Former Clothing Store
3142 Kensington Ave Philadelphia, PA 19134
For Sale
Contact for pricing
7,475 SF former clothing store available for sale.
Property Size7,475 SF
Price / SF$200.67
Days on Market672
Property Features for 3142 Kensington Ave
General Information
- Standard status
- Active
- Size
- 7,475 SF
- Property subtype
- Retail
Listing Agency:
JC Bar Properties
(610) 234-6491
Listed By:
Melissa Lippe · License #RS227988
Source:
Crexi
Added: Sep 20, 2024
Changed: Jul 6
Last Checked: Jul 23 at 12:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JC Bar Properties
Investment Insights
Based on property information with market context.
A 7,475 square foot former clothing store is available. The property is located at 3142 Kensington Ave, Philadelphia, PA 19134.
Key Highlights
- Large ±7,475 sq ft space suitable for various retail or commercial uses.
- Former clothing store, potentially offering existing infrastructure relevant to retail operations.
- Property is available, indicating immediate occupancy potential.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.6k | $18.00 |
| − Vacancy | −$13.9k | −$1.85 |
| EGI | $120.7k | $16.15 |
| − OpEx | −$36.2k | −$4.84 |
| NOI | $84.5k | $11.30 |
7,475 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,484 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.82M
$1.59M – $2.13M
NOI $127,560 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- La Floreria Ochun — 3503 B St Suite 3A, Philadelphia, PA 19134
- ida josephine floral design — 2817 Helen St, Philadelphia, PA 19134, United States
- A London Wreath Co — 2014 E Orleans St, Philadelphia, PA 19134
FAQs
What type of property is this?
Storefront property - 7,475 SF former clothing store available for sale.
Where is this storefront property located?
The property is located at 3142 Kensington Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Large ±7,475 sq ft space suitable for various retail or commercial uses.; Former clothing store, potentially offering existing infrastructure relevant to retail operations.; Property is available, indicating immediate occupancy potential.
