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    5046 5Th St Philadelphia, PA 19120

    Sponsored
    For Sale
    $250,000

    2,125 SF Retail Opportunity in Philadelphia

    Property size:
    2,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2,125 square foot retail property, located at 5046 N 5th St in Philadelphia, Pennsylvania's Olney neighborhood, is available for $250,000. The property boasts a prime location on the 5th Street business corridor, known for its diverse retail offerings and strong foot traffic. This vibrant area features local eateries and a supportive community, creating a lively atmosphere. The property benefits from easy access to major transportation routes and public transit, ensuring excellent visibility and accessibility. Previously home to a long-standing, family-owned business, this location offers a unique opportunity for a new business to establish itself within a well-known commercial space. The property is zoned for commercial use and includes 2,125 square feet of space, ideal for a variety of retail ventures. Its established presence within the Olney community provides a strong foundation for future success. The property's address is 5046 N 5th St, Philadelphia, PA 19120. This is a rare chance to acquire a well-situated retail space in a thriving Philadelphia neighborhood. The asking price is $250,000. The property is categorized as retail and land.

    Property Features for 5046 5Th St

    General Information

    Property type
    Land
    Square Feet
    2,125 SF

    HighLights

    • 2,125 SF retail property in Philadelphia's Olney neighborhood.
    • Located on the 5th Street business corridor with high foot traffic.
    • Excellent access to public transportation and major roadways.
    • Zoned for commercial use, ideal for various retail businesses.
    • Asking price: $250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    M. Schneider And Sons ... Barber Supply Store

    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
    -75.1325581
    Latitude
    40.0283886

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    FAQs

    What type of property is this?
    Land - 2,125 SF Retail Opportunity in Philadelphia
    Where is this land located?
    The property is located at 5046 5Th St Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 2,125 SF retail property in Philadelphia's Olney neighborhood.; Located on the 5th Street business corridor with high foot traffic.; Excellent access to public transportation and major roadways.
    Request Owner's contact information
    5046 5Th St Philadelphia, PA 19120
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    Philadelphia, PA 19120
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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
    5046 5Th St Philadelphia, PA 19120
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