Retail Space with Private
New
For Sale
Contact for pricing
624 GIRARD AVENUE #COMMERCIAL, Philadelphia, PA 19125
CMX-2 zoning and a sizable basement provide additional space for storage and a range of commercial uses.
Property Size1,000 SF
Price / SF$2.00
Days on Market5
Property Features for 624 GIRARD AVENUE #COMMERCIAL
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
CMX-2
Additional Details
Road Access
Yes
Office Units
1
Amenities
original woodwork
modern hardwood flooring
large unfinished basement for storage
large private rear yard
Building Details
Year Built
1925
Listing Agency:
Michael Jordan Real Estate, LLC
(215) 403-3333
Listed By:
Michael Jordan · License #RM425935
(215) 870-3903
Source:
Cummingsrealtors
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 16 at 8:43AM
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 Michael Jordan Real Estate, LLC
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 1,000-square-foot retail space at 624 Girard Avenue includes original woodwork, hardwood flooring, an unfinished basement, and a private rear yard. The basement provides storage space, while CMX-2 zoning is identified for the property.
The property is on Girard Avenue in Philadelphia’s Fishtown neighborhood. Built in 1925, it offers a compact commercial footprint with indoor and outdoor areas.
The property is on Girard Avenue in Philadelphia’s Fishtown neighborhood. Built in 1925, it offers a compact commercial footprint with indoor and outdoor areas.
Key Highlights
- 1,000 square feet of retail space
- CMX‑2 zoning
- Unfinished basement for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,302
Suggested Prices Based on Cap Rates
Cap Rate 5%
$226,040
$226.0K
Cap Rate 7%
$161,457
$161.5K
Cap Rate 9%
$125,578
$125.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.9K −$1.85/SF
EGI
$16.1K $16.15/SF
− OpEx
−$4.8K −$4.84/SF
NOI
$11.3K $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%
$226,040
Cap Rate 7%
$161,457
Cap Rate 9%
$125,578
Alternative Uses
Best Use
Retail
$161.5K
$141.3K – $188.4K
NOI $11,302 @ 7.0% cap · market cap 566.52%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 855.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,561
Businesses Nearby
136k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 27%
Groceries 20%
Electronics 8%
The Richmond Bottle Shop
Groceries
27,246 visits/mo
0.5 miles
Dollar Tree
Shops & Services
24,165 visits/mo
0.4 miles
Starbucks
Dining
22,344 visits/mo
0.4 miles
Citizens Bank
Shops & Services
8,535 visits/mo
0.4 miles
GameStop
Electronics
6,888 visits/mo
0.4 miles
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
Market
Vacancy Rate% for Retail in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Retail space - CMX-2 zoning and a sizable basement provide additional space for storage and a range of commercial uses.
Where is this retail space located?
The property is located at 624 GIRARD AVENUE #COMMERCIAL Philadelphia, PA.
What are key features of this property?
This property features: 1,000 square feet of retail space; CMX‑2 zoning; Unfinished basement for storage
