Bi-Level Live-Work Retail
3420 W Allegheny Ave Philadelphia, PA 19132
New
3420 W Allegheny Ave, Philadelphia, PA, 19132
$465,000
For Sale
$465,000
Mixed-use building includes a beauty/hair salon, bi-level home, and a large garage suitable for many work-live conversions.
Property Size2,500 SF
Price / SF$186
Days on Market3
Property Features for 3420 W Allegheny Ave
General Information
- Standard status
- Active
- Size
- 2,500 SF
Building Details
- Year Built
- 1915
Listing Agency
Mercury Real Assocates
(215) 742-1770
Listed by
Harris Kramer · License #RM050954A
Source
Kandorre
Added: Jul 19 Updated: Jul 20 at 3:22 am Checked: Jul 20 at 3:22 am
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 Mercury Real Assocates
Investment Insights
Based on property information with market context.
This for-sale mixed-use building at 3420 W Allegheny Ave includes a 500 sq ft beauty/hair salon and a 1,000 sq ft bi-level house. In addition, it features a very large 35x30 garage that can be converted for a range of retail and work/live uses.
The property is positioned for flexible occupancy, with the garage offering potential for creative and light industrial-style conversions such as artist studio, metal or glass work, wood working, office space, assembly, or café use, based on the stated conversion possibilities.
Overall, the building’s combination of salon space, bi-level residence, and large garage provides multiple areas that can support either single-user operations or differentiated live/work layouts, depending on configuration.
The property is positioned for flexible occupancy, with the garage offering potential for creative and light industrial-style conversions such as artist studio, metal or glass work, wood working, office space, assembly, or café use, based on the stated conversion possibilities.
Overall, the building’s combination of salon space, bi-level residence, and large garage provides multiple areas that can support either single-user operations or differentiated live/work layouts, depending on configuration.
Key Highlights
- Year built 1915 mixed‑use building at 3420 W Allegheny Ave.
- Includes a 500 SF beauty/hair salon.
- Bi‑level house provides 1,000 SF of additional living space.
Local Financial Insights For Office B
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 | $54.9k | $21.96 |
| − Vacancy | −$11.0k | −$4.41 |
| EGI | $43.9k | $17.55 |
| − OpEx | −$11.0k | −$4.39 |
| NOI | $32.9k | $13.16 |
2,500 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$470.0K
$411.2K – $548.3K
NOI $32,899 @ 7.0% cap · market cap 7.08%
Second Best
Mixed Use
$424.3K
$371.3K – $495.0K
NOI $29,700 @ 7.0% cap · market cap 6.39%
Theoretical Best
Multifamily LT 5
$609.5K
$533.3K – $711.0K
NOI $42,662 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bliss The Salon
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Mixed-use building includes a beauty/hair salon, bi-level home, and a large garage suitable for many work-live conversions.
Where is this live-work space located?
The property is located at 3420 W Allegheny Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Year built 1915 mixed‑use building at 3420 W Allegheny Ave.; Includes a 500 SF beauty/hair salon.; Bi‑level house provides 1,000 SF of additional living space.
