Retail Building with Two Commercial
7909 High School Rd Elkins Park, PA 19027
7909 High School Rd, Elkins Park, PA, 19027
$1,449,000
For Sale
$1,449,000
Recently renovated retail building with two fully built-out commercial kitchens and a rear loading dock.
Property Size10,000 SF
Price / SF$144.90
Days on Market110
Property Features for 7909 High School Rd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1940
Listing agency
Philadelphia Office
(215) 531-7025
Listed by
Berk Petersohn · License #PA: RS378882
(215) 531-7025
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 21 at 4:30AM Checked: Jul 21 at 4:30AM
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 Philadelphia Office
Investment Insights
Based on property information with market context.
A recently renovated retail building offering a highly functional layout suited for a variety of retail, food service, medical, or service-oriented uses. The property includes two fully built-out commercial-grade kitchens, designed to support food-focused concepts with turnkey kitchen infrastructure. Additional improvements are noted as reducing near-term capital expenditure requirements for a new owner.
The building is located at 7909 High School Road in Elkins Park, positioned along a well-traveled corridor with convenient access and strong visibility. The offering also highlights convenient access toward Center City Philadelphia and proximity to Route 611 (Old York Road).
Operationally, the property is equipped with a rear loading dock intended to support deliveries, storage, and back-of-house functionality.
The building is located at 7909 High School Road in Elkins Park, positioned along a well-traveled corridor with convenient access and strong visibility. The offering also highlights convenient access toward Center City Philadelphia and proximity to Route 611 (Old York Road).
Operationally, the property is equipped with a rear loading dock intended to support deliveries, storage, and back-of-house functionality.
Key Highlights
- 10,000 SF recently renovated retail building built in 1940
- Two fully built‑out commercial‑grade kitchens for restaurant, catering, convenience store, or brewery concepts
- Rear loading dock to support deliveries, storage, and back‑of‑house operations
Local 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 | $180.0k | $18.00 |
| − Vacancy | −$7.6k | −$0.76 |
| EGI | $172.4k | $17.24 |
| − OpEx | −$51.7k | −$5.17 |
| NOI | $120.7k | $12.07 |
10,000 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$5.75M
$5.03M – $6.71M
NOI $402,647 @ 7.0% cap · market cap 27.79%
Second Best
Retail
$1.72M
$1.51M – $2.01M
NOI $120,708 @ 7.0% cap · market cap 8.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CreekSide Restaurant & Deli
Restaurant
Creekside Market and Tap
Restaurant
Cheshire Brewing Co.
Production Facility
Haven Local
Restaurant
Hana Floral Design ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Recently renovated retail building with two fully built-out commercial kitchens and a rear loading dock.
Where is this retail space located?
The property is located at 7909 High School Rd Elkins Park, PA.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: 10,000 SF recently renovated retail building built in 1940; Two fully built‑out commercial‑grade kitchens for restaurant, catering, convenience store, or brewery concepts; Rear loading dock to support deliveries, storage, and back‑of‑house operations
