Zoned Retail Development
325-31 Bainbridge Street Philadelphia Philadelphia, PA 19147
325-31 Bainbridge Street Philadelphia, Philadelphia, PA, 19147
$4,250,000
For Sale
$4,250,000
Two-story retail structure on four contiguous parcels with private rear parking accessed from Kater Street.
Property Size22,000 SF
Price / SF$193.18
Days on Market12
Property Features for 325-31 Bainbridge Street Philadelphia
General Information
- Standard status
- Active
- Size
- 22,000 SF
Building Details
- Year Built
- 1981
Listing agency
(866) 825-7169
Listed by
Crishawn Atkins
(866) 825-7169
Source
Va.exprealty
Added: Jul 11 Updated: Jul 20 at 6:24PM Checked: Jul 22 at 2:33AM
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 Crishawn Atkins
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $396.0k | $18.00 |
| − Vacancy | −$40.8k | −$1.85 |
| EGI | $355.2k | $16.15 |
| − OpEx | −$106.6k | −$4.84 |
| NOI | $248.6k | $11.30 |
22,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.55M
$3.11M – $4.14M
NOI $248,648 @ 7.0% cap · market cap 5.85%
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 8.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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 Street Philadelphia Philadelphia, PA.
What is the asking price?
The asking price for this property is $4,250,000.
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.
