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Versatile Commercial Building in Philadelphia

457 E Wyoming Ave Philadelphia, PA 19140

457 E Wyoming Ave, Philadelphia, PA, 19140
$299,500
For Sale
Claim this Listing
$299,500

Two-story commercial building with high visibility in North Philadelphia.

Property Size1,706 SF
Price / SF$175.56
AddedJul 18, 2025
Days on Market363
Last RefreshJul 14 at 4:43 am

Property Features for 457 E Wyoming Ave

General Information

Standard status
Active
Size
1,706 SF

Listing office EXP Realty, LLC

Listing date Jul 18, 2025

Source Exprealty

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 EXP Realty, LLC


Investment Insights

Based on property information with market context.

Located on E Wyoming Avenue in North Philadelphia, this two-story commercial building offers 1,706 square feet of space. The property is zoned for commercial use and benefits from high visibility and foot traffic. The location features strong local demographics and established surrounding businesses, with easy access to major roads and public transportation. This versatile space is suitable for a variety of business uses, including office, retail, medical, salon, or professional services. It presents an opportunity for investors or business owners.

Key Highlights

  • High‑traffic location on E Wyoming Avenue in North Philadelphia.
  • Versatile 2‑story commercial building suitable for various business types (office, retail, medical, salon, etc.).
  • 1,706 SqFt of usable space across two spacious levels.

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 $30.7k $18.00
− Vacancy −$3.2k −$1.85
EGI $27.5k $16.15
− OpEx −$8.3k −$4.84
NOI $19.3k $11.30
1,706 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%

Alternative Uses

Best Use
Retail
$275.5K
$241.0K – $321.4K (±1% cap)
NOI $19,282 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$415.9K
$363.9K – $485.2K (±1% cap)
NOI $29,113 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Real Estate Agency Law Firm Dental Office Skin Care Clinic Parking Lot & Garage Electrical Service Gym & Fitness Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Two-story commercial building with high visibility in North Philadelphia.
Where is this retail space located?
The property is located at 457 E Wyoming Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: High‑traffic location on E Wyoming Avenue in North Philadelphia.; Versatile 2‑story commercial building suitable for various business types (office, retail, medical, salon, etc.).; **1,706 SqFt of usable space across two spacious levels.**
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