Street-Level Retail with Lower
2966 Richmond Street, Philadelphia, PA 19134
For Sale
Contact for pricing
Retail premises combine a customer-facing ground floor with additional lower-level space for commercial use.
Property Size11,791 SF
Days on Market49
Property Features for 2966 Richmond Street
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Properties For Sale
at 2966 Richmond Street
2966 Richmond Street
Size
1,045 SF
Term
Negotiable
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia Bilynsky · License #RS311101
(267) 546-1718
Source:
Mpnrealty
Added: Sep 20
Changed: Oct 30
Last Checked: Nov 6 at 7:13AM
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 Mallin Panchelli Nadel Realty Inc
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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 provides approximately 1,045 SF of street-level space together with an additional 1,045 +/- SF lower level. The two-level configuration offers a customer-facing area supported by additional interior space for storage, back-of-house functions, or other commercial needs.
Constructed in 2022, the property is located at 2966 Richmond Street in Philadelphia, Pennsylvania 19134.
Constructed in 2022, the property is located at 2966 Richmond Street in Philadelphia, Pennsylvania 19134.
Key Highlights
- 1,045 +/- SF of street‑level retail space
- Additional 1,045 +/- SF lower level
- Constructed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,264
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,665,280
$2.7M
Cap Rate 7%
$1,903,771
$1.9M
Cap Rate 9%
$1,480,711
$1.5M
Market Conditions
NOI Build-Up for 11,791 SF
Gross rent
$212.2K $18.00/SF
− Vacancy
−$21.9K −$1.85/SF
EGI
$190.4K $16.15/SF
− OpEx
−$57.1K −$4.84/SF
NOI
$133.3K $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%
$2,665,280
Cap Rate 7%
$1,903,771
Cap Rate 9%
$1,480,711
Alternative Uses
Best Use
Retail
$1.90M
$1.67M – $2.22M
NOI $133,264 @ 7.0% cap · market cap 4,845.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.87M
$2.52M – $3.35M
NOI $201,212 @ 7.0% cap · market cap 7,316.80%
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
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Sunoco
Shops & Services
6,772 visits/mo
0.4 miles
PrimoHoagies
Dining
2,469 visits/mo
0.3 miles
Fulton Bank
Shops & Services
1,474 visits/mo
0.4 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Philadelphia, PA
Properties on Market for Retail space in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Retail premises combine a customer-facing ground floor with additional lower-level space for commercial use.
Where is this retail space located?
The property is located at 2966 Richmond Street Philadelphia, PA.
What are key features of this property?
This property features: 1,045 +/- SF of street‑level retail space; Additional 1,045 +/- SF lower level; Constructed in 2022
