Windowed Retail
35 E CHELTEN AVENUE #8, Philadelphia, PA 19144
For Sale
New
Contact for pricing
Central air, two half baths and public-lot parking support a range of commercial layouts.
Property Size2,583 SF
Price / SF$2.21
Days on Market4
Property Features for 35 E CHELTEN AVENUE #8
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
JG Real Estate LLC
Listed By:
Kathleen Vecchia · License PA RS344679
(215) 467-4100
Source:
Cummingsrealtors
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:12PM
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 JG Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,583-square-foot retail suite at 35 E Chelten Avenue #8 is part of a shopping center. Large front windows provide natural light, and the space includes central air conditioning and two half baths. The building was constructed in 1995.
The property sits just off Germantown Avenue, across from Vernon Park. Germantown Regional Rail is a short walk away, and bus routes are nearby. Public lot parking serves the shopping center.
The property sits just off Germantown Avenue, across from Vernon Park. Germantown Regional Rail is a short walk away, and bus routes are nearby. Public lot parking serves the shopping center.
Key Highlights
- 2,583‑square‑foot retail suite
- Central air conditioning and two half baths
- Large front windows provide natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,194
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,880
$583.9K
Cap Rate 7%
$417,057
$417.1K
Cap Rate 9%
$324,378
$324.4K
Market Conditions
NOI Build-Up for 2,583 SF
Gross rent
$46.5K $18.00/SF
− Vacancy
−$4.8K −$1.85/SF
EGI
$41.7K $16.15/SF
− OpEx
−$12.5K −$4.84/SF
NOI
$29.2K $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%
$583,880
Cap Rate 7%
$417,057
Cap Rate 9%
$324,378
Alternative Uses
Best Use
Retail
$417.1K
$364.9K – $486.6K
NOI $29,194 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$629.7K
$551.0K – $734.7K
NOI $44,079 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,945
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 27%
Groceries 6%
Electronics 2%
McDonald's
Dining
22,820 visits/mo
0.1 miles
Wendy's
Dining
17,023 visits/mo
0.5 miles
Burger King
Dining
14,786 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,386 visits/mo
0.4 miles
PNC Bank
Shops & Services
8,005 visits/mo
0.4 miles
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Central air, two half baths and public-lot parking support a range of commercial layouts.
Where is this retail space located?
The property is located at 35 E CHELTEN AVENUE #8 Philadelphia, PA.
What are key features of this property?
This property features: 2,583‑square‑foot retail suite; Central air conditioning and two half baths; Large front windows provide natural light
