Street-Level Retail
For Sale
Contact for pricing
4009 MARKET STREET, Philadelphia, PA 19104
Flexible commercial space with high ceilings, prominent signage opportunities, and access to nearby public transit and major institutions.
Property Size3,200 SF
Price / SF$1.72
Days on Market98
Property Features for 4009 MARKET STREET
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Powelton
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
Ground Floor
Building Details
Year Built
1915
Listing Agency:
Perfect Place Real Estate Co.
(215) 921-9053
Listed By:
Jason Johnson · License #RS299317
(856) 209-2715
Source:
Cummingsrealtors
Added: Jul 27
Changed: Oct 31
Last Checked: Nov 1 at 5:35AM
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 Perfect Place Real Estate Co.
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Investment Insights
Based on property information with market context.
Street-level retail space at 4009 Market Street offers approximately 3,200 square feet with high ceilings and an open, flexible layout. The property supports retail, office, showroom, creative, professional, or hybrid business operations and is available for immediate occupancy. Prominent signage opportunities and visibility to pedestrians and vehicles add practical exposure along Market Street.
The property is located in Philadelphia’s University City / West Powelton area, near Drexel University, the University of Pennsylvania, major hospitals, public transit, and surrounding retail and dining options. Walk Score is 92, Transit Score is 90, and Bike Score is 99. The building was constructed in 1915.
The property is located in Philadelphia’s University City / West Powelton area, near Drexel University, the University of Pennsylvania, major hospitals, public transit, and surrounding retail and dining options. Walk Score is 92, Transit Score is 90, and Bike Score is 99. The building was constructed in 1915.
Key Highlights
- Approximately 3,200 square feet of street‑level commercial space
- Open, flexible layout with high ceilings
- Suitable for retail, office, showroom, creative, professional, or hybrid operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,167
Suggested Prices Based on Cap Rates
Cap Rate 5%
$723,340
$723.3K
Cap Rate 7%
$516,671
$516.7K
Cap Rate 9%
$401,856
$401.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$57.6K $18.00/SF
− Vacancy
−$5.9K −$1.85/SF
EGI
$51.7K $16.15/SF
− OpEx
−$15.5K −$4.84/SF
NOI
$36.2K $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%
$723,340
Cap Rate 7%
$516,671
Cap Rate 9%
$401,856
Alternative Uses
Best Use
Retail
$516.7K
$452.1K – $602.8K
NOI $36,167 @ 7.0% cap · market cap 657.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$780.1K
$682.6K – $910.1K
NOI $54,608 @ 7.0% cap · market cap 992.87%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,610
Businesses Nearby
151k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 30%
Hotels & Casinos 10%
Groceries 5%
McDonald's
Dining
26,974 visits/mo
0.2 miles
Wawa
Shops & Services
21,359 visits/mo
0.5 miles
Raising Cane's Chicken Fingers
Dining
15,022 visits/mo
0.3 miles
Checkers
Dining
13,397 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,056 visits/mo
0.4 miles
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
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 Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with high ceilings, prominent signage opportunities, and access to nearby public transit and major institutions.
Where is this retail space located?
The property is located at 4009 MARKET STREET Philadelphia, PA.
What are key features of this property?
This property features: Approximately 3,200 square feet of street‑level commercial space; Open, flexible layout with high ceilings; Suitable for retail, office, showroom, creative, professional, or hybrid operations
