Commercial Store with Storage
New
For Sale
Contact for pricing
424 E ALLEGHENY AVENUE COMMERCIAL SPACE, Philadelphia, PA 19134
The space includes a half bathroom and existing storage fixtures and equipment.
Property Size2,640 SF
Price / SF$0.45
Days on Market4
Property Features for 424 E ALLEGHENY AVENUE COMMERCIAL SPACE
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Commercial
Site & Location
Neighborhood
Kensington
Additional Details
Asking Price
$75,000
Amenities
half bathroom
Building Details
Year Built
1920
Listing Agency:
Cash Flow Property Management, LLC.
Listed By:
Kiara Gonzalez · License #RS371686
(215) 717-7308
Source:
Cummingsrealtors
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:30AM
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 Cash Flow Property Management, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial space contains 2,640 square feet and is fitted with storage fixtures and equipment. A half bathroom is also part of the existing setup. The building dates to 1920.
Key Highlights
- 2,640 square feet of commercial space
- Existing storage fixtures and equipment
- Half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,838
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,760
$596.8K
Cap Rate 7%
$426,257
$426.3K
Cap Rate 9%
$331,533
$331.5K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$47.5K $18.00/SF
− Vacancy
−$4.9K −$1.85/SF
EGI
$42.6K $16.15/SF
− OpEx
−$12.8K −$4.84/SF
NOI
$29.8K $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%
$596,760
Cap Rate 7%
$426,257
Cap Rate 9%
$331,533
Alternative Uses
Best Use
Specialty Retail
$546.5K
$478.2K – $637.6K
NOI $38,254 @ 7.0% cap · market cap 3,187.83%
Second Best
Retail
$426.3K
$373.0K – $497.3K
NOI $29,838 @ 7.0% cap · market cap 2,486.50%
Theoretical Best
Multifamily LT 5
$643.6K
$563.1K – $750.9K
NOI $45,051 @ 7.0% cap · market cap 3,754.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,516
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Electronics 5%
Family Dollar
Shops & Services
8,480 visits/mo
0.1 miles
U-Haul Moving & Storage Of North Philadelphia
Shops & Services
1,540 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
548 visits/mo
0.5 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Bea's Market — 2820 Amber St, Philadelphia, PA 19134
- Fine Fare Supermarket — 131 W Lehigh Ave, Philadelphia, PA 19133
- 6 Brothers Supermarket — 3141 Frankford Ave #59, Philadelphia, PA 19134
- Santiago Dominican Supermarket — 2101 E Clearfield St, Philadelphia, PA 19134
- Sam's Super Market — 2852 N Front St, Philadelphia, PA 19133
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The space includes a half bathroom and existing storage fixtures and equipment.
Where is this grocery and convenience store located?
The property is located at 424 E ALLEGHENY AVENUE COMMERCIAL SPACE Philadelphia, PA.
What are key features of this property?
This property features: 2,640 square feet of commercial space; Existing storage fixtures and equipment; Half bathroom
