Philadelphia Shopping Center Investment
For Sale
Contact for pricing
801 N 48th St, Philadelphia, PA 19139
Prime investment property in a redeveloping Philadelphia neighborhood.
Property Size34,205 SF
Price / SF$115.48
Days on Market1122
Property Features for 801 N 48th St
General Information
Standard status
Active
Size
34,205 SF
Total Parking Spaces
70
Property subtype
Retail
Zoning
CA-2
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$374,096
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
KW Commercial
Listed By:
Andi Pesacov · License #RS210170L
Source:
Crexi
Added: Aug 8, 2023
Changed: Aug 22
Last Checked: Aug 31 at 1:17AM
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 Commercial
Investment Insights
Based on property information with market context.
Located at 801-807 N. 48th Street & 809-843 N. 48th Street in Philadelphia, this shopping center presents an investment opportunity. The property is situated in a rapidly redeveloping area with Federal Opportunity Zone advantages. Brightside Academy has renewed their lease with 2/5 year options, and Dollar General has options until 2037. A 10,000 square foot retail/office vacancy is available for lease. The site is surrounded by educational institutions such as the University of Pennsylvania, Drexel University, and the University of the Sciences. The neighborhood offers dining, retail, and entertainment options. The property is occupied by a mix of national and regional tenants, providing stable income and value-add income with the leasing of the 10,000 square foot retail vacancy, plus future development opportunities, as the property occupies nearly an entire city block. The property size is 34,205 square feet. The first-year proforma NOI is $374,096.
Key Highlights
- High‑potential investment property in a rapidly redeveloping Federal Opportunity Zone.
- Immediate income upside with 10,000 SF retail/office vacancy available for lease.
- Stable income from existing tenants, including Brightside Academy (recently renewed) and Dollar General (options until 2037).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,528
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
Checkers
Dining
15,034 visits/mo
0.4 miles
Dollar General
Shops & Services
9,664 visits/mo
0.1 miles
Global Gas
Shops & Services
736 visits/mo
0.3 miles
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
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 - Prime investment property in a redeveloping Philadelphia neighborhood.
Where is this shopping center located?
The property is located at 801 N 48th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: High‑potential investment property in a rapidly redeveloping Federal Opportunity Zone.; Immediate income upside with **10,000 SF retail/office vacancy available for lease.**; Stable income from existing tenants, including Brightside Academy (recently renewed) and Dollar General (options until 2037).
