Listing Agency: Metro Commercial Real Estate, Inc. Philadelphia s***@metrocommercial.com Show Phone

Listed By: Scott Benson · License #PA

Source: Crexi

Added: Jul 9, 2024 Changed: Jul 6 Last Checked: Jul 31 at 7:01AM

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Investment Insights

Based on property information with market context.

This commercial real estate offers retail space in University City, Philadelphia. Located at 4040 Locust St, Philadelphia, PA 19104, this property is available for rent.

Key Highlights

• Prime University City location
• Retail space available

Property Analytics

Property Profile

Current Use

Keswick Cycle University ... (Bike/Boat/Book/etc) Store Pattaya Thai Cuisine Restaurant F R Capital ... Holding Company

Suggested Use

Top Pick Law Firm Electrical Service Building Supply Furniture & Home Goods Florist HVAC Service

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

6,549

Businesses Nearby

153k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 60% Shops & Services 30% Hotels & Casinos 5% Groceries 5%

McDonald's Dining

26,974 visits/mo 0.2 miles

Wawa Shops & Services

21,359 visits/mo 0.4 miles

Raising Cane's Chicken Fingers Dining

15,022 visits/mo 0.2 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

Market

Lease Benchmarks for Philadelphia, PA

$23.66 /SF/Yr

Avg Asking Price

$0.94–$100 /SF/Yr

Price Range

3,242 SF

Avg Space Size

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

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Prime retail space available in University City, Philadelphia.

Where is this retail space located?

The property is located at 4040 Locust St Philadelphia, PA.

What are key features of this property?

This property features: Prime University City location; Retail space available