Prime Philadelphia Retail
For Sale
$6,500,000
419 S 2nd St, Philadelphia, PA 19147
Located at the intersection of 2nd and Lombard.
Property Size33,500 SF
Price / SF$194.03
Days on Market195
Property Features for 419 S 2nd St
General Information
Standard status
Active
Size
33,500 SF
Building Details
Year Built
1900
Listing Agency:
M S Fox Real Estate Group Inc
Listed By:
Michael S Fox · License #RM043119B
(215) 568-8000
Source:
Selltheshore
Added: Apr 8
Changed: Oct 17
Last Checked: Oct 7 at 2:28PM
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 M S Fox Real Estate Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate is a retail property and storefront property located at the intersection of 2nd and Lombard. The property size is 33,500 square feet.
Key Highlights
- Central air cooling for those hot summer days.
- Forced air heating for consistent warmth.
- Natural gas heating provides an efficient heating solution.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$378,624
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,572,480
$7.6M
Cap Rate 7%
$5,408,914
$5.4M
Cap Rate 9%
$4,206,933
$4.2M
Market Conditions
NOI Build-Up for 33,500 SF
Gross rent
$603.0K $18.00/SF
− Vacancy
−$62.1K −$1.85/SF
EGI
$540.9K $16.15/SF
− OpEx
−$162.3K −$4.84/SF
NOI
$378.6K $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%
$7,572,480
Cap Rate 7%
$5,408,914
Cap Rate 9%
$4,206,933
Alternative Uses
Best Use
Retail
$5.41M
$4.73M – $6.31M
NOI $378,624 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$8.17M
$7.15M – $9.53M
NOI $571,674 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
10,805
Businesses Nearby
67k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 49%
Shops & Services 24%
Groceries 19%
Dining 6%
Philadelphia Marriott Old City
Hotels & Casinos
14,972 visits/mo
0.3 miles
ACME Markets
Groceries
12,615 visits/mo
0.2 miles
Kimpton Hotel Monaco Philadelphia
Hotels & Casinos
10,769 visits/mo
0.4 miles
TD Bank
Shops & Services
6,416 visits/mo
0.1 miles
Renaissance Philadelphia Downtown Hotel
Hotels & Casinos
5,199 visits/mo
0.4 miles
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Adore Flowers - Delivery Only — 777 S 3rd St Rear C, Philadelphia, PA 19147
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- Cactaceae — 622 pemberton st, philadelphia, pa 19147
- Ode À La Rose — 622 S 5th St, Philadelphia, PA 19147
Frequently Asked Questions
What type of property is this?
Storefront property - Located at the intersection of 2nd and Lombard.
Where is this storefront property located?
The property is located at 419 S 2nd St Philadelphia, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Central air cooling for those hot summer days.; Forced air heating for consistent warmth.; Natural gas heating provides an efficient heating solution.
