Corner Storefront Retail
421 W Olney Ave Philadelphia, PA 19120
421 W Olney Ave, Philadelphia, PA, 19120
$248,000
For Sale
$248,000
Corner retail storefront located at the intersection of W Olney Ave and N Lawrence Street in Philadelphia.
Property Size1,460 SF
Price / SF$169.86
Days on Market188
Property Features for 421 W Olney Ave
General Information
- Standard status
- Active
- Size
- 1,460 SF
Building Details
- Year Built
- 1925
Listing agency
Berkshire Hathaway HomeServices Fox & Roach, Realtors
(215) 806-0988
Listed by
Benjamin Wong · License #1328097
(215) 806-0988
Source
Evrealestate
Added: Jan 16 Updated: Jul 21 at 12:21PM Checked: Jul 22 at 6:05AM
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 Berkshire Hathaway HomeServices Fox & Roach, Realtors
Investment Insights
Based on property information with market context.
This for-sale retail property is a storefront space at 421 W Olney Ave in Philadelphia. The offering includes a single retail configuration intended for street-facing business use.
The building sits at the corner of W Olney Ave and N Lawrence Street. Directions from Cheltenham Ave include turning onto 5th Street, driving about 1.3 miles, then making a left onto W Olney Ave to reach the corner location in Philadelphia.
With its prominent corner placement, the property is positioned for retail operators seeking direct street exposure along W Olney Ave.
The building sits at the corner of W Olney Ave and N Lawrence Street. Directions from Cheltenham Ave include turning onto 5th Street, driving about 1.3 miles, then making a left onto W Olney Ave to reach the corner location in Philadelphia.
With its prominent corner placement, the property is positioned for retail operators seeking direct street exposure along W Olney Ave.
Key Highlights
- Corner retail storefront at the intersection of W Olney Ave and N Lawrence Street in Philadelphia
- Year built: 1925
- Heating: forced air (natural gas)
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 | $20.0k | $13.68 |
| − Vacancy | −$2.1k | −$1.41 |
| EGI | $17.9k | $12.27 |
| − OpEx | −$5.4k | −$3.68 |
| NOI | $12.5k | $8.59 |
1,460 SF · lease $13.68/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$179.2K
$156.8K – $209.0K
NOI $12,541 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.8K
$305.2K – $406.9K
NOI $24,413 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Nicholas Truong
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Corner retail storefront located at the intersection of W Olney Ave and N Lawrence Street in Philadelphia.
Where is this storefront property located?
The property is located at 421 W Olney Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $248,000.
What are key features of this property?
This property features: Corner retail storefront at the intersection of W Olney Ave and N Lawrence Street in Philadelphia; Year built: 1925; Heating: forced air (natural gas)
