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    Former Clothing Store Available Title is generated by Realmo AI

    3142 Kensington Ave, Philadelphia, PA 19134

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    7,475 SF former clothing store available for sale.

    Type:Retail
    Property size:
    7,475 SF
    Price / SF:
    $200/SF
    Added:
    Sep 20, 2024
    Days on Market:
    625
    Last Refresh:
    May 12 at 10:59 pm

    Property Features for 3142 Kensington Ave

    General Information

    Standard status
    Active
    Size
    7,475 SF
    Property subtype
    Retail

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    Listing Contact
    Melissa Lippe
    Melissa Lippe

    Listing agent Melissa Lippe License #RS227988

    Listing office JC Bar Properties

    Listing date Sep 20, 2024

    Source Crexi

    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

    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.
    • Adaptable space for different business models.
    • Sizeable space for storage.
    • Location suitable for retail.

    Overview

    A 7,475 square foot former clothing store is available. The property is located at 3142 Kensington Ave, Philadelphia, PA 19134.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $127,560 @ 7.0% cap · market cap 8.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1144996
    Latitude
    39.9961974

    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.
    (610) 234-6491 Call to check price and availability
    More about this property
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