Storefront
New
For Sale
$625,000
705 W GIRARD AVENUE, Philadelphia, PA 19123
The existing building is offered in its current condition for renovation or possible redevelopment, subject to required approvals.
Property Size4,542 SF
Price / SF$137.60
Days on Market5
Property Features for 705 W GIRARD AVENUE
General Information
Standard status
Active
Size
4,542 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
1940
Listing Agency:
KW Empower
(215) 627-3500
Listed By:
Carlos Masip · License #AB068852
(267) 456-0448
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 3:56PM
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
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Investment Insights
Based on property information with market context.
This 4,542-square-foot storefront property was built in 1940 and is being sold as-is. The existing structure may be renovated, or a buyer may assess demolition and new construction, subject to applicable zoning, permits, and approvals. Buyers are responsible for confirming the property's condition, permitted uses, and development feasibility.
Key Highlights
- 4,542‑square‑foot storefront property
- Built in 1940
- Sold in its current condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,335
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,700
$1.0M
Cap Rate 7%
$733,357
$733.4K
Cap Rate 9%
$570,389
$570.4K
Market Conditions
NOI Build-Up for 4,542 SF
Gross rent
$81.8K $18.00/SF
− Vacancy
−$8.4K −$1.85/SF
EGI
$73.3K $16.15/SF
− OpEx
−$22.0K −$4.84/SF
NOI
$51.3K $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%
$1,026,700
Cap Rate 7%
$733,357
Cap Rate 9%
$570,389
Alternative Uses
Best Use
Retail
$733.4K
$641.7K – $855.6K
NOI $51,335 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.11M
$968.9K – $1.29M
NOI $77,509 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,203
Businesses Nearby
44k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 34%
Home Improvements & Furnishings 9%
Dunkin' Donuts
Dining
14,354 visits/mo
0.2 miles
Sunoco
Shops & Services
9,869 visits/mo
0.2 miles
Applebee's
Dining
8,592 visits/mo
0.4 miles
The UPS Store
Shops & Services
4,184 visits/mo
0.5 miles
Papa John's Pizza
Dining
2,165 visits/mo
0.1 miles
Demographics for 19123, PA
18,793
Population
10,636
Households
1.8
Avg Household Size
33
Median Age
66%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
14,456
Density / Sq Mi
$95,872
Median Household Income
$73,760
Median Earnings
$1,687
Median Rent
$544,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Storefront property - The existing building is offered in its current condition for renovation or possible redevelopment, subject to required approvals.
Where is this storefront property located?
The property is located at 705 W GIRARD AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 4,542‑square‑foot storefront property; Built in 1940; Sold in its current condition
