Retail Property For
For Sale
$199,999
2956 N 2nd St, Philadelphia, PA 19133
Retail property available for purchase at the corner of 2nd.
Property Size928 SF
Price / SF$215.52
Days on Market191
Property Features for 2956 N 2nd St
General Information
Standard status
Active
Size
928 SF
Building Details
Year Built
1925
Listing Agency:
Homestarr Realty
Listed By:
Aldo Torres
(267) 575-1325
Source:
Upgradebymichaud
Added: Apr 12
Changed: Oct 5
Last Checked: Oct 16 at 11:12AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,488
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,760
$209.8K
Cap Rate 7%
$149,829
$149.8K
Cap Rate 9%
$116,533
$116.5K
Market Conditions
NOI Build-Up for 928 SF
Gross rent
$16.7K $18.00/SF
− Vacancy
−$1.7K −$1.85/SF
EGI
$15.0K $16.15/SF
− OpEx
−$4.5K −$4.84/SF
NOI
$10.5K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$209,760
Cap Rate 7%
$149,829
Cap Rate 9%
$116,533
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,127
Businesses Nearby
132k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 34%
Groceries 11%
Electronics 2%
McDonald's
Dining
28,372 visits/mo
0.4 miles
Wendy's
Dining
15,283 visits/mo
0.4 miles
Lukoil
Shops & Services
12,432 visits/mo
0.3 miles
Speedway
Shops & Services
12,422 visits/mo
0.5 miles
Checkers
Dining
12,268 visits/mo
0.4 miles
Demographics for 19133, PA
24,772
Population
10,766
Households
2.3
Avg Household Size
34
Median Age
7%
College-Educated
63%
High-School Grad
1.3 sq mi
ZIP Area
19,055
Density / Sq Mi
$31,756
Median Household Income
$26,563
Median Earnings
$919
Median Rent
$85,100
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
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- Showers of Flowers — 2906 n 5th st, philadelphia, pa 19133
- La Floreria Ochun — 3503 B St Suite 3A, Philadelphia, PA 19134
Frequently Asked Questions
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
