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    5013 Springfield Ave Philadelphia, PA 19143

    Sponsored
    For Lease
    $190 SF/Yr

    Prime Philadelphia retail space, flexible layout.

    Lot size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional ground floor commercial space, located in Philadelphia County, is ideally suited for a cafe, coffee shop, or grocery store specializing in fresh foods. Currently available for occupancy, the space offers a flexible layout ranging from 1,500 to 4,500 square feet, providing ample room for a variety of retail concepts. The property boasts over 55 feet of prominent Springfield Avenue frontage, ensuring high visibility and accessibility for potential customers. Situated beneath 65 newly constructed apartments, this location benefits from a built-in customer base. The space will be delivered as a "vanilla box," offering a blank canvas for customization, although build-out negotiations are possible. High-end finishes are planned, including low-iron glass storefront panels, polished concrete floors, and impressive 10-foot ceiling heights featuring exposed beams. Furthermore, the building incorporates abundant green roofs, contributing to an environmentally conscious and aesthetically pleasing atmosphere. This is a unique opportunity to establish a thriving business in a vibrant and rapidly developing neighborhood. The space is available for Summer 2022 occupancy.

    Property Features for 5013 Springfield Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,500 SF

    Unit(s) available at that property

    Space
    Size
    4,500 SF
    Rate per SF
    $190

    HighLights

    • Retail space in Philadelphia County.
    • Single‑tenant retail space.
    • 1,500 - 4,500 square feet available.
    • Summer 2022 occupancy.
    • Ideal for cafe, coffee shop, or grocery store with fresh foods.
    • Over 55 feet of Springfield Avenue frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Meadowline Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.2197032
    Latitude
    39.9440747

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    FAQs

    What type of property is this?
    Restaurant - Prime Philadelphia retail space, flexible layout.
    Where is this restaurant located?
    The property is located at 5013 Springfield Ave Philadelphia, PA.
    What is the lease rate?
    The lease rate is $190 SF/Yr.
    What are key features of this property?
    This property features: Retail space in Philadelphia County.; Single-tenant retail space.; 1,500 - 4,500 square feet available.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5013 Springfield Ave Philadelphia, PA 19143
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