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
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 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
Who owns this building?
See the owner, sales and loan history
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
Similar Off Market Nearby
- Spring Garden Flowers — 1209 Ridge Ave, Philadelphia, PA 19123
- Flowers Etcetera By Denise — 637 N 2nd St, Philadelphia, PA 19123
- Carl Alan Floral Designs, LTD — 910 Fairmount Ave, Philadelphia, PA 19123
- Pearl — W Laurel St, Philadelphia, PA 19123
- Celebrate! — 1202 n 7th st, philadelphia, pa 19122
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
