Corner Grocery Store with
For Sale
$325,000
853 Jackson St, Philadelphia, PA 19148
Turnkey mixed-use property with a corner grocery store and a 2-bedroom second-floor apartment.
Property Size1,300 SF
Price / SF$250
Days on Market98
Property Features for 853 Jackson St
General Information
Standard status
Active
Size
1,300 SF
Site & Location
Neighborhood
Lower Moyamensing
Building Details
Year Built
1925
Listing Agency:
Liberty Real Estate
Listed By:
Richard Q Li · License #RM421130
(267) 767-7612
Source:
Kableteam
Added: Jul 18
Changed: Oct 14
Last Checked: Oct 23 at 12:28PM
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 Liberty Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This turnkey mixed-use property is currently leased, with the tenant renting both the ground-floor store and the second-floor apartment. The apartment includes two bedrooms and a rooftop exit.
The store operates as a corner grocery store. It has been used as a grocery store for the past 20 years, and it is positioned in the center of an upcoming neighborhood.
Per the seller, the property is being offered with the current tenant in place for both the retail space and the upstairs residence. The seller is motivated.
The store operates as a corner grocery store. It has been used as a grocery store for the past 20 years, and it is positioned in the center of an upcoming neighborhood.
Per the seller, the property is being offered with the current tenant in place for both the retail space and the upstairs residence. The seller is motivated.
Key Highlights
- Mixed‑use property with a corner grocery store and a 2‑bedroom second‑floor apartment
- Tenant currently leases both the store and the 2nd‑floor apartment
- Grocery store has been used as a grocery store for the past 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,448
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,960
$409.0K
Cap Rate 7%
$292,114
$292.1K
Cap Rate 9%
$227,200
$227.2K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$39.5K $30.36/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$37.2K $28.60/SF
− OpEx
−$16.7K −$12.87/SF
NOI
$20.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,960
Cap Rate 7%
$292,114
Cap Rate 9%
$227,200
Alternative Uses
Best Use
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,448 @ 7.0% cap · market cap 6.29%
Second Best
Specialty Retail
$269.1K
$235.5K – $314.0K
NOI $18,837 @ 7.0% cap · market cap 5.80%
Theoretical Best
Multifamily LT 5
$316.9K
$277.3K – $369.7K
NOI $22,184 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,620
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Dining 14%
Electronics 4%
Apparel 1%
Citizens Bank
Shops & Services
16,632 visits/mo
0.4 miles
TD Bank
Shops & Services
14,055 visits/mo
0.4 miles
Lukoil
Shops & Services
12,912 visits/mo
0.1 miles
Wells Fargo
Shops & Services
8,249 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,109 visits/mo
0.1 miles
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- 滨城超市 — oregon av &, s 3rd st, philadelphia, pa 19148
- PA MINIMARKET — Philadelphia, PA 19148
- No. 1 Supermarket — 2234 S 7th St, Philadelphia, PA 19148
- 9th Snyder Mini MArket — 2041 S 9th St, Philadelphia, PA 19148
- Ramayana Store — 1941 S 8th St, Philadelphia, PA 19148
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey mixed-use property with a corner grocery store and a 2-bedroom second-floor apartment.
Where is this grocery and convenience store located?
The property is located at 853 Jackson St Philadelphia, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Mixed‑use property with a corner grocery store and a 2‑bedroom second‑floor apartment; Tenant currently leases both the store and the 2nd‑floor apartment; Grocery store has been used as a grocery store for the past 20 years
