Renovated Retail
New
For Sale
Contact for pricing
342 W GIRARD AVENUE, Philadelphia, PA 19123
The updated interior offers a flexible commercial setting for a range of potential uses.
Property Size2,513 SF
Price / SF$2.31
Days on Market5
Property Features for 342 W GIRARD AVENUE
General Information
Standard status
Active
Size
2,513 SF
Property subtype
Commercial
Site & Location
Neighborhood
Northern Liberties
Corner Location
Yes
Building Details
Year Built
2024
Listing Agency:
MSC Retail, Inc.
(215) 568-2600
Listed By:
Jacob K. Cooper · License #RS306451
(215) 813-3784
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:49PM
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 MSC Retail, Inc.
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Investment Insights
Based on property information with market context.
This 2,513-square-foot retail space was renovated and is ready for final interior work. The property was built in 2024, and its adaptable layout may suit retail, fitness, medical, grocery, office, or coffee shop uses.
The space is located at 342 W Girard Avenue in Philadelphia, at the corner of 4th and Girard in Northern Liberties.
The space is located at 342 W Girard Avenue in Philadelphia, at the corner of 4th and Girard in Northern Liberties.
Key Highlights
- 2,513‑square‑foot retail space
- Renovated interior; ready for finishing work
- Built in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,402
Suggested Prices Based on Cap Rates
Cap Rate 5%
$568,040
$568.0K
Cap Rate 7%
$405,743
$405.7K
Cap Rate 9%
$315,578
$315.6K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$45.2K $18.00/SF
− Vacancy
−$4.7K −$1.85/SF
EGI
$40.6K $16.15/SF
− OpEx
−$12.2K −$4.84/SF
NOI
$28.4K $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%
$568,040
Cap Rate 7%
$405,743
Cap Rate 9%
$315,578
Alternative Uses
Best Use
Specialty Retail
$520.2K
$455.2K – $606.9K
NOI $36,413 @ 7.0% cap · market cap 627.81%
Second Best
Office B
$472.4K
$413.4K – $551.2K
NOI $33,070 @ 7.0% cap · market cap 570.17%
Theoretical Best
Multifamily LT 5
$612.6K
$536.1K – $714.7K
NOI $42,884 @ 7.0% cap · market cap 739.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - The updated interior offers a flexible commercial setting for a range of potential uses.
Where is this retail space located?
The property is located at 342 W GIRARD AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 2,513‑square‑foot retail space; Renovated interior; ready for finishing work; Built in 2024
