Retail Property For
2956 N 2nd St Philadelphia, PA 19133
2956 N 2nd St, Philadelphia, PA, 19133
$199,999
For Sale
$199,999
Retail property available for purchase at the corner of 2nd.
Property Size928 SF
Price / SF$215.52
Days on Market100
Property Features for 2956 N 2nd St
General Information
- Standard status
- Active
- Size
- 928 SF
Building Details
- Year Built
- 1925
Listing Agency
HomeStarr Realty
(267) 575-1325
Listed by
Aldo Torres
(267) 575-1325
Source
Evrealestate
Added: Apr 8 Checked: Jul 15 at 10:13 pm
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 HomeStarr Realty
Investment Insights
Based on property information with market context.
This retail property, located at the corner of 2nd and Indiana St in Philadelphia, PA, offers a total size of 928 square feet. The property is located in PHILADELPHIA County.
Key Highlights
- Located at the corner of 2nd and Indiana St
- Central Air Conditioning
- Natural Gas Heating
Local Financial Insights For 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 | $16.7k | $18.00 |
| − Vacancy | −$1.7k | −$1.85 |
| EGI | $15.0k | $16.15 |
| − OpEx | −$4.5k | −$4.84 |
| NOI | $10.5k | $11.30 |
928 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$149.8K
$131.1K – $174.8K
NOI $10,488 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$226.2K
$198.0K – $263.9K
NOI $15,836 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Retail property available for purchase at the corner of 2nd.
Where is this storefront property located?
The property is located at 2956 N 2nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Located at the corner of 2nd and Indiana St; Central Air Conditioning; Natural Gas Heating
