New Retail Space with Lower
For Sale
Contact for pricing
2234 FRANKFORD AVENUE, Philadelphia, PA 19125
Open-layout retail space includes a usable lower level and ADA-compliant bathroom.
Property Size1,400 SF
Price / SF$2.50
Days on Market50
Property Features for 2234 FRANKFORD AVENUE
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Site & Location
Neighborhood
Kensington
Amenities
ADA compliant bathroom
Building Details
Year Built
2024
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Joshua M. Pagan · License #RS343730
(267) 774-4221
Source:
Cummingsrealtors
Added: Sep 11
Changed: Oct 29
Last Checked: Oct 28 at 7:59AM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
Built in 2024, this 1,400-square-foot retail space offers an open interior layout with additional usable area on the lower level. The property also includes an ADA-compliant bathroom, supporting a range of retail and commercial configurations.
The space is located at 2234 Frankford Avenue in Philadelphia’s Fishtown area.
The space is located at 2234 Frankford Avenue in Philadelphia’s Fishtown area.
Key Highlights
- 1,400‑square‑foot retail space
- 2024 construction
- Open interior layout with usable lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$316,460
$316.5K
Cap Rate 7%
$226,043
$226.0K
Cap Rate 9%
$175,811
$175.8K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$2.6K −$1.85/SF
EGI
$22.6K $16.15/SF
− OpEx
−$6.8K −$4.84/SF
NOI
$15.8K $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%
$316,460
Cap Rate 7%
$226,043
Cap Rate 9%
$175,811
Alternative Uses
Best Use
Retail
$226.0K
$197.8K – $263.7K
NOI $15,823 @ 7.0% cap · market cap 452.09%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$341.3K
$298.6K – $398.2K
NOI $23,891 @ 7.0% cap · market cap 682.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,781
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Shops & Services 19%
Electronics 15%
Dining 10%
Grocery Outlet Bargain Market
Groceries
9,949 visits/mo
0.4 miles
Boost Mobile
Electronics
3,365 visits/mo
0.4 miles
Truist
Shops & Services
3,337 visits/mo
0.3 miles
European Wax Center
Beauty & Spa
2,015 visits/mo
0.5 miles
PrimoHoagies
Dining
1,550 visits/mo
0.3 miles
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
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 - Open-layout retail space includes a usable lower level and ADA-compliant bathroom.
Where is this retail space located?
The property is located at 2234 FRANKFORD AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 1,400‑square‑foot retail space; 2024 construction; Open interior layout with usable lower level
