Corner Mixed-Use Property with Convenience
New
For Sale
$485,000
Pending
2655 S 7th Street, Philadelphia, PA 19148
A residential apartment occupies the upper level above a functioning neighborhood shop.
Property Size1,545 SF
Days on Market3
Property Features for 2655 S 7th Street
General Information
Standard status
Pending
Size
1,545 SF
Zoning
CMX1
Site & Location
Neighborhood
Lower Moyamensing
Mixed-Use Components
retail, residential
Additional Details
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$3,127
Amenities
Ceramic Tile,Hardwood
Natural Gas
1
Yes
10' to 12'
Negotiable
Corner
Public
20000-29999
0.02
No
Estimated
On Street
Brick/Mortar
1545.00
44680.00
Building Details
Building Size
1,545 SF
Year Built
1940
Buildings
1
Listing Agency:
RPO Realtors
(609) 522-4300
Listed By:
Antonio Sciulli
Source:
Chennaultrealestate
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 31 at 3:22AM
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 RPO Realtors
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Investment Insights
Based on property information with market context.
This CMX1-zoned mixed-use property combines a ground-floor convenience store with a residential apartment above. The 1,545-square-foot building was constructed in 1940 and sits on a corner lot. The commercial space is owner-operated, while the upstairs unit is currently used as an office and for storage.
Located at 2655 S 7th Street in Philadelphia, the property is on a major bus route with direct connections to Center City. The store is available for separate purchase, and the commercial area may also be adapted to another configuration.
Located at 2655 S 7th Street in Philadelphia, the property is on a major bus route with direct connections to Center City. The store is available for separate purchase, and the commercial area may also be adapted to another configuration.
Key Highlights
- Ground‑floor convenience store with an upper‑level residential apartment
- 1,545‑square‑foot building constructed in 1940
- CMX1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,387
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,740
$447.7K
Cap Rate 7%
$319,814
$319.8K
Cap Rate 9%
$248,744
$248.7K
Market Conditions
NOI Build-Up for 1,545 SF
Gross rent
$32.4K $21.00/SF
− Vacancy
−$2.6K −$1.68/SF
EGI
$29.8K $19.32/SF
− OpEx
−$7.5K −$4.83/SF
NOI
$22.4K $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%
$447,740
Cap Rate 7%
$319,814
Cap Rate 9%
$248,744
Alternative Uses
Best Use
Specialty Retail
$319.8K
$279.8K – $373.1K
NOI $22,387 @ 7.0% cap · market cap 4.62%
Second Best
Mixed Use
$262.2K
$229.4K – $305.9K
NOI $18,355 @ 7.0% cap · market cap 3.78%
Theoretical Best
Multifamily LT 5
$376.6K
$329.6K – $439.4K
NOI $26,365 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,792
Businesses Nearby
249k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 29%
Shops & Services 25%
Groceries 21%
Dining 21%
ShopRite
Groceries
52,654 visits/mo
0.3 miles
Burlington
Apparel
35,573 visits/mo
0.2 miles
McDonald's
Dining
29,276 visits/mo
0.5 miles
Ross Dress for Less
Apparel
24,388 visits/mo
0.3 miles
Dunkin' Donuts
Dining
16,164 visits/mo
0.2 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - A residential apartment occupies the upper level above a functioning neighborhood shop.
Where is this mixed-use property located?
The property is located at 2655 S 7th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Ground‑floor convenience store with an upper‑level residential apartment; 1,545‑square‑foot building constructed in 1940; CMX1 zoning
