4023-4025 Market St, Philadelphia, PA
Spacious retail property with high ceilings and excellent frontage.
- Added:
- Jul 25, 2025
- Days on Market:
- 324
- Last Refresh:
- May 20 at 8:16 pm
Property Features for 4023-4025 Market St
General Information
- Standard status
- Active
- Size
- 22,192 SF
- Lot size
- 0.19 Acres
- Property subtype
- RETAIL
Listing agent Chris Cimino License #RS290724 (610) 896-5555
Listing office MPN Realty, Inc. (215) 413-4900
Listing date Jul 25, 2025
Source Moodyscre
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 MPN Realty, Inc.
HighLights
- 60’ frontage on Market Street
- Located in one of Philadelphia’s most thriving neighborhoods
- One block from Septa transportation
- Qualified opportunity zone
- Large open floorplan with 16’ high ceilings
- Zoning: CMX‑4
Overview
Local Financial Insights For Retail
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 | $399.5k | $18.00 |
| − Vacancy | −$41.1k | −$1.85 |
| EGI | $358.3k | $16.15 |
| − OpEx | −$107.5k | −$4.84 |
| NOI | $250.8k | $11.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.2032
- Latitude
- 39.9576
