Corner Mixed-Use Building with Curb Cut
For Sale
$1,295,000
481723 Chester Avenue, Philadelphia, PA 19143
Configured as four commercial units, with a curb cut on-site parking for about eight vehicles.
Property Size6,410 SF
Price / SF$202.03
Days on Market154
Property Features for 481723 Chester Avenue
General Information
Standard status
Active
Size
6,410 SF
Total Parking Spaces
8
Property subtype
Commercial
Lease Term
[]
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Andre Quain · License #RS339578
Source:
Deepcreeklake
Added: Feb 27
Changed: Jul 30
Last Checked: Jul 30 at 9:09AM
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 mixed-use opportunity includes an approximately 6,410-square-foot building constructed in 1925. The property is currently configured as four commercial units, offering flexibility for immediate income, repositioning, or conversion. The layout also allows for potential consolidation into a larger single-user footprint if desired. Zoning is described as supporting increased density, and the site offers potential for approximately 15-20 residential units, subject to buyer due diligence and verification of zoning and use.
The property features a curb cut along 49th Street that provides on-site parking for approximately eight vehicles, with the potential to expand or reconfigure based on the final design. It sits directly along Chester Avenue and is catty-corner from SEPTA Regional Rail, located on a trolley line that provides access to University City and Center City.
Nearby demand drivers include being just minutes from UPenn and Drexel University, with close proximity to Clark Park and the Baltimore Avenue corridor.
The property features a curb cut along 49th Street that provides on-site parking for approximately eight vehicles, with the potential to expand or reconfigure based on the final design. It sits directly along Chester Avenue and is catty-corner from SEPTA Regional Rail, located on a trolley line that provides access to University City and Center City.
Nearby demand drivers include being just minutes from UPenn and Drexel University, with close proximity to Clark Park and the Baltimore Avenue corridor.
Key Highlights
- Approximately 6,410 SF mixed‑use corner building built in 1925
- Currently configured as four commercial units, with ability to consolidate to a single‑user footprint
- Curb cut along 49th Street provides on‑site parking for approximately eight vehicles
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
Mixed Use
$1.24M
$1.08M – $1.44M
NOI $86,535 @ 7.0% cap · market cap 6.68%
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 authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Dunkin' Donuts
Dining
9,399 visits/mo
0.3 miles
AutoZone
Shops & Services
6,834 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
4,023 visits/mo
0.5 miles
Demographics for 19143, PA
64,648
Population
31,391
Households
2.1
Avg Household Size
36
Median Age
32%
College-Educated
91%
High-School Grad
3.1 sq mi
ZIP Area
20,854
Density / Sq Mi
$47,964
Median Household Income
$38,189
Median Earnings
$1,235
Median Rent
$152,000
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Philadelphia, PA
Properties on Market for Mixed-use properties in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Configured as four commercial units, with a curb cut on-site parking for about eight vehicles.
Where is this mixed-use property located?
The property is located at 481723 Chester Avenue 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: Approximately 6,410 SF mixed‑use corner building built in 1925; Currently configured as four commercial units, with ability to consolidate to a single‑user footprint; Curb cut along 49th Street provides on‑site parking for approximately eight vehicles
