Multi-Tenant Shopping
For Sale
$2,550,000
Pending
7034-7048 CASTOR AVENUE, Philadelphia, PA 19149
Three established occupants include a supermarket, language school, and KTV, with additional second-floor office space available for leasing.
Property Size16,530 SF
Lot Size0.32 Acres
Days on Market312
Property Features for 7034-7048 CASTOR AVENUE
General Information
Standard status
Pending
Size
16,530 SF
Net Rentable
16,000 SF
Lot size
0.32 Acres
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$32,305
Building Details
Building Size
16,530 SF
Year Built
1970
Tenancy
Multi
Listing Agency:
HomeSmart Realty Advisors
Listed By:
Jackie Zhang · License #RS366943
(215) 470-1168
Source:
Lizclarkrealestate
Added: Dec 10, 2025
Changed: Oct 7
Last Checked: Oct 16 at 5:43PM
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 HomeSmart Realty Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This shopping center spans a combined 0.32-acre parcel and offers approximately 16,000 square feet of leasable area. Three established occupants—a supermarket, language school, and KTV—are currently in place. The second floor includes additional office space that can be leased separately for professional services, education, or creative uses.
The property is located at 7034-7048 Castor Ave in Philadelphia, within minutes of Cottman Avenue. More than 300,000 residents are located within a 3-mile radius, and the Cottman & Bustleton Shopping Center is approximately 2,000 feet away. Its tenant mix and additional office area provide both existing occupancy and leasing capacity within a commercial corridor in Northeast Philadelphia.
The property is located at 7034-7048 Castor Ave in Philadelphia, within minutes of Cottman Avenue. More than 300,000 residents are located within a 3-mile radius, and the Cottman & Bustleton Shopping Center is approximately 2,000 feet away. Its tenant mix and additional office area provide both existing occupancy and leasing capacity within a commercial corridor in Northeast Philadelphia.
Key Highlights
- Combined 0.32‑acre parcel
- Approximately 16,000 square feet of leasable area
- Three established tenants: supermarket, language school, and KTV
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,840
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,636,800
$4.6M
Cap Rate 7%
$3,312,000
$3.3M
Cap Rate 9%
$2,576,000
$2.6M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$336.0K $21.00/SF
− Vacancy
−$26.9K −$1.68/SF
EGI
$309.1K $19.32/SF
− OpEx
−$77.3K −$4.83/SF
NOI
$231.8K $14.49/SF
Area
ZIP 19149
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%
$4,636,800
Cap Rate 7%
$3,312,000
Cap Rate 9%
$2,576,000
Alternative Uses
Best Use
Office B
$3.59M
$3.14M – $4.19M
NOI $251,546 @ 7.0% cap · market cap 9.86%
Second Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 9.09%
Theoretical Best
Apartment 5plus
$30.63M
$26.81M – $35.74M
NOI $2,144,419 @ 7.0% cap · market cap 84.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,648
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19149, PA
60,408
Population
20,810
Households
2.9
Avg Household Size
33
Median Age
15%
College-Educated
76%
High-School Grad
2.4 sq mi
ZIP Area
25,170
Density / Sq Mi
$54,679
Median Household Income
$33,111
Median Earnings
$1,484
Median Rent
$198,200
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
- 东北地区费城 — 2842 St Vincent St, Philadelphia, PA 19149
- Roosevelt Retail — 2311 Cottman Ave #71, Philadelphia, PA 19149
- Sunglass Hut at Macy's — 2399 Cottman Ave, Philadelphia, PA 19149
- El moll — 2327 Cottman Ave, Philadelphia, PA 19149
- Roosevelt Mall — 2329 Cottman Ave, Philadelphia, PA 19149
Frequently Asked Questions
What type of property is this?
Shopping center - Three established occupants include a supermarket, language school, and KTV, with additional second-floor office space available for leasing.
Where is this shopping center located?
The property is located at 7034-7048 CASTOR AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Combined 0.32‑acre parcel; Approximately 16,000 square feet of leasable area; Three established tenants: supermarket, language school, and KTV
