Corner Retail Building with
4817 Chester Ave Philadelphia, PA 19143
4817 Chester Ave, Philadelphia, PA, 19143
$1,295,000
For Sale
$1,295,000
Corner storefront building on Chester Avenue with four commercial units and a curb cut for approximately eight vehicles.
Property Size6,410 SF
Price / SF$202.03
Days on Market99
Property Features for 4817 Chester Ave
General Information
- Standard status
- Active
- Size
- 6,410 SF
Listing agency
KW Empower
(215) 500-9180
Listed by
Andre Quain · License #RS339578
(215) 500-9180
Source
Exprealty
Added: Apr 16 Updated: Jul 22 at 6:34PM Checked: Jul 22 at 6:34PM
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 KW Empower
Investment Insights
Based on property information with market context.
This corner retail building offers approximately 6,410 square feet and is currently configured as four separate commercial units, creating flexibility for an owner-operator, investor, or a tenant mix strategy. The building’s layout also allows for potential consolidation into a larger single-user footprint if desired.
The property is positioned directly along Chester Avenue and is catty-corner from SEPTA Regional Rail, with access described as being on a trolley line. A curb cut along 49th Street provides on-site parking for approximately eight vehicles.
As currently presented, the site supports multiple practical approaches, including working with the existing four-unit setup or exploring redevelopment options, subject to buyer due diligence and verification of zoning and use.
The property is positioned directly along Chester Avenue and is catty-corner from SEPTA Regional Rail, with access described as being on a trolley line. A curb cut along 49th Street provides on-site parking for approximately eight vehicles.
As currently presented, the site supports multiple practical approaches, including working with the existing four-unit setup or exploring redevelopment options, subject to buyer due diligence and verification of zoning and use.
Key Highlights
- Highly visible corner storefront on Chester Avenue with curb cut on 49th Street for on‑site parking for approximately 8 vehicles.
- Approximately 6,410 SF existing building currently configured as 4 commercial units.
- Layout allows potential consolidation into a larger single‑user footprint, or repositioning for different commercial use.
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 | $192.3k | $30.00 |
| − Vacancy | −$32.7k | −$5.10 |
| EGI | $159.6k | $24.90 |
| − OpEx | −$47.9k | −$7.47 |
| NOI | $111.7k | $17.43 |
6,410 SF · lease $30.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.86M
NOI $111,726 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,791 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Church of God in the Word
Church
Similar For Sale Nearby
Similar Off Market Nearby
- Creative Vases — 543 S 52nd St, Philadelphia, PA 19143
- Flower Delivery Philadelphia PA — 5129 baltimore ave, philadelphia, pa 19143
FAQs
What type of property is this?
Storefront property - Corner storefront building on Chester Avenue with four commercial units and a curb cut for approximately eight vehicles.
Where is this storefront property located?
The property is located at 4817 Chester Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Highly visible corner storefront on Chester Avenue with curb cut on 49th Street for on‑site parking for approximately 8 vehicles.; Approximately 6,410 SF existing building currently configured as 4 commercial units.; Layout allows potential consolidation into a larger single‑user footprint, or repositioning for different commercial use.
