Mixed-Use Grocery
2836 WHARTON STREET Philadelphia, PA 19146
2836 WHARTON STREET, Philadelphia, PA, 19146
$225,000
For Sale
$225,000
First-floor grocery with food license plus an upstairs residential unit with multiple bedrooms and living space.
Property Size1,374 SF
Price / SF$163.76
Days on Market36
Property Features for 2836 WHARTON STREET
General Information
- Standard status
- Active
- Size
- 1,374 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agency
Triamond Realty
(267) 243-1892
Listed by
Suqing Fan · License #RS304225
(267) 243-1892
Source
Cummingsrealtors
Added: Jun 18 Updated: Jul 10 at 2:14PM Checked: Jul 23 at 5:19AM
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 Triamond Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes a grocery with an active food license on the first floor. The upper level features approximately five bedrooms, along with a large living area and an eat-in kitchen. Additional improvements noted include a large yard and a dry basement. The transaction involves separate deed and tax records for two mixed-use properties.
The seller notes the property is in a rapidly developing area with new construction nearby. It is described as being within minutes of Penn, CHOP, HUP, and Drexel University.
For tenants, buyers, or operators, the building offers an income-producing grocery use supported by a food license on the ground level, paired with residential space upstairs. This property is also stated to “must be sold with” 2838 Wharton Street, with both addresses sold together under one combined offering.
The seller notes the property is in a rapidly developing area with new construction nearby. It is described as being within minutes of Penn, CHOP, HUP, and Drexel University.
For tenants, buyers, or operators, the building offers an income-producing grocery use supported by a food license on the ground level, paired with residential space upstairs. This property is also stated to “must be sold with” 2838 Wharton Street, with both addresses sold together under one combined offering.
Key Highlights
- 1925‑built mixed‑use property with first‑floor grocery and an upstairs residential unit
- First floor at 2838 Wharton operates as an income‑producing grocery with a food license
- Upper floor features 5 bedrooms, large living area, and an eat‑in kitchen
Local Financial Insights For Specialty 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 | $28.9k | $21.00 |
| − Vacancy | −$2.3k | −$1.68 |
| EGI | $26.5k | $19.32 |
| − OpEx | −$6.6k | −$4.83 |
| NOI | $19.9k | $14.49 |
1,374 SF · lease $21.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$284.4K
$248.9K – $331.8K
NOI $19,909 @ 7.0% cap · market cap 8.85%
Second Best
Retail
$221.8K
$194.1K – $258.8K
NOI $15,529 @ 7.0% cap · market cap 6.90%
Theoretical Best
Multifamily LT 5
$335.0K
$293.1K – $390.8K
NOI $23,447 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Golden City
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Snyder Super Market — 2700 Snyder Ave, Philadelphia, PA 19145
- 8 Brothers Super Market — 2639 Tasker St, Philadelphia, PA 19145
- GIANT Heirloom Market — 2303 Bainbridge St, Philadelphia, PA 19146
- Pet food pantrey — 2117 S 23rd St, Philadelphia, PA 19145
FAQs
What type of property is this?
Grocery and convenience store - First-floor grocery with food license plus an upstairs residential unit with multiple bedrooms and living space.
Where is this grocery and convenience store located?
The property is located at 2836 WHARTON STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1925‑built mixed‑use property with first‑floor grocery and an upstairs residential unit; First floor at 2838 Wharton operates as an income‑producing grocery with a food license; Upper floor features 5 bedrooms, large living area, and an eat‑in kitchen
