Mixed-Use Property with
For Sale
$225,000
2838 Wharton St, Philadelphia, PA 19146
Grocery operations occupy the ground floor, with residential space and a yard above and behind the building.
Property Size1,374 SF
Price / SF$163.76
Days on Market58
Property Features for 2838 Wharton St
General Information
Standard status
Active
Size
1,374 SF
Financials
Asking Price
$449,900
Business Included
Yes
Amenities
large yard
dry basement
Building Details
Year Built
1925
Buildings
2
Listing Agency:
Triamond Realty
Listed By:
Suqing Fan · License #RS304225
(267) 243-1892
Source:
Kandorre
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 7 at 4:41PM
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 at 2838 Wharton St. was built in 1925 and contains 1,374 square feet. The first floor operates as a grocery business with a food license. Upper-level space includes five bedrooms, a large living area, and an eat-in kitchen. A dry basement and large yard add functional support space.
The property is in Philadelphia and sits within minutes of Penn, CHOP, HUP, and Drexel University. The offering also includes a separate-deed property at 2836 Wharton St., which is required to be sold together with 2838 Wharton St.
The property is in Philadelphia and sits within minutes of Penn, CHOP, HUP, and Drexel University. The offering also includes a separate-deed property at 2836 Wharton St., which is required to be sold together with 2838 Wharton St.
Key Highlights
- Ground‑floor grocery business with food license
- Five‑bedroom upper‑level residential layout
- 1,374 square feet built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,909
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,180
$398.2K
Cap Rate 7%
$284,414
$284.4K
Cap Rate 9%
$221,211
$221.2K
Market Conditions
NOI Build-Up for 1,374 SF
Gross rent
$28.9K $21.00/SF
− Vacancy
−$2.3K −$1.68/SF
EGI
$26.5K $19.32/SF
− OpEx
−$6.6K −$4.83/SF
NOI
$19.9K $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%
$398,180
Cap Rate 7%
$284,414
Cap Rate 9%
$221,211
Alternative Uses
Best Use
Specialty Retail
$284.4K
$248.9K – $331.8K
NOI $19,909 @ 7.0% cap · market cap 8.85%
Second Best
Mixed Use
$233.2K
$204.0K – $272.1K
NOI $16,323 @ 7.0% cap · market cap 7.25%
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 47%
Home Improvements & Furnishings 2%
McDonald's
Dining
28,264 visits/mo
0.2 miles
Exxon
Shops & Services
17,460 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,476 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,920 visits/mo
0.3 miles
Conoco
Shops & Services
10,108 visits/mo
0.4 miles
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Grocery operations occupy the ground floor, with residential space and a yard above and behind the building.
Where is this mixed-use property located?
The property is located at 2838 Wharton St 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: Ground‑floor grocery business with food license; Five‑bedroom upper‑level residential layout; 1,374 square feet built in 1925
