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    238 Allegheny Ave Philadelphia, PA 19133

    Sponsored
    For Lease
    $324 /Mo

    Philadelphia Retail Opportunity: 1,000 SF Available

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Plaza Allegheny, located at 238 W Allegheny Ave, Philadelphia, PA 19133, presents a prime retail opportunity within a thriving North Philadelphia strip center. This 1,000 square foot space is part of a newly developed retail center encompassing approximately 85,000 square feet. The property boasts a strong tenant mix, including established businesses such as Save A Lot, Advance Auto Parts, Little Caesar's, Dunkin' Donuts, and a Laundry Cafe. This ensures high foot traffic and visibility for prospective tenants. The location benefits from its proximity to major roadways and is further enhanced by a proposed traffic light installation at the intersection of N. 3rd Street and Allegheny Avenue, improving accessibility. The versatile space is suitable for a wide range of businesses, including but not limited to banks, fast food restaurants, apparel stores, footwear retailers, beauty supply shops, athletic apparel stores, mattress stores, pet supply stores, medical offices, and various other retail concepts. An additional outparcel building at 3083 N. 2nd St. is also available for lease, offering further expansion possibilities within the same development. This is an exceptional opportunity to establish a presence in a dynamic and growing retail corridor. The space is immediately available.

    Property Features for 238 Allegheny Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF
    Total Rate
    324

    Unit(s) available at that property

    Space
    Unit B-2
    Size
    1,000 SF
    Rate per SF
    $324
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Philadelphia
    State
    Pennsylvania
    Longitude
    -75.1349383
    Latitude
    39.9992777

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    FAQs

    What type of property is this?
    Neighborhood center - Philadelphia Retail Opportunity: 1,000 SF Available
    Where is this neighborhood center located?
    The property is located at 238 Allegheny Ave Philadelphia, PA.
    What is the lease rate?
    The lease rate is $324 /Mo.
    Request Owner's contact information
    238 Allegheny Ave Philadelphia, PA 19133
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    Philadelphia, PA 19133
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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
    238 Allegheny Ave Philadelphia, PA 19133
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