Shopping Center with Ample
For Sale
$20,000,000
7101 E Roosevelt Boulevard, Philadelphia, PA 19149
Well-maintained retail shopping center offers flexible unit layouts and ample parking on a high-traffic boulevard corridor.
Property Size71,000 SF
Price / SF$281.69
Days on Market323
Property Features for 7101 E Roosevelt Boulevard
General Information
Standard status
Active
Size
71,000 SF
Property subtype
Retail
Building Details
Year Built
1979
Listing Agency:
Home Max Realty
(215) 820-1621
Listed By:
Jie Chen · License #RM424964
(215) 820-1621
Source:
Xome
Added: Sep 13, 2025
Changed: Jul 10
Last Checked: Jul 31 at 2:54PM
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 Home Max Realty
Investment Insights
Based on property information with market context.
This well-maintained retail shopping center is offered for sale or lease and features multiple units with flexible floor plans. The property is designed for easy customer access, with ample on-site parking and excellent signage opportunities across the site.
Located along E Roosevelt Boulevard in Northeast Philadelphia, the center benefits from exposure on a highly active commercial corridor. The property sits near established residential neighborhoods and is surrounded by major retailers and restaurants, supporting consistent daily activity in the area. It also provides convenient ingress and egress for visiting shoppers.
The tenant mix and flexible configuration make the center practical for a range of uses, including retail, service, or office. With strong visibility along Roosevelt Boulevard (Route 1) and straightforward parking access, the property is positioned to serve customers seeking convenient retail and service options near dense residential areas.
Located along E Roosevelt Boulevard in Northeast Philadelphia, the center benefits from exposure on a highly active commercial corridor. The property sits near established residential neighborhoods and is surrounded by major retailers and restaurants, supporting consistent daily activity in the area. It also provides convenient ingress and egress for visiting shoppers.
The tenant mix and flexible configuration make the center practical for a range of uses, including retail, service, or office. With strong visibility along Roosevelt Boulevard (Route 1) and straightforward parking access, the property is positioned to serve customers seeking convenient retail and service options near dense residential areas.
Key Highlights
- Major retail shopping center along Roosevelt Boulevard (Route 1) in Northeast Philadelphia
- Zoned CA1
- Multiple retail units with flexible floor plans
Financial Insights For Retail
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 | $1.28M | $18.00 |
| − Vacancy | −$131.6k | −$1.85 |
| EGI | $1.15M | $16.15 |
| − OpEx | −$343.9k | −$4.84 |
| NOI | $802.5k | $11.30 |
71,000 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$11.46M
$10.03M – $13.37M
NOI $802,456 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Apartment 5plus
$135.94M
$118.95M – $158.60M
NOI $9,515,860 @ 7.0% cap · market cap 47.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
469k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 39%
Dining 36%
Shops & Services 18%
Electronics 5%
Macy's
Apparel
94,896 visits/mo
0.3 miles
Wawa
Shops & Services
50,568 visits/mo
0.2 miles
Raising Cane's Chicken Fingers
Dining
35,463 visits/mo
0.3 miles
McDonald's
Dining
35,339 visits/mo
0.2 miles
Wendy's
Dining
33,739 visits/mo
0.4 miles
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 Retail in Philadelphia, PA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained retail shopping center offers flexible unit layouts and ample parking on a high-traffic boulevard corridor.
Where is this shopping center located?
The property is located at 7101 E Roosevelt Boulevard Philadelphia, PA.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: Major retail shopping center along Roosevelt Boulevard (Route 1) in Northeast Philadelphia; Zoned CA1; Multiple retail units with flexible floor plans
