Building Details

Building Size 3,720 SF

Year Built 1921

Buildings 1

Stories 3

Listing Agency: EXP Realty, LLC

Listed By: Omar Guerrero · License #Rs377054 Show Phone

Source: Patmckennarealtors

Added: Oct 16 Last Checked: Oct 16 at 10:46AM

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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 EXP Realty, LLC

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Investment Insights

Based on property information with market context.

This three-story mixed-use building, constructed circa 1921, contains 3,720 square feet on a 2,286-square-foot lot. The property is a shell requiring full rehabilitation and is being sold as-is. CMX-2 zoning applies; buyers should verify permitted uses.

The parcel extends from Frankford Avenue to Amber Street, providing frontage on both streets. It is in East Kensington along the Frankford Avenue corridor, near restaurants, cafés, and nightlife, with access to the Market-Frankford Line and I-95.

Key Highlights

• Through‑lot parcel connects Frankford Avenue and Amber Street
• 3,720 SF building on a 2,286 SF lot
• Three‑story building constructed circa 1921

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,194

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$883,880 $883.9K

Cap Rate 7%

$631,343 $631.3K

Cap Rate 9%

$491,044 $491.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,720 SF

Gross rent

$80.4K $21.60/SF

− Vacancy

−$9.6K −$2.59/SF

EGI

$70.7K $19.01/SF

− OpEx

−$26.5K −$7.13/SF

NOI

$44.2K $11.88/SF

Area

Philadelphia, PA

Vacancy

12.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$883,880

Cap Rate 7%

$631,343

Cap Rate 9%

$491,044

Alternative Uses

Best Use

Mixed Use

$631.3K

$552.4K – $736.6K (±1% cap)

NOI $44,194 @ 7.0% cap · market cap 4.91%

Second Best

Retail

$600.6K

$525.6K – $700.7K (±1% cap)

NOI $42,044 @ 7.0% cap · market cap 4.67%

Theoretical Best

Multifamily LT 5

$906.9K

$793.5K – $1.06M (±1% cap)

NOI $63,481 @ 7.0% cap · market cap 7.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

N&N Bro Roofing ... Roofing Company

Suggested Use

Top Pick Law Firm Parking Lot & Garage Travel Agency Acupuncture Tech Support Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

2,527

Businesses Nearby

94k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 54% Shops & Services 34% Groceries 8% Electronics 4%

Dunkin' Donuts Dining

18,106 visits/mo 0.5 miles

Wendy's Dining

17,024 visits/mo 0.5 miles

Sunoco Shops & Services

13,336 visits/mo 0.2 miles

Sunoco Shops & Services

11,637 visits/mo 0.4 miles

Cold Stone Creamery Dining

8,163 visits/mo 0.5 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

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019

8.2% 2020

7.8% 2021

6.6% 2022

6.2% 2023

5.5% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A three-story shell spans between Frankford Avenue and Amber Street, with access from both streets and CMX-2 zoning.

Where is this mixed-use property located?

The property is located at 2617 FRANKFORD AVENUE Philadelphia, PA.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: Through‑lot parcel connects Frankford Avenue and Amber Street; 3,720 SF building on a 2,286 SF lot; Three‑story building constructed circa 1921