Mixed-Use Storefront with
546-548 Carpenter Lane Philadelphia, PA 19119
546-548 Carpenter Lane, Philadelphia, PA, 19119
$1,350,000
For Sale
$1,350,000
Versatile retail storefront set within a CMX-2 mixed-use zone, featuring multiple bays, rooftop ventilation, and a designated loading area.
Property Size3,800 SF
Price / SF$355.26
Days on Market17
Property Features for 546-548 Carpenter Lane
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agency
BHHS Fox & Roach At the Harper,Rittenhouse Square
(215) 790-5501
Listed by
Marc A. Hammarberg
Source
Deepcreeklake
Added: Jul 6 Updated: Jul 21 at 5:14PM Checked: Jul 21 at 5:14PM
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 BHHS Fox & Roach At the Harper,Rittenhouse Square
Investment Insights
Based on property information with market context.
This mixed-use storefront property for sale includes two separately deeded parcels combined into a single functional site. The space totals approximately 3,800 square feet and consists of expansive open floor plans spanning both buildings, connected by multiple interior openings and basement access. Ceiling height is approximately 11 feet, and rooftop industrial ventilation fans support commercial operations. The property includes one full bathroom, three half baths, and three interior stairways to the basement, along with individual sidewalk steel cellar entrances for each building. A newly installed torch-down modified bitumen roof is a recent improvement.
The property is zoned CMX-2 Mixed Use and offers the flexibility to support a range of commercial and mixed-use applications, subject to applicable approvals. Approximately 45 feet of designated loading zone runs along the front, providing practical access for deliveries and day-to-day operations.
For more than six decades, the property has operated as a neighborhood dry-cleaning business, illustrating long-standing utility of the improved space while allowing the next owner to reimagine the layout within the permitted framework.
The property is zoned CMX-2 Mixed Use and offers the flexibility to support a range of commercial and mixed-use applications, subject to applicable approvals. Approximately 45 feet of designated loading zone runs along the front, providing practical access for deliveries and day-to-day operations.
For more than six decades, the property has operated as a neighborhood dry-cleaning business, illustrating long-standing utility of the improved space while allowing the next owner to reimagine the layout within the permitted framework.
Key Highlights
- 3,800 SF commercial property built in 1925 in Mount Airy with an expansive open floor plan across both buildings
- Zoned CMX‑2 Mixed Use, with potential for retail, restaurant, office, creative workspace, mixed‑use redevelopment, or residential units above where permitted
- Two separately deeded parcels combined into one functional space, with multiple interior openings and access through the basement
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 | $68.4k | $18.00 |
| − Vacancy | −$7.0k | −$1.85 |
| EGI | $61.4k | $16.15 |
| − OpEx | −$18.4k | −$4.84 |
| NOI | $42.9k | $11.30 |
3,800 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$613.5K
$536.9K – $715.8K
NOI $42,948 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$926.4K
$810.6K – $1.08M
NOI $64,847 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Versatile retail storefront set within a CMX-2 mixed-use zone, featuring multiple bays, rooftop ventilation, and a designated loading area.
Where is this storefront property located?
The property is located at 546-548 Carpenter Lane Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3,800 SF commercial property built in 1925 in Mount Airy with an expansive open floor plan across both buildings; Zoned CMX‑2 Mixed Use, with potential for retail, restaurant, office, creative workspace, mixed‑use redevelopment, or residential units above where permitted; Two separately deeded parcels combined into one functional space, with multiple interior openings and access through the basement
