Freestanding Storefront
For Sale
$1,250,000
5440 Lansdowne Ave, Philadelphia, PA 19131
Vacant freestanding building with CMX-2 zoning, two entrances, and dedicated parking.
Property Size8,052 SF
Price / SF$155.24
Days on Market47
Property Features for 5440 Lansdowne Ave
General Information
Standard status
Active
Size
8,052 SF
Total Parking Spaces
30
Property subtype
Urban-High Street
Zoning
CMX-2
Site & Location
Neighborhood
West Philadelphia
Traffic Count
9,000 vehicles/day
Amenities
Zoned CMX-2 with Flexible Redevelopment Potential for Retail, Medical, or Mixed-Use Repositioning
Value-Add Opportunity with Multiple Paths to Execution: Re-Leasing, Redevelopment, or Owner-User Occupancy
30 Parking Spaces and Two Points of Access Deliver Strong Site Functionality
Traffic Count of 9,000+ Vehicles Per Day
Building Details
Building Size
8,052 SF
Year Built
1990
Buildings
1
Tenancy
Single
Listing Agency:
Philadelphia Office
Listed By:
Berk Petersohn · License #License(s): PA: RS378882
(215) 531-7025
Source:
Marcusmillichap
Added: Sep 16
Changed: Oct 26
Last Checked: Nov 1 at 2:19AM
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 Philadelphia Office
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Investment Insights
Based on property information with market context.
Built in 1990, this vacant freestanding storefront property contains 8,052 square feet and was formerly occupied by Rite Aid. The building has two entrances, 30 parking spaces, and CMX-2 zoning, supporting a range of retail and mixed-use applications.
The property is located at 5440 Lansdowne Avenue in Philadelphia, Pennsylvania, on a road carrying over 9,000 cars each day. Retail activity in the surrounding area includes ShopRite, Lowe's, GameStop, and Foot Locker at ParkWest Town Center; Dollar Tree, Family Dollar, and Popeyes at Overbrook Plaza; and Target, TJ Maxx, Ross Dress for Less, Five Below, and AutoZone along the City Avenue retail corridor.
The property is located at 5440 Lansdowne Avenue in Philadelphia, Pennsylvania, on a road carrying over 9,000 cars each day. Retail activity in the surrounding area includes ShopRite, Lowe's, GameStop, and Foot Locker at ParkWest Town Center; Dollar Tree, Family Dollar, and Popeyes at Overbrook Plaza; and Target, TJ Maxx, Ross Dress for Less, Five Below, and AutoZone along the City Avenue retail corridor.
Key Highlights
- 8,052‑square‑foot freestanding storefront property
- CMX‑2 zoning supports retail and mixed uses
- 30 parking spaces and two building entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,005
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,820,100
$1.8M
Cap Rate 7%
$1,300,071
$1.3M
Cap Rate 9%
$1,011,167
$1.0M
Market Conditions
NOI Build-Up for 8,052 SF
Gross rent
$144.9K $18.00/SF
− Vacancy
−$14.9K −$1.85/SF
EGI
$130.0K $16.15/SF
− OpEx
−$39.0K −$4.84/SF
NOI
$91.0K $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%
$1,820,100
Cap Rate 7%
$1,300,071
Cap Rate 9%
$1,011,167
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,005 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.96M
$1.72M – $2.29M
NOI $137,407 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
9,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
185k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 45%
Dining 25%
Shops & Services 20%
Apparel 6%
ShopRite
Groceries
71,068 visits/mo
0.4 miles
McDonald's
Dining
24,688 visits/mo
0.4 miles
Sunoco
Shops & Services
12,941 visits/mo
0.2 miles
Fine Wine & Good Spirits
Groceries
12,362 visits/mo
0.3 miles
Dollar General
Shops & Services
9,124 visits/mo
0.3 miles
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- Loretta's Flower Shop — 437 N 52nd St, Philadelphia, PA 19139
- Regan's Flower Shop — 1219 N 52nd St, Philadelphia, PA 19131
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant freestanding building with CMX-2 zoning, two entrances, and dedicated parking.
Where is this storefront property located?
The property is located at 5440 Lansdowne Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,052‑square‑foot freestanding storefront property; CMX‑2 zoning supports retail and mixed uses; 30 parking spaces and two building entrances
