Corner Grocery and Convenience
For Sale
$610,000
6600 LIMEKILN PIKE, Philadelphia, PA 19138
Corner commercial property combines an operating grocery store with two adaptable vacant units and separate entrances.
Property Size3,550 SF
Days on Market50
Property Features for 6600 LIMEKILN PIKE
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Retail
Site & Location
Neighborhood
Northwest Philadelphia
Corner Location
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,149
Building Details
Building Size
3,550 SF
Year Built
1970
Tenancy
Multi
Listing Agency:
Realty Mark Associates
Listed By:
Steven Gov · License #RS334577
(267) 918-0354
Source:
Lizclarkrealestate
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 25 at 12:50AM
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
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Investment Insights
Based on property information with market context.
Built in 1970, this corner grocery and convenience property includes an operating grocery store under a long-term lease, along with two vacant units. The vacant space may function as one larger unit or return to a two-unit configuration, with utilities and separate entrances already in place. Earlier uses included a daycare and a church.
The property sits near a high school and surrounding residential housing, with vehicle and pedestrian activity noted at the corner. Recent work includes sidewalk replacement and other property improvements. The layout supports continued grocery operations while retaining flexible vacant space for occupancy or reconfiguration.
The property sits near a high school and surrounding residential housing, with vehicle and pedestrian activity noted at the corner. Recent work includes sidewalk replacement and other property improvements. The layout supports continued grocery operations while retaining flexible vacant space for occupancy or reconfiguration.
Key Highlights
- Operating grocery store with a long‑term lease in place
- Two vacant units can remain combined or be separated
- Utilities and separate entrances serve the vacant units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,440
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,800
$1.0M
Cap Rate 7%
$734,857
$734.9K
Cap Rate 9%
$571,556
$571.6K
Market Conditions
NOI Build-Up for 3,550 SF
Gross rent
$74.6K $21.00/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$68.6K $19.32/SF
− OpEx
−$17.1K −$4.83/SF
NOI
$51.4K $14.49/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,028,800
Cap Rate 7%
$734,857
Cap Rate 9%
$571,556
Alternative Uses
Best Use
Specialty Retail
$734.9K
$643.0K – $857.3K
NOI $51,440 @ 7.0% cap · market cap 8.43%
Second Best
Retail
$573.2K
$501.5K – $668.7K
NOI $40,123 @ 7.0% cap · market cap 6.58%
Theoretical Best
Multifamily LT 5
$865.4K
$757.3K – $1.01M
NOI $60,580 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
970
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Groceries 24%
Apparel 6%
Shops & Services 3%
McDonald's
Dining
21,553 visits/mo
0.3 miles
State Liquor Store
Groceries
10,103 visits/mo
0.5 miles
Little Caesars Pizza
Dining
6,510 visits/mo
0.5 miles
Clarks
Apparel
2,424 visits/mo
0.3 miles
Liberty Tax
Shops & Services
1,198 visits/mo
0.5 miles
Demographics for 19138, PA
31,816
Population
13,836
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
17,676
Density / Sq Mi
$51,586
Median Household Income
$36,956
Median Earnings
$1,172
Median Rent
$167,300
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
- Our Market S & J Food Market — 6501 Wyncote Ave, Philadelphia, PA 19138
- Leury Mezquita — 6600 Limekiln Pike, Philadelphia, PA 19138
- 8 Brothers — 6600 Limekiln Pike, Philadelphia, PA 19138
- Jimenez Grocery — 6657 Ogontz Ave, Philadelphia, PA 19126
- YMG Stenton Supermarket — 6400 Stenton Ave, Philadelphia, PA 19150
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner commercial property combines an operating grocery store with two adaptable vacant units and separate entrances.
Where is this grocery and convenience store located?
The property is located at 6600 LIMEKILN PIKE Philadelphia, PA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Operating grocery store with a long‑term lease in place; Two vacant units can remain combined or be separated; Utilities and separate entrances serve the vacant units
