Mixed-Use Storefront
For Sale
$349,000
7221 Rising Sun Ave, Philadelphia, PA 19111
Ground-floor commercial space is combined with a two-bedroom residence upstairs.
Property Size1,495 SF
Price / SF$233.44
Days on Market10
Property Features for 7221 Rising Sun Ave
General Information
Standard status
Active
Size
1,495 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
roof leaking repair
Site & Location
Neighborhood
Burholme
Mixed-Use Components
retail, residential
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
Wells Realty LLC
(215) 268-6475
Listed By:
Fayuan Frank Xue · License #RM425559
(718) 664-8058
Source:
Cummingsrealtors
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 23 at 4:23PM
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 Wells Realty LLC
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Investment Insights
Based on property information with market context.
This 1,495-square-foot mixed-use property, built in 1950, has a street-level storefront with a powder room and access to a small backyard. A central air unit is positioned at the rear. The second floor contains two bedrooms, a full bathroom, a dining room, and a kitchen, creating a commercial-and-residential layout within one building.
The property is on Rising Sun Ave in Northeast Philadelphia, within a business section. The first-floor space is described for potential retail or service use, while the upper level provides residential space.
The property is on Rising Sun Ave in Northeast Philadelphia, within a business section. The first-floor space is described for potential retail or service use, while the upper level provides residential space.
Key Highlights
- 1,495‑square‑foot mixed‑use property built in 1950
- Street‑level storefront includes a powder room and access to a small backyard
- Second floor has two bedrooms, one full bathroom, a dining room, and a kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,510
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,200
$490.2K
Cap Rate 7%
$350,143
$350.1K
Cap Rate 9%
$272,333
$272.3K
Market Conditions
NOI Build-Up for 1,495 SF
Gross rent
$39.5K $26.40/SF
− Vacancy
−$6.8K −$4.54/SF
EGI
$32.7K $21.86/SF
− OpEx
−$8.2K −$5.46/SF
NOI
$24.5K $16.39/SF
Area
ZIP 19111
Vacancy
17.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,200
Cap Rate 7%
$350,143
Cap Rate 9%
$272,333
Alternative Uses
Best Use
Office B
$350.1K
$306.4K – $408.5K
NOI $24,510 @ 7.0% cap · market cap 7.02%
Second Best
Mixed Use
$288.3K
$252.3K – $336.4K
NOI $20,183 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$453.3K
$396.6K – $528.8K
NOI $31,729 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 19111, PA
67,017
Population
27,518
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
13,962
Density / Sq Mi
$60,441
Median Household Income
$39,065
Median Earnings
$1,221
Median Rent
$244,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is combined with a two-bedroom residence upstairs.
Where is this mixed-use property located?
The property is located at 7221 Rising Sun Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,495‑square‑foot mixed‑use property built in 1950; Street‑level storefront includes a powder room and access to a small backyard; Second floor has two bedrooms, one full bathroom, a dining room, and a kitchen
