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First-Floor Retail Space

40 E ARMAT STREET, Philadelphia, PA 19144

For Lease
$1,500/Mo

Street-level commercial space occupies part of a newly built residential apartment property.

Space SizeContact for details
Days on Market288

Property Features for 40 E ARMAT STREET

General Information

Standard status Active
Property subtype Retail

Space & Availability

Floor First
Space Use Retail

Site & Location

Neighborhood Wister
Corner Location Yes

Amenities

gated parking

Building Details

Year Built 2024
Listing Agency: Delphi Property Group, LLC
Listed By: Jaqi Kleiman · License PA RS347275
Source: Desantis-realestate
Added: Jan 29 Changed: Nov 11 Last Checked: Nov 11 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 Delphi Property Group, LLC

Rey
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Investment Insights

Based on property information with market context.

This first-floor retail space is located within a residential apartment building completed in 2024. Its street-level placement provides a commercial setting within a newly constructed property.

The property is off Germantown Avenue at a corner location. A gated lot provides parking, and the retail space has frontage and signage.

Key Highlights

  • Retail space in a residential apartment building built in 2024
  • First‑floor commercial location off Germantown Avenue
  • Gated‑lot parking available

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Original Garden of Bilal Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,905
Businesses Nearby
123k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 61% Shops & Services 29% Groceries 6% Electronics 2%
McDonald's Dining
22,820 visits/mo 0.2 miles
Wendy's Dining
17,023 visits/mo 0.4 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 0.3 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
View Realmo Analytics

Market

Lease Benchmarks for Philadelphia, PA

$24.15 /SF/Yr
Avg Asking Price
$2.26–$100 /SF/Yr
Price Range
7,073 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Philadelphia, PA

$23.99 Jul
$25.14 Aug
$24 Sep
$24.7 Oct

Properties on Market for Retail space in Philadelphia

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Street-level commercial space occupies part of a newly built residential apartment property.
Where is this retail space located?
The property is located at 40 E ARMAT STREET Philadelphia, PA.
What is the lease rate?
The lease rate is $1,500/Mo.
What are key features of this property?
This property features: Retail space in a residential apartment building built in 2024; First‑floor commercial location off Germantown Avenue; Gated‑lot parking available
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