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    432 Allegheny Ave Philadelphia, PA 19133

    Sponsored
    For Sale
    $8,000,000

    Mixed-use, high-income potential

    Property size:
    88,915 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Philadelphia, PA property at 432 W Allegheny Ave offers a unique redevelopment opportunity. The 88,915 square foot mixed-use building currently houses two tenants: Acelero Learning (14,000 sq ft, $230,000/year + $2.50 PSF NNN, 7 years remaining on a 10-year lease) and Legacy Furniture (30,000 sq ft, $115,000/year gross, less than 3 years remaining on a 5-year lease). The property sits on a 72,270 square foot lot and includes 30 parking spaces. The ICMX zoning currently permits industrial and commercial uses; however, the seller will assist the buyer in obtaining necessary zoning variances for residential development, allowing for an overbuild opportunity to add residential units to the existing structure. The adjacent smaller building (currently leased to a dental clinic) could be demolished to create additional parking and access for the proposed residential development. The asking price is $8,000,000 ($89.97/sq ft, $2,666,666.67/unit). The property's location within a developing neighborhood and proximity to Plaza Allegheny shopping center adds significant value. This is a prime investment opportunity with existing income streams to offset development costs. The sale is offered as a NNN lease with multi-tenancy.

    Property Features for 432 Allegheny Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    88,915 SF

    Building Details

    Units
    3

    HighLights

    • $8,000,000 asking price for an 88,915 SF multi‑tenant retail, industrial, and mixed‑use property.
    • Located at 432 W Allegheny Ave, Philadelphia, PA 19133, on a 72,270 SF lot.
    • Features three units with two current tenants (Acelero Learning and Legacy Furniture) generating existing income.
    • NNN lease structure.
    • Offers redevelopment potential with overbuild opportunity to add residential units, subject to zoning variance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Acelero Learning (Plaza ... Head Start Center Legacy Furniture Furniture Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -75.1372687
    Latitude
    39.99961763

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    FAQs

    What type of property is this?
    Individual retail property - Mixed-use, high-income potential
    Where is this individual retail property located?
    The property is located at 432 Allegheny Ave Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: $8,000,000 asking price for an 88,915 SF multi-tenant retail, industrial, and mixed-use property.; Located at 432 W Allegheny Ave, Philadelphia, PA 19133, on a 72,270 SF lot.; Features three units with two current tenants (Acelero Learning and Legacy Furniture) generating existing income.
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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
    432 Allegheny Ave Philadelphia, PA 19133
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