801 N 48th St Philadelphia, PA 19139
Prime investment property in a redeveloping Philadelphia neighborhood.
Type:Retail
Property size:
34,205 SF- Added:
- Aug 8, 2023
- Days on Market:
- 986
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 801 N 48th St
General Information
- Standard status
- Active
- Size
- 34,205 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agent Andi Pesacov License #RS210170L
Listing office KW Commercial
Listing date Aug 8, 2023
Source Crexi
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
Overview
Philadelphia Shopping Center Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Crossroads Music
Music Venue
Camp Sojourner, Girls’ ...
Volunteer Organization
Dollar General
Discount Store
Brightside Academy
Daycare Center
Calvary United Methodist ...
Church
Similar Places Nearby
- The Renaissance Company — 30 S 54th St, Philadelphia, PA 19139
- Rihanna's mall — 1251 N 52nd St, Philadelphia, PA 19131
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.216527
- Latitude
- 39.967683
Nearby Similar for Sale
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).
