Storefront With Flexible Interior
New
For Sale
Contact for pricing
2962 MCKINLEY STREET #1, Philadelphia, PA 19149
A compact commercial suite combines a main room, restroom, and unfinished area for a range of business layouts.
Property Size650 SF
Price / SF$1.15
Days on Market3
Property Features for 2962 MCKINLEY STREET #1
General Information
Standard status
Active
Size
650 SF
Property subtype
Commercial
Building Details
Year Built
1940
Listing Agency:
Anchor Realty Northeast
Listed By:
Walter Lapidus · License #RM420381
(215) 333-1116
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:26AM
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 Anchor Realty Northeast
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 650-square-foot storefront suite includes a main room with laminate flooring, a restroom, and an unfinished area. Some furniture is present, and the building dates to 1940.
The space previously accommodated a tax preparation office and retail use.
The space previously accommodated a tax preparation office and retail use.
Key Highlights
- 650 square feet of storefront space
- Main room features laminate flooring
- Includes a restroom and unfinished area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,346
Suggested Prices Based on Cap Rates
Cap Rate 5%
$146,920
$146.9K
Cap Rate 7%
$104,943
$104.9K
Cap Rate 9%
$81,622
$81.6K
Market Conditions
NOI Build-Up for 650 SF
Gross rent
$11.7K $18.00/SF
− Vacancy
−$1.2K −$1.85/SF
EGI
$10.5K $16.15/SF
− OpEx
−$3.1K −$4.84/SF
NOI
$7.3K $11.30/SF
Area
ZIP 19149
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%
$146,920
Cap Rate 7%
$104,943
Cap Rate 9%
$81,622
Alternative Uses
Best Use
Retail
$104.9K
$91.8K – $122.4K
NOI $7,346 @ 7.0% cap · market cap 979.47%
Second Best
—
—
no second resolved use
Theoretical Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,117 @ 7.0% cap · market cap 11,615.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
101k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 20%
Electronics 7%
Apparel 3%
Burger King
Dining
17,539 visits/mo
0.1 miles
Dollar Tree
Shops & Services
17,060 visits/mo
0.4 miles
Family Dollar
Shops & Services
11,092 visits/mo
0.4 miles
Wells Fargo
Shops & Services
10,189 visits/mo
0.5 miles
AutoZone
Shops & Services
8,434 visits/mo
0.1 miles
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Planet Wholesale — 5923 Torresdale Ave, Philadelphia, PA 19135
- Florería — 3028 Hellerman St, Philadelphia, PA 19149
Frequently Asked Questions
What type of property is this?
Storefront property - A compact commercial suite combines a main room, restroom, and unfinished area for a range of business layouts.
Where is this storefront property located?
The property is located at 2962 MCKINLEY STREET #1 Philadelphia, PA.
What are key features of this property?
This property features: 650 square feet of storefront space; Main room features laminate flooring; Includes a restroom and unfinished area
