Retail
2440 KENSINGTON AVENUE #100, Philadelphia, PA 19125
For Sale
Contact for pricing
The space can accommodate salon, office, or other retail uses.
Property Size2,000 SF
Price / SF$1.25
Days on Market54
Property Features for 2440 KENSINGTON AVENUE #100
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Howard Hanna Real Estate Services
(215) 643-2500
Listed By:
William Theodore Eagles Jr. · License PA RS346823
(215) 740-2856
Source:
Cummingsrealtors
Added: Sep 22
Changed: Nov 12
Last Checked: Nov 12 at 7:50AM
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 Howard Hanna Real Estate Services
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 2,000-square-foot retail space was built in 2020. Its stated use potential includes salon, office, and other retail applications.
Key Highlights
- 2,000 square feet of retail space
- Built in 2020
- Potential for salon, office, or other retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,604
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,080
$452.1K
Cap Rate 7%
$322,914
$322.9K
Cap Rate 9%
$251,156
$251.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.0K $18.00/SF
− Vacancy
−$3.7K −$1.85/SF
EGI
$32.3K $16.15/SF
− OpEx
−$9.7K −$4.84/SF
NOI
$22.6K $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%
$452,080
Cap Rate 7%
$322,914
Cap Rate 9%
$251,156
Alternative Uses
Best Use
Retail
$322.9K
$282.6K – $376.7K
NOI $22,604 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,554
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 32%
Groceries 13%
Electronics 4%
McDonald's
Dining
28,372 visits/mo
0.4 miles
Wendy's
Dining
15,283 visits/mo
0.4 miles
Sunoco
Shops & Services
13,336 visits/mo
0.4 miles
Lukoil
Shops & Services
12,432 visits/mo
0.4 miles
Checkers
Dining
12,268 visits/mo
0.4 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
$373,600
Median Home Value
Market
Average Price Trend$/SF for Retail space in Philadelphia, PA
Properties on Market for Retail space in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - The space can accommodate salon, office, or other retail uses.
Where is this retail space located?
The property is located at 2440 KENSINGTON AVENUE #100 Philadelphia, PA.
What are key features of this property?
This property features: 2,000 square feet of retail space; Built in 2020; Potential for salon, office, or other retail uses
