Corner Day Care Commercial
For Sale
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2601 PENNSYLVANIA AVENUE #CU2, Philadelphia, PA 19130
Corner commercial unit in Parkway Condominiums, built in 1947, currently operating as a daycare with easy car and public transit access.
Property Size1,450 SF
Price / SF$1.59
Days on Market95
Property Features for 2601 PENNSYLVANIA AVENUE #CU2
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Corner Location
Yes
Building Details
Year Built
1947
Listing Agency:
BHHS Fox & Roach-Art Museum
(215) 763-2100
Listed By:
Shane Holcomb
(570) 947-4775
Source:
Cummingsrealtors
Added: Jul 28
Changed: Oct 29
Last Checked: Oct 28 at 7:26AM
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 BHHS Fox & Roach-Art Museum
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Investment Insights
Based on property information with market context.
This corner commercial unit is located within the Parkway Condominiums and is currently operating as a daycare. With approximately 1,450 SF of interior space and a year built of 1947, the property supports continued daycare operations or use by another business concept.
The space benefits from its position in a highly walkable Fairmount area, with nearby access to the Philadelphia Museum of Art, Kelly Drive, Boathouse Row, Fairmount Avenue, and the Benjamin Franklin Parkway. The property is described as having easy accessibility by car and public transportation.
As a versatile commercial option inside a condominium setting, the unit is positioned for a neighborhood-serving tenant that values a prominent corner presence and proximity to major destinations.
The space benefits from its position in a highly walkable Fairmount area, with nearby access to the Philadelphia Museum of Art, Kelly Drive, Boathouse Row, Fairmount Avenue, and the Benjamin Franklin Parkway. The property is described as having easy accessibility by car and public transportation.
As a versatile commercial option inside a condominium setting, the unit is positioned for a neighborhood-serving tenant that values a prominent corner presence and proximity to major destinations.
Key Highlights
- Approximately 1,450 SF corner commercial unit within Parkway Condominiums
- Currently operating as a daycare for many years
- Built in 1947
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,011
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,220
$420.2K
Cap Rate 7%
$300,157
$300.2K
Cap Rate 9%
$233,456
$233.5K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$30.5K $21.00/SF
− Vacancy
−$2.4K −$1.68/SF
EGI
$28.0K $19.32/SF
− OpEx
−$7.0K −$4.83/SF
NOI
$21.0K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,220
Cap Rate 7%
$300,157
Cap Rate 9%
$233,456
Alternative Uses
Best Use
Specialty Retail
$300.2K
$262.6K – $350.2K
NOI $21,011 @ 7.0% cap · market cap 913.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$353.5K
$309.3K – $412.4K
NOI $24,744 @ 7.0% cap · market cap 1,075.83%
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
1,907
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 22%
Dollar Tree
Shops & Services
9,126 visits/mo
0.3 miles
Gulf Oil
Shops & Services
8,484 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
5,555 visits/mo
0.2 miles
Fulton Bank
Shops & Services
1,270 visits/mo
0.5 miles
Ace Cash Express
Shops & Services
668 visits/mo
0.4 miles
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- College Child Development Center — 440 n 16th st, philadelphia, pa 19130
- Community Preschool — 3320 Spring Garden St, Philadelphia, PA 19104
- Fairmount Early Intervention — 2000 Hamilton St, Philadelphia, PA 19130
- Clementine Montessori School — 2000 Hamilton St, Philadelphia, PA 19130
- Children's Activity Center — 2417 Fairmount Ave, Philadelphia, PA 19130
Frequently Asked Questions
What type of property is this?
Day care center - Corner commercial unit in Parkway Condominiums, built in 1947, currently operating as a daycare with easy car and public transit access.
Where is this day care center located?
The property is located at 2601 PENNSYLVANIA AVENUE #CU2 Philadelphia, PA.
What are key features of this property?
This property features: Approximately 1,450 SF corner commercial unit within Parkway Condominiums; Currently operating as a daycare for many years; Built in 1947
