Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    701 Passyunk Ave Philadelphia, PA 19147

    For Sale
    $1,760,000

    Vacant Bank/Storefront, 11,946 SF

    Property size:
    5,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional retail property, located at 701 E Passyunk Ave in Philadelphia, Pennsylvania's desirable Queen Village neighborhood, presents a unique investment opportunity. The building, constructed in 1900, boasts a total of approximately 11,946 square feet of space, encompassing a main floor and mezzanine totaling approximately 5,042 square feet, plus a full basement. Currently vacant, this property offers immense potential for a variety of uses, thanks to its CMX2 zoning. The asking price is $1,760,000, translating to $349.07 per square foot. Its high-profile location and substantial square footage make it an ideal space for a wide range of businesses. The property's history includes use as a bank and a restaurant, showcasing its adaptability and suitability for diverse commercial ventures. The property's zip code is 19147, and its coordinates are 39.9407060963151 latitude and -75.150924630633 longitude. This is a rare chance to acquire a significant commercial space in a thriving Philadelphia neighborhood. Serious inquiries are encouraged.

    Property Features for 701 Passyunk Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,042 SF

    Building Details

    Year Built
    1900

    HighLights

    • $1,760,000 asking price for this retail property.
    • 5,042 square feet (main floor & mezzanine), plus 11,946 square feet total including basement.
    • Located in Philadelphia, PA's Queen Village neighborhood at 701 E Passyunk Ave.
    • Vacant, offering flexibility for various uses.
    • CMX2 zoning permits diverse commercial options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PNC Bank Atm PNC Bank ATM Atm PNC ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.150924630633
    Latitude
    39.940706096315

    Nearby Similar for Sale

    • New
      $998,886
      8,412 SF

      Mixed-Use Corner Property in Mayfair

      Highly visible mixed-use property with commercial and residential spaces.
      4624 Rhawn St, Philadelphia, PA 19136
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1334 N 7Th St, Philadelphia, PA 19122
      View Details
    • $960,000
      4,488 SF

      Renovated Triplex Near Fishtown

      Fully renovated triplex with bi-level units near Fishtown and Temple.
      1336 N 7Th St, Philadelphia, PA 19122
      View Details
    • $400,000
      2,991 SF

      Philadelphia Multifamily Investment Opportunity

      Fully occupied 6-unit multifamily property near University City and Clark Park.
      4714 Woodland Ave, Philadelphia, PA 19143
      View Details
    • $400,000
      3,450 SF

      Philadelphia Multifamily Investment Opportunity

      Fully occupied 6-unit multifamily portfolio near University City and Clark Park.
      4712 Woodland Ave, Philadelphia, PA 19143
      View Details
    • $879,000
      2,868 SF

      Prime Retail with Two-Story Apartment

      Retail space with a two-story apartment in Queen Village.
      713 S 4Th St, Philadelphia, PA 19147
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Vacant Bank/Storefront, 11,946 SF
    Where is this individual retail property located?
    The property is located at 701 Passyunk Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $1,760,000.
    What are key features of this property?
    This property features: $1,760,000 asking price for this retail property.; 5,042 square feet (main floor & mezzanine), plus 11,946 square feet total including basement.; Located in Philadelphia, PA's Queen Village neighborhood at 701 E Passyunk Ave.
    Request Owner's contact information
    701 Passyunk Ave Philadelphia, PA 19147
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 Passyunk Ave
    Philadelphia, PA 19147
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    701 Passyunk Ave Philadelphia, PA 19147
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.