Multi-Tenant Shopping
New
For Sale
$3,750,000
4240-42 N BROAD STREET, Philadelphia, PA 19140
Five businesses occupy the property, alongside rooftop billboard advertising and Verizon antenna installations.
Property Size19,100 SF
Days on Market6
Property Features for 4240-42 N BROAD STREET
General Information
Standard status
Active
Size
19,100 SF
Total Parking Spaces
15
Zoning
CMX3
Occupancy
100%
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$38,514
Amenities
roll-up garage doors
ramp
Accessible Doors
Wall Unit(s), Electric
Electric
Electric Water Heater
City
On Street, Parking Lot
Building Details
Building Size
19,100 SF
Year Built
1900
Tenancy
Multi
Listed By:
Steve J Izzi
(856) 718-4372
Source:
Evrealestate
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 12 at 6:42PM
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 Steve J Izzi
Investment Insights
Based on property information with market context.
This fully leased shopping center includes a dollar store, pharmacy, convenience store, deli, and selfie room. The building dates to 1900 and has side roll-up doors for loading access, plus a ramp to the second floor, where the selfie room is located. Rooftop features include billboard advertising and Verizon antenna installations.
The property stands at the intersection of North Broad Street and West Roosevelt Boulevard in Philadelphia.
The property stands at the intersection of North Broad Street and West Roosevelt Boulevard in Philadelphia.
Key Highlights
- Fully leased to five businesses: a dollar store, pharmacy, convenience store, deli, and selfie room
- Built in 1900
- Rooftop billboard advertising and Verizon antenna installations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,872
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,317,440
$4.3M
Cap Rate 7%
$3,083,886
$3.1M
Cap Rate 9%
$2,398,578
$2.4M
Market Conditions
NOI Build-Up for 19,100 SF
Gross rent
$343.8K $18.00/SF
− Vacancy
−$35.4K −$1.85/SF
EGI
$308.4K $16.15/SF
− OpEx
−$92.5K −$4.84/SF
NOI
$215.9K $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%
$4,317,440
Cap Rate 7%
$3,083,886
Cap Rate 9%
$2,398,578
Alternative Uses
Best Use
Retail
$3.08M
$2.70M – $3.60M
NOI $215,872 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.66M
$4.07M – $5.43M
NOI $325,939 @ 7.0% cap · market cap 8.69%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,364
Businesses Nearby
158k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 28%
Groceries 7%
Home Improvements & Furnishings 1%
McDonald's
Dining
33,410 visits/mo
0.1 miles
Burger King
Dining
26,241 visits/mo
0.5 miles
Taco Bell
Dining
17,676 visits/mo
0.2 miles
Save-A-Lot
Groceries
11,589 visits/mo
0.2 miles
Sunoco
Shops & Services
10,993 visits/mo
0.1 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Similar Off Market Nearby
- Maciel nail hair salon and barber shop — 517 W Erie Ave, Philadelphia, PA 19140
- forever motivated shopify — 3939 Germantown Ave, Philadelphia, PA 19140
Frequently Asked Questions
What type of property is this?
Shopping center - Five businesses occupy the property, alongside rooftop billboard advertising and Verizon antenna installations.
Where is this shopping center located?
The property is located at 4240-42 N BROAD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Fully leased to five businesses: a dollar store, pharmacy, convenience store, deli, and selfie room; Built in 1900; Rooftop billboard advertising and Verizon antenna installations
