Corner Mixed-Use
701 W Girard Avenue Philadelphia, PA 19123
701 W Girard Avenue, Philadelphia, PA, 19123
$1,975,000
For Sale
$1,975,000
Corner mixed-use property with a 13-unit residential mix and commercial space on Girard Avenue, currently 85% complete.
Property Size8,600 SF
Price / SF$229.65
Days on Market213
Property Features for 701 W Girard Avenue
General Information
- Standard status
- Active
- Size
- 8,600 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1915
Listing agency
KW Empower
(267) 813-2985
Listed by
Richard Cassell · License #RS330536
(267) 813-2985
Source
Xome
Added: Dec 21, 2025 Updated: Jul 20 at 6:23PM Checked: Jul 22 at 3:33AM
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
Investment Insights
Based on property information with market context.
Corner mixed-use building consisting of 1 building and 1 townhouse, currently 85% complete. The residential component includes 13 units ranging from studios through 3 bedrooms. The property also features commercial space on Girard Avenue, aligning with its mixed-use configuration.
The asset is described as being surrounded by new development in Northern Liberties and is identified with CMX2 zoning. Rental revenue is described in connection with a Section 8 rent schedule, including Group 4 rents.
This is a value-add construction opportunity with the property positioned as an expansive, double-wide development already in progress.
The asset is described as being surrounded by new development in Northern Liberties and is identified with CMX2 zoning. Rental revenue is described in connection with a Section 8 rent schedule, including Group 4 rents.
This is a value-add construction opportunity with the property positioned as an expansive, double-wide development already in progress.
Key Highlights
- Corner mixed‑use building with 13 units and commercial space on Girard Ave
- 13‑unit residential mix includes studios through 3 bedrooms
- Value‑add work is 85% complete
Local Financial Insights For Apartment 5plus
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 | $261.1k | $30.36 |
| − Vacancy | −$15.1k | −$1.76 |
| EGI | $246.0k | $28.60 |
| − OpEx | −$110.7k | −$12.87 |
| NOI | $135.3k | $15.73 |
8,600 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.93M
$1.69M – $2.25M
NOI $135,274 @ 7.0% cap · market cap 6.85%
Second Best
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,168 @ 7.0% cap · market cap 5.17%
Theoretical Best
Multifamily LT 5
$2.10M
$1.83M – $2.45M
NOI $146,758 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AquaOx Water Filters
Home Appliance Store
Beer City
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Corner mixed-use property with a 13-unit residential mix and commercial space on Girard Avenue, currently 85% complete.
Where is this apartment building located?
The property is located at 701 W Girard Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: Corner mixed‑use building with 13 units and commercial space on Girard Ave; 13‑unit residential mix includes studios through 3 bedrooms; Value‑add work is 85% complete
