuter lots within a short walk.
Key Highlights
- Two street‑level storefront spaces
- Exterior ramp provides wheelchair‑accessible entry to both spaces
- Basement storage and flexible interior layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,191
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,820
$843.8K
Cap Rate 7%
$602,729
$602.7K
Cap Rate 9%
$468,789
$468.8K
Market Conditions
NOI Build-Up for 3,733 SF
Gross rent
$67.2K $18.00/SF
− Vacancy
−$6.9K −$1.85/SF
EGI
$60.3K $16.15/SF
− OpEx
−$18.1K −$4.84/SF
NOI
$42.2K $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%
$843,820
Cap Rate 7%
$602,729
Cap Rate 9%
$468,789
Alternative Uses
Best Use
Retail
$602.7K
$527.4K – $703.2K
NOI $42,191 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$910.0K
$796.3K – $1.06M
NOI $63,703 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,078
Businesses Nearby
53k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 71%
Shops & Services 19%
Dining 11%
Philadelphia Marriott Old City
Hotels & Casinos
14,972 visits/mo
0.3 miles
Kimpton Hotel Monaco Philadelphia
Hotels & Casinos
10,769 visits/mo
0.3 miles
Starbucks
Dining
5,627 visits/mo
0.1 miles
Renaissance Philadelphia Downtown Hotel
Hotels & Casinos
5,199 visits/mo
0.3 miles
Holiday Inn Express Philadelphia
Hotels & Casinos
4,463 visits/mo
0.2 miles
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Market
Average Price Trend$/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
- Holland & Stokes — 620 S 6th St, Philadelphia, PA 19147
- Underground Florals Not a walk-in bouquet florist. Custom orders only, allow a minimum of two days. — 618 Bainbridge St, Philadelphia, PA 19147
- Cactaceae — 622 pemberton st, philadelphia, pa 19147
- Ode À La Rose — 622 S 5th St, Philadelphia, PA 19147
- Cedrone's Flowers — 800 Lombard St, Philadelphia, PA 19147
Frequently Asked Questions
What type of property is this?
Storefront property - Ground-floor premises offer accessible entry, adaptable interiors, and basement storage.
Where is this storefront property located?
The property is located at 219-221 MARKET STREET Unit 1O Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two street‑level storefront spaces; Exterior ramp provides wheelchair‑accessible entry to both spaces; Basement storage and flexible interior layouts
