Retail Space in Mixed-Use
New
For Sale
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2224 GERMANTOWN AVENUE, Philadelphia, PA 19133
The space is part of a 2022 property with residential units and underground parking.
Property Size2,662 SF
Price / SF$1.46
Days on Market5
Property Features for 2224 GERMANTOWN AVENUE
General Information
Standard status
Active
Size
2,662 SF
Property subtype
Commercial
Zoning
CMX-2
Site & Location
Neighborhood
Kensington
Building Details
Year Built
2022
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia T Bilynsky · License #RS311101
(215) 413-4900
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:00PM
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.
A 2,662-square-foot retail space is available in a mixed-use building completed in 2022. The property includes 72 residential units and underground parking, with parking also available for commercial tenants. The space has 11-foot ceilings and CMX-2 zoning.
The retail premises have 250 feet of frontage along Germantown Avenue and 130 feet along N. 7th Street. SEPTA bus service is within walking distance. The property carries a full 10-year tax abatement.
Potential retail uses identified for the space include grocery, café, fitness, and household goods businesses, along with other retail formats.
The retail premises have 250 feet of frontage along Germantown Avenue and 130 feet along N. 7th Street. SEPTA bus service is within walking distance. The property carries a full 10-year tax abatement.
Potential retail uses identified for the space include grocery, café, fitness, and household goods businesses, along with other retail formats.
Key Highlights
- 2,662 SF retail space with 11' ceilings
- 250' frontage on Germantown Avenue and 130' frontage on N. 7th Street
- Mixed‑use building with 72 residential units and underground parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,086
Suggested Prices Based on Cap Rates
Cap Rate 5%
$601,720
$601.7K
Cap Rate 7%
$429,800
$429.8K
Cap Rate 9%
$334,289
$334.3K
Market Conditions
NOI Build-Up for 2,662 SF
Gross rent
$47.9K $18.00/SF
− Vacancy
−$4.9K −$1.85/SF
EGI
$43.0K $16.15/SF
− OpEx
−$12.9K −$4.84/SF
NOI
$30.1K $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%
$601,720
Cap Rate 7%
$429,800
Cap Rate 9%
$334,289
Alternative Uses
Best Use
Specialty Retail
$551.0K
$482.2K – $642.9K
NOI $38,572 @ 7.0% cap · market cap 993.61%
Second Best
Mixed Use
$451.8K
$395.3K – $527.1K
NOI $31,625 @ 7.0% cap · market cap 814.66%
Theoretical Best
Multifamily LT 5
$649.0K
$567.8K – $757.1K
NOI $45,427 @ 7.0% cap · market cap 1,170.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,190
Businesses Nearby
100k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 36%
Groceries 11%
Apparel 4%
Wendy's
Dining
15,283 visits/mo
0.5 miles
Speedway
Shops & Services
12,422 visits/mo
0.4 miles
Burger King
Dining
11,767 visits/mo
0.4 miles
Save-A-Lot
Groceries
11,355 visits/mo
0.5 miles
Dunkin' Donuts
Dining
10,026 visits/mo
0.4 miles
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - The space is part of a 2022 property with residential units and underground parking.
Where is this retail space located?
The property is located at 2224 GERMANTOWN AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 2,662 SF retail space with 11' ceilings; 250' frontage on Germantown Avenue and 130' frontage on N. 7th Street; Mixed‑use building with 72 residential units and underground parking
