Renovated Three-Story Retail
New
For Sale
Contact for pricing
4230 GERMANTOWN AVENUE, Philadelphia, PA 19140
CMX-2 zoning and a separate unfinished basement add flexibility and storage capacity.
Property Size3,840 SF
Price / SF$1.02
Days on Market4
Property Features for 4230 GERMANTOWN AVENUE
General Information
Standard status
Active
Size
3,840 SF
Property subtype
Commercial
Zoning
CMX-2
Amenities
multiple HVAC systems
Building Details
Year Built
1940
Buildings
1
Stories
3
Listing Agency:
Keller Williams Realty Group
(610) 792-5900
Listed By:
Eric D Feinberg · License #RS318964
(484) 948-5872
Source:
Cummingsrealtors
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 16 at 9:25AM
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 Keller Williams Realty Group
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Investment Insights
Based on property information with market context.
This renovated retail building offers three floors of commercial space totaling approximately 3,840 square feet above grade. An unfinished basement provides additional storage, and multiple HVAC systems serve the property. The building was constructed in 1940 and has undergone extensive renovations.
The property fronts Germantown Avenue within an established commercial corridor in Philadelphia, with surrounding residential neighborhoods and local businesses. CMX-2 zoning supports a range of commercial uses. The space is offered on a triple-net (NNN) lease.
The property fronts Germantown Avenue within an established commercial corridor in Philadelphia, with surrounding residential neighborhoods and local businesses. CMX-2 zoning supports a range of commercial uses. The space is offered on a triple-net (NNN) lease.
Key Highlights
- Approximately 3,840 square feet of above‑grade commercial space
- Three floors plus an unfinished basement
- Multiple HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,400
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,000
$868.0K
Cap Rate 7%
$620,000
$620.0K
Cap Rate 9%
$482,222
$482.2K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$69.1K $18.00/SF
− Vacancy
−$7.1K −$1.85/SF
EGI
$62.0K $16.15/SF
− OpEx
−$18.6K −$4.84/SF
NOI
$43.4K $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%
$868,000
Cap Rate 7%
$620,000
Cap Rate 9%
$482,222
Alternative Uses
Best Use
Retail
$620.0K
$542.5K – $723.3K
NOI $43,400 @ 7.0% cap · market cap 1,112.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$936.1K
$819.1K – $1.09M
NOI $65,529 @ 7.0% cap · market cap 1,680.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
122k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 36%
Groceries 9%
Home Improvements & Furnishings 1%
McDonald's
Dining
33,410 visits/mo
0.3 miles
Taco Bell
Dining
17,676 visits/mo
0.5 miles
Save-A-Lot
Groceries
11,589 visits/mo
0.4 miles
Sunoco
Shops & Services
10,993 visits/mo
0.4 miles
Lukoil
Shops & Services
9,627 visits/mo
0.5 miles
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
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 - CMX-2 zoning and a separate unfinished basement add flexibility and storage capacity.
Where is this retail space located?
The property is located at 4230 GERMANTOWN AVENUE Philadelphia, PA.
What are key features of this property?
This property features: Approximately 3,840 square feet of above‑grade commercial space; Three floors plus an unfinished basement; Multiple HVAC systems
