Established Nail Salon
For Sale
$249,000
3135 KENSINGTON AVENUE, Philadelphia, PA 19134
Nail salon operating under the same ownership for more than 20 years.
Property Size1,686 SF
Days on Market540
Property Features for 3135 KENSINGTON AVENUE
General Information
Standard status
Active
Size
1,686 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$846
Building Details
Building Size
1,686 SF
Year Built
1915
Listing Agency:
Appreciation Realty LLC
Listed By:
Bei Y Chen · License #RS318088
(267) 984-5688
Source:
Patmckennarealtors
Added: Apr 22, 2025
Changed: Oct 3
Last Checked: Oct 12 at 11:54PM
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 Appreciation Realty LLC
Investment Insights
Based on property information with market context.
This spa and wellness property is configured for an established nail salon that has operated under the same ownership for more than 20 years. The reported property size is 1,686.
The property is located at 3135 Kensington Ave in Philadelphia’s Kensington business area, with access to the surrounding commercial district.
The property is located at 3135 Kensington Ave in Philadelphia’s Kensington business area, with access to the surrounding commercial district.
Key Highlights
- Established nail salon operation
- Same ownership for more than 20 years
- Located in Philadelphia’s Kensington business area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,056
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,120
$381.1K
Cap Rate 7%
$272,229
$272.2K
Cap Rate 9%
$211,733
$211.7K
Market Conditions
NOI Build-Up for 1,686 SF
Gross rent
$30.3K $18.00/SF
− Vacancy
−$3.1K −$1.85/SF
EGI
$27.2K $16.15/SF
− OpEx
−$8.2K −$4.84/SF
NOI
$19.1K $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%
$381,120
Cap Rate 7%
$272,229
Cap Rate 9%
$211,733
Alternative Uses
Best Use
Retail
$272.2K
$238.2K – $317.6K
NOI $19,056 @ 7.0% cap · market cap 7.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$411.0K
$359.6K – $479.5K
NOI $28,771 @ 7.0% cap · market cap 11.55%
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
2,685
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 3%
Electronics 2%
Sunoco
Shops & Services
9,282 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,537 visits/mo
0.3 miles
Wells Fargo
Shops & Services
5,981 visits/mo
0.1 miles
Dollar Tree
Shops & Services
5,786 visits/mo
0.4 miles
Bank of America
Shops & Services
3,144 visits/mo
0.1 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
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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Frequently Asked Questions
What type of property is this?
Spa & wellness property - Nail salon operating under the same ownership for more than 20 years.
Where is this spa & wellness property located?
The property is located at 3135 KENSINGTON AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Established nail salon operation; Same ownership for more than 20 years; Located in Philadelphia’s Kensington business area
