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Redevelopment Opportunity in Philadelphia
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Pending

236 W Allegheny Ave, Philadelphia, PA 19133

67,125 SF property with redevelopment potential in Philadelphia.

Property Size67,125 SF
Lot Size2.00 Acres
Days on Market195

Property Features for 236 W Allegheny Ave

General Information

Standard status Pending
Size 67,125 SF
Lot size 2.00 Acres
Property subtype Retail
Listing Agency: JLL - Philadelphia, Pennsylvania
Listed By: Patrick Higgins · License #RS369496
Source: Crexi
Added: Feb 24 Changed: Sep 4 Last Checked: Sep 7 at 6:57AM

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 JLL - Philadelphia, Pennsylvania

Investment Insights

Based on property information with market context.

This 67,125 square foot property presents multiple redevelopment scenarios. There is an opportunity to acquire an additional 2-acre parcel positioned on 2nd Street. The current owner is negotiating with a non-profit organization to subdivide and sell that portion of the parcel, though a sales contract has not yet been agreed to. The adjacent 86,415 square foot industrial building, occupied by two retail tenants, is also available.

Key Highlights

  • Opportunity to acquire an adjacent 86,415 square foot industrial building.
  • The industrial building is occupied by two retail tenants.
  • Multiple redevelopment scenarios are possible for the industrial building.

Property Analytics

Current Use

Patriot Home Care ... Home Health Care Service Patriot Medical Center Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Acupuncture Travel Agency (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,736
Businesses Nearby
28k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 82% Dining 18%
Family Dollar Shops & Services
8,824 visits/mo 0.4 miles
Family Dollar Shops & Services
8,480 visits/mo 0.1 miles
Little Caesars Pizza Dining
4,905 visits/mo 0.4 miles
Santander Bank Shops & Services
3,410 visits/mo 0.4 miles
Advance Auto Parts Shops & Services
2,338 visits/mo 0.5 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

Market

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Retail property - 67,125 SF property with redevelopment potential in Philadelphia.
Where is this retail property located?
The property is located at 236 W Allegheny Ave Philadelphia, PA.
What are key features of this property?
This property features: Opportunity to acquire an adjacent 86,415 square foot industrial building.; The industrial building is occupied by two retail tenants.; Multiple redevelopment scenarios are possible for the industrial building.
(215) 988-5500 Call to check price and availability
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