801 N 48th St Philadelphia, PA 19139

Building Details

Year Built

1980

Listing office KW Commercial

Listing date Aug 8, 2023

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial

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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).

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FAQs

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).