2900 W ALLEGHENY AVE, Philadelphia, PA 19132

Listing Agency: Canaan Realty Services INC Show Phone

Listed By: Suzy Park · License #RS379690 Show Phone

Source: Palmerharned

Added: Oct 14 Changed: Nov 7 Last Checked: Nov 8 at 5:59AM

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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 Canaan Realty Services INC

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Investment Insights

Based on property information with market context.

At 2900 W Allegheny Ave, this mixed-use property has a storefront and occupies a corner position at an intersection. The property is zoned CMX-1.

The Philadelphia address places the building along a commercial corridor, with public transit and major transportation routes identified in the surrounding area.

Key Highlights

• Corner property at 2900 W Allegheny Ave in Philadelphia
• CMX‑1 zoning
• Storefront exposure at an intersection

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,154

Cap Rate

6.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$463,080 $463.1K

Cap Rate 7%

$330,771 $330.8K

Cap Rate 9%

$257,267 $257.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,949 SF

Gross rent

$42.1K $21.60/SF

− Vacancy

−$5.1K −$2.59/SF

EGI

$37.0K $19.01/SF

− OpEx

−$13.9K −$7.13/SF

NOI

$23.2K $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%

$463,080

Cap Rate 7%

$330,771

Cap Rate 9%

$257,267

Alternative Uses

Best Use

Mixed Use

$330.8K

$289.4K – $385.9K (±1% cap)

NOI $23,154 @ 7.0% cap · market cap 6.45%

Second Best

Retail

$314.7K

$275.4K – $367.1K (±1% cap)

NOI $22,028 @ 7.0% cap · market cap 6.14%

Theoretical Best

Multifamily LT 5

$475.1K

$415.7K – $554.3K (±1% cap)

NOI $33,259 @ 7.0% cap · market cap 9.26%

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

BWC Terminals Storage Facility

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Kitchen & Bath Showroom (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.

Location Intelligence

Trade Area within ½ mile

1,464

Businesses Nearby

267k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Groceries 36% Dining 34% Shops & Services 24% Apparel 6%

ShopRite Groceries

69,316 visits/mo 0.4 miles

Five Below Shops & Services

28,323 visits/mo 0.4 miles

Wendy's Dining

27,359 visits/mo 0.5 miles

McDonald's Dining

19,121 visits/mo 0.2 miles

Ross Dress for Less Apparel

17,264 visits/mo 0.4 miles

Demographics for 19132, PA

33,926

Population

17,402

Households

1.9

Avg Household Size

37

Median Age

13%

College-Educated

83%

High-School Grad

2.2 sq mi

ZIP Area

15,421

Density / Sq Mi

$30,974

Median Household Income

$30,300

Median Earnings

$1,055

Median Rent

$73,000

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA

$234 Jul

$225 Aug

$209 Sep

$208 Oct

Properties on Market for Mixed-use properties in Philadelphia

Jul

Aug

Sep

Oct

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 - CMX-1 zoning accompanies a storefront presence at a Philadelphia intersection.

Where is this mixed-use property located?

The property is located at 2900 W ALLEGHENY AVE Philadelphia, PA.

What is the asking price?

The asking price for this property is $359,000.

What are key features of this property?

This property features: Corner property at 2900 W Allegheny Ave in Philadelphia; CMX‑1 zoning; Storefront exposure at an intersection