Zoned Retail Development
325-31 BAINBRIDGE ST, Philadelphia, PA 19147
For Sale
$3,850,000
Two-story retail structure on four contiguous parcels with private rear parking accessed from Kater Street.
Property Size22,000 SF
Price / SF$175
Days on Market127
Property Features for 325-31 BAINBRIDGE ST
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Road Access
Building Details
Stories
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Jeffrey David Shablin · License PA RS360471
(215) 870-6149
Source:
360
Added: Jul 11
Changed: Nov 4
Last Checked: Nov 12 at 7:21AM
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 Coldwell Banker Realty
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 offering consists of a two-story existing retail structure of approximately 22,000+ square feet, included with four contiguous parcels spanning from Bainbridge Street through to Kater Street. The site includes a private rear parking lot with access from Kater Street, which can support flexibility for future planning, parking, and service access. The property is being sold as-is, providing an opportunity for full gut renovation, redevelopment, or adaptive reuse consistent with the buyer’s due diligence.
The assemblage is zoned CMX-2 and is located in Queen Village, with the block-through configuration creating internal connectivity from Bainbridge to Kater. The surrounding area includes established residential demand alongside dining and retail.
CMX-2 zoning may support a range of uses, including mixed-use residential, multifamily, retail, boutique hospitality, or institutional uses, subject to buyer verification of permitted uses, density, and development potential.
The assemblage is zoned CMX-2 and is located in Queen Village, with the block-through configuration creating internal connectivity from Bainbridge to Kater. The surrounding area includes established residential demand alongside dining and retail.
CMX-2 zoning may support a range of uses, including mixed-use residential, multifamily, retail, boutique hospitality, or institutional uses, subject to buyer verification of permitted uses, density, and development potential.
Key Highlights
- Four contiguous parcels included, forming a block‑through site from Bainbridge Street to Kater Street.
- Approx. 22,000+ SF two‑story existing structure on 0.26 acres.
- Private rear parking lot with access from Kater Street; 3 car parking spaces and 4 total parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$248,648
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,972,960
$5.0M
Cap Rate 7%
$3,552,114
$3.6M
Cap Rate 9%
$2,762,756
$2.8M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$396.0K $18.00/SF
− Vacancy
−$40.8K −$1.85/SF
EGI
$355.2K $16.15/SF
− OpEx
−$106.6K −$4.84/SF
NOI
$248.6K $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%
$4,972,960
Cap Rate 7%
$3,552,114
Cap Rate 9%
$2,762,756
Alternative Uses
Best Use
Retail
$3.55M
$3.11M – $4.14M
NOI $248,648 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.36M
$4.69M – $6.26M
NOI $375,428 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9,041
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 55%
Dining 19%
Hotels & Casinos 16%
Shops & Services 8%
Whole Foods Market
Groceries
37,607 visits/mo
0.5 miles
Philadelphia Marriott Old City
Hotels & Casinos
14,972 visits/mo
0.5 miles
ACME Markets
Groceries
12,615 visits/mo
0.2 miles
Kung Fu Tea
Dining
7,072 visits/mo
0.5 miles
TD Bank
Shops & Services
6,416 visits/mo
0.2 miles
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Market
Average Price Trend$/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 - Two-story retail structure on four contiguous parcels with private rear parking accessed from Kater Street.
Where is this retail space located?
The property is located at 325-31 BAINBRIDGE ST Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Four contiguous parcels included, forming a block‑through site from Bainbridge Street to Kater Street.; Approx. 22,000+ SF two‑story existing structure on 0.26 acres.; Private rear parking lot with access from Kater Street; 3 car parking spaces and 4 total parking spaces.
