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    3142 Kensington Ave Philadelphia, PA 19134

    Sponsored
    For Sale
    $1,500,000

    Philadelphia Retail Space - $1.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional retail storefront, located at 3142-50 Kensington Avenue in Philadelphia, Pennsylvania, presents a significant investment opportunity. The property boasts approximately 7,475 square feet of space, previously utilized as a clothing store. Situated in the vibrant Philadelphia County, zip code 19134, this location offers high visibility and accessibility. The address is 3142 Kensington Avenue, Philadelphia, PA 19134, with precise coordinates at latitude 39.99597454287054 and longitude -75.11436626671116. The asking price for this property is $1,500,000. Given its size and prime location, this storefront is ideal for a variety of retail businesses seeking a prominent presence in a bustling Philadelphia neighborhood. The property's history as a clothing store suggests established infrastructure suitable for a range of retail applications. Further investigation into the property's zoning and potential for redevelopment is encouraged. This is a rare opportunity to acquire a substantial retail space in a desirable Philadelphia location. Serious inquiries are welcome. The property is classified as a storefront retail space.

    Property Features for 3142 Kensington Ave

    General Information

    Property type
    Individual retail properties

    HighLights

    • $1,500,000 asking price.
    • Retail storefront property.
    • Located at 3142‑50 Kensington Avenue, Philadelphia, PA 19134.
    • Approximately 7,475 square feet.
    • Former clothing store.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -75.114366266711
    Latitude
    39.995974542871

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    FAQs

    What type of property is this?
    Individual retail property - Philadelphia Retail Space - $1.5M
    Where is this individual retail 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: $1,500,000 asking price.; Retail storefront property.; Located at 3142-50 Kensington Avenue, Philadelphia, PA 19134.
    Request Owner's contact information
    3142 Kensington Ave Philadelphia, PA 19134
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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
    3142 Kensington Ave Philadelphia, PA 19134
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