Mixed-Use Storefront with
New
For Sale
$550,000
5138 MARKET STREET, Philadelphia, PA 19139
The ground-floor business space has food-preparation equipment, point-of-sale hardware, and commercial refrigeration.
Property Size2,250 SF
Price / SF$244.44
Days on Market5
Property Features for 5138 MARKET STREET
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Commercial
Amenities
laundry
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Mark Associates - KOP
(215) 376-4444
Listed By:
Marco Nunez · License #RS336240
(215) 360-6860
Source:
Cummingsrealtors
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:15AM
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 Realty Mark Associates - KOP
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,250-square-foot mixed-use property combines a street-level commercial storefront with two one-bedroom apartments above. The storefront is tenant-occupied and includes a POS system, security cameras, a hot-food preparation area with a commercial hood, beverage refrigerators, and a commercial storage refrigerator.
Each apartment has an eat-in kitchen and laundry amenities; one of the two apartments is currently rented. The property is on Market Street in Philadelphia, near the Market-Frankford Line.
Each apartment has an eat-in kitchen and laundry amenities; one of the two apartments is currently rented. The property is on Market Street in Philadelphia, near the Market-Frankford Line.
Key Highlights
- 2,250 square feet; built in 1925
- Tenant‑occupied commercial storefront with POS system and security cameras
- Hot‑food preparation area with commercial hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,730
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,600
$534.6K
Cap Rate 7%
$381,857
$381.9K
Cap Rate 9%
$297,000
$297.0K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$48.6K $21.60/SF
− Vacancy
−$5.8K −$2.59/SF
EGI
$42.8K $19.01/SF
− OpEx
−$16.0K −$7.13/SF
NOI
$26.7K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,600
Cap Rate 7%
$381,857
Cap Rate 9%
$297,000
Alternative Uses
Best Use
Mixed Use
$381.9K
$334.1K – $445.5K
NOI $26,730 @ 7.0% cap · market cap 4.86%
Second Best
Retail
$363.3K
$317.9K – $423.8K
NOI $25,430 @ 7.0% cap · market cap 4.62%
Theoretical Best
Multifamily LT 5
$548.5K
$480.0K – $639.9K
NOI $38,396 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,227
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 31%
Apparel 8%
Electronics 1%
Wendy's
Dining
24,438 visits/mo
0.5 miles
McDonald's
Dining
22,600 visits/mo
0.2 miles
Sunoco
Shops & Services
11,845 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,353 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,477 visits/mo
0.0 miles
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The ground-floor business space has food-preparation equipment, point-of-sale hardware, and commercial refrigeration.
Where is this mixed-use property located?
The property is located at 5138 MARKET STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,250 square feet; built in 1925; Tenant‑occupied commercial storefront with POS system and security cameras; Hot‑food preparation area with commercial hood
