Mixed-Use Convenience Store
2400 E ALLEGHENY AVENUE Philadelphia, PA 19134
2400 E ALLEGHENY AVENUE, Philadelphia, PA, 19134
$550,000
For Sale
$550,000
Convenience store space with a separate two-bedroom apartment on the second floor.
Property Size1,872 SF
Price / SF$293.80
Days on Market10
Property Features for 2400 E ALLEGHENY AVENUE
General Information
- Standard status
- Active
- Size
- 1,872 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1920
Listing Agency
United Real Estate Group
(267) 975-9054
Listed by
Raymond G Cardona
(267) 975-9054
Source
Cummingsrealtors
Added: Jul 9 Checked: Jul 18 at 4:08 am
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 United Real Estate Group
Investment Insights
Based on property information with market context.
This mixed-use property includes a convenience store and a separate two-bedroom apartment on the second floor. The building is offered for sale as a two-in-one setup, allowing an owner-operator to run the store while living upstairs, or to rent both units and collect rental income.
The convenience store and apartment are contained within the same building, providing a straightforward live-and-work configuration. The property is located at 2400 E Allegheny Avenue in Philadelphia, PA 19134.
If you’re looking for a single building with two distinct rental or operating components, this structure offers the flexibility to occupy one unit and lease the other, or lease both units as separate income streams.
The convenience store and apartment are contained within the same building, providing a straightforward live-and-work configuration. The property is located at 2400 E Allegheny Avenue in Philadelphia, PA 19134.
If you’re looking for a single building with two distinct rental or operating components, this structure offers the flexibility to occupy one unit and lease the other, or lease both units as separate income streams.
Key Highlights
- Year built: 1920
- Convenience store space plus a separate two‑bedroom apartment on the second floor
- Live upstairs and run the store, or rent out the apartment and store space to collect rent
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.3k | $21.00 |
| − Vacancy | −$3.1k | −$1.68 |
| EGI | $36.2k | $19.32 |
| − OpEx | −$9.0k | −$4.83 |
| NOI | $27.1k | $14.49 |
1,872 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$387.5K
$339.1K – $452.1K
NOI $27,125 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$302.3K
$264.5K – $352.6K
NOI $21,158 @ 7.0% cap · market cap 3.85%
Theoretical Best
Multifamily LT 5
$456.4K
$399.3K – $532.4K
NOI $31,945 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Peralta Grocery
Grocery & Convenience Store
Tejada Grocery
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Avelino's Grocery — 1816 E Orleans St, Philadelphia, PA 19134
- Save A Lot — 2132 E Lehigh Ave #2158, Philadelphia, PA 19125
- 6 Brothers Supermarket — 3141 Frankford Ave #59, Philadelphia, PA 19134
- Santiago Dominican Supermarket — 2101 E Clearfield St, Philadelphia, PA 19134
- Bea's Market — 2820 Amber St, Philadelphia, PA 19134
FAQs
What type of property is this?
Grocery and convenience store - Convenience store space with a separate two-bedroom apartment on the second floor.
Where is this grocery and convenience store located?
The property is located at 2400 E ALLEGHENY AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Year built: 1920; Convenience store space plus a separate two‑bedroom apartment on the second floor; Live upstairs and run the store, or rent out the apartment and store space to collect rent
