Retail Space in Apartment
New
For Sale
Contact for pricing
2601 PENNSYLVANIA AVENUE #CU3, Philadelphia, PA 19130
The suite has entry from both the street and the residential building’s interior.
Property Size800 SF
Price / SF$1.50
Days on Market4
Property Features for 2601 PENNSYLVANIA AVENUE #CU3
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Road Access
Yes
Additional Details
Property Use
Office
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: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:34PM
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
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.
Suite CU3 at 2601 Pennsylvania Avenue in Philadelphia offers 800 square feet of retail space within a residential building completed in 1947. The building contains 488 apartments, with access to the suite available from the street and the building interior.
The property is across from Fairmount Park. Its address is 2601 Pennsylvania Avenue, Philadelphia, PA 19130.
The property is across from Fairmount Park. Its address is 2601 Pennsylvania Avenue, Philadelphia, PA 19130.
Key Highlights
- 800 SF retail suite
- Located in a residential building with 488 apartments
- Access from both the street and the building interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,042
Suggested Prices Based on Cap Rates
Cap Rate 5%
$180,840
$180.8K
Cap Rate 7%
$129,171
$129.2K
Cap Rate 9%
$100,467
$100.5K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$14.4K $18.00/SF
− Vacancy
−$1.5K −$1.85/SF
EGI
$12.9K $16.15/SF
− OpEx
−$3.9K −$4.84/SF
NOI
$9.0K $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%
$180,840
Cap Rate 7%
$129,171
Cap Rate 9%
$100,467
Alternative Uses
Best Use
Specialty Retail
$165.6K
$144.9K – $193.2K
NOI $11,592 @ 7.0% cap · market cap 966.00%
Second Best
Retail
$129.2K
$113.0K – $150.7K
NOI $9,042 @ 7.0% cap · market cap 753.50%
Theoretical Best
Multifamily LT 5
$195.0K
$170.7K – $227.5K
NOI $13,652 @ 7.0% cap · market cap 1,137.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,907
Businesses Nearby
25k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - The suite has entry from both the street and the residential building’s interior.
Where is this retail space located?
The property is located at 2601 PENNSYLVANIA AVENUE #CU3 Philadelphia, PA.
What are key features of this property?
This property features: 800 SF retail suite; Located in a residential building with 488 apartments; Access from both the street and the building interior
