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    Versatile Retail Space in Port Richmond Title is generated by Realmo AI

    2512 E Clearfield St, Philadelphia, PA

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    Retail space with redevelopment potential in vibrant Port Richmond.

    Type:RETAIL
    Property size:
    14,403 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $128/SF
    Added:
    Aug 28, 2025
    Days on Market:
    288
    Last Refresh:
    May 20 at 9:39 pm

    Property Features for 2512 E Clearfield St

    General Information

    Standard status
    Active
    Size
    14,403 SF
    Lot size
    0.19 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Kenneth W. Mallin
    Kenneth W. Mallin

    Listing agent Kenneth W. Mallin License #RS290724

    Listing office MPN Realty, Inc.

    Listing date Aug 28, 2025

    Source Moodyscre

    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 MPN Realty, Inc.

    HighLights

    • CMX 2 zoning allows for many retail uses.
    • Building footprint of 8,550 sq ft and adjacent lot of 5,750 sq ft.
    • Frontage on four streets: Clearfield, Gaul, Commissioner, and Miller Streets.
    • 16 garages facing Gaul St can be redeveloped or used for parking/play area.
    • Convenient highway access just off I‑95.
    • Unique column‑free interior space (originally a theater).

    Overview

    This versatile retail space, formerly a theater, is located in Port Richmond, just off I-95, offering convenient highway access. The property has no columns, except for those supporting a small mezzanine. The building footprint is 8,550 square feet, and the adjacent lot covers 5,750 square feet, totaling a property size of 14,403 square feet. The property has frontage on four streets: Clearfield, Gaul, Commissioner, and Miller Streets. The section facing Gaul Street currently features 16 garages that can be torn down for redevelopment or to provide play or parking space. The most recent use of the property was as a pharmacy. The CMX 2 zoning allows for many retail uses. This property suffered a small fire which forced the relocation of the previous tenant. Take advantage of the vibrant Port Richmond community and flexible zoning.

    Local Financial Insights For 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 $259.3k $18.00
    − Vacancy −$26.7k −$1.85
    EGI $232.6k $16.15
    − OpEx −$69.8k −$4.84
    NOI $162.8k $11.30
    14,403 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.33M
    $2.03M – $2.71M (±1% cap)
    NOI $162,786 @ 7.0% cap · market cap 8.80%
    Second Best
    Industrial
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,741 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Multifamily LT 5
    $3.51M
    $3.07M – $4.10M (±1% cap)
    NOI $245,786 @ 7.0% cap · market cap 13.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Port Richmond Pharmacy Pharmacy

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1075
    Latitude
    39.9853

    FAQs

    What type of property is this?
    Retail space - Retail space with redevelopment potential in vibrant Port Richmond.
    Where is this retail space located?
    The property is located at 2512 E Clearfield St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: CMX 2 zoning allows for many retail uses.; Building footprint of 8,550 sq ft and adjacent lot of 5,750 sq ft.; Frontage on four streets: Clearfield, Gaul, Commissioner, and Miller Streets.
    (215) 413-4900 Call to check price and availability
    More about this property
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