Retail Showroom with Glass
53-57 W CHELTEN AVENUE, Philadelphia, PA 19144
For Sale
New
$750,000
A flexible commercial interior combines open display space with offices, stockrooms, two restrooms, and additional storage.
Property Size4,500 SF
Price / SF$166.67
Days on Market5
Property Features for 53-57 W CHELTEN AVENUE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
glass storefront
metal security gate
private offices
stockrooms
restrooms
storage space
open showroom
Building Details
Building Size
Year Built
Listing Agency:
KW Empower
Listed By:
Bibe J Chin · License PA RS306678
(267) 210-0489
Source:
Lizclarkrealestate
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:37PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property offers approximately 4,500 square feet arranged around a large, open showroom. Multiple private offices, separate stockrooms, two restrooms, and additional storage provide distinct areas within the space. A glass storefront faces the street, with a roll-down metal security gate covering the front windows. The building dates to 1920.
The property is at 53-57 W Chelten Avenue in Philadelphia’s Germantown area, along a business corridor near Germantown Avenue. Nearby businesses and residences, along with access to public transportation, shape the surrounding context.
The property is at 53-57 W Chelten Avenue in Philadelphia’s Germantown area, along a business corridor near Germantown Avenue. Nearby businesses and residences, along with access to public transportation, shape the surrounding context.
Key Highlights
- Approximately 4,500 square feet of commercial space
- Open showroom with multiple private offices
- Separate stockrooms, two restrooms, and additional storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,860
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,200
$1.0M
Cap Rate 7%
$726,571
$726.6K
Cap Rate 9%
$565,111
$565.1K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$81.0K $18.00/SF
− Vacancy
−$8.3K −$1.85/SF
EGI
$72.7K $16.15/SF
− OpEx
−$21.8K −$4.84/SF
NOI
$50.9K $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%
$1,017,200
Cap Rate 7%
$726,571
Cap Rate 9%
$565,111
Alternative Uses
Best Use
Retail
$726.6K
$635.8K – $847.7K
NOI $50,860 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.10M
$959.9K – $1.28M
NOI $76,792 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,883
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 31%
Groceries 15%
Electronics 2%
McDonald's
Dining
22,820 visits/mo
0.2 miles
Wendy's
Dining
17,023 visits/mo
0.3 miles
Burger King
Dining
14,786 visits/mo
0.3 miles
Dollar Tree
Shops & Services
14,774 visits/mo
0.4 miles
Save-A-Lot
Groceries
14,471 visits/mo
0.4 miles
Demographics for 19144, PA
44,481
Population
23,583
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
90%
High-School Grad
3.6 sq mi
ZIP Area
12,356
Density / Sq Mi
$45,727
Median Household Income
$36,020
Median Earnings
$1,110
Median Rent
$224,600
Median Home Value
Market
Average Price Trend$/SF for Retail space in Philadelphia, PA
Properties on Market for Retail space in Philadelphia
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - A flexible commercial interior combines open display space with offices, stockrooms, two restrooms, and additional storage.
Where is this retail space located?
The property is located at 53-57 W CHELTEN AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 4,500 square feet of commercial space; Open showroom with multiple private offices; Separate stockrooms, two restrooms, and additional storage
