Former Clothing Store
For Sale
Contact for pricing
3142 Kensington Ave, Philadelphia, PA 19134
7,475 SF former clothing store available for sale.
Property Size7,475 SF
Price / SF$200.67
Days on Market764
Property Features for 3142 Kensington Ave
General Information
Standard status
Active
Size
7,475 SF
Property subtype
Retail
Site & Location
Neighborhood
Kensington
Listing Agency:
JC Bar Properties
Listed By:
Melissa Lippe · License #RS227988
(215) 264-6964
Source:
Crexi
Added: Sep 20, 2024
Changed: Oct 10
Last Checked: Oct 23 at 6:26AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$84,484
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,680
$1.7M
Cap Rate 7%
$1,206,914
$1.2M
Cap Rate 9%
$938,711
$938.7K
Market Conditions
NOI Build-Up for 7,475 SF
Gross rent
$134.6K $18.00/SF
− Vacancy
−$13.9K −$1.85/SF
EGI
$120.7K $16.15/SF
− OpEx
−$36.2K −$4.84/SF
NOI
$84.5K $11.30/SF
Area
Philadelphia, PA
Vacancy
10.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,689,680
Cap Rate 7%
$1,206,914
Cap Rate 9%
$938,711
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,685
Businesses Nearby
36k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 3%
Electronics 2%
Sunoco
Shops & Services
9,282 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,537 visits/mo
0.3 miles
Wells Fargo
Shops & Services
5,981 visits/mo
0.1 miles
Dollar Tree
Shops & Services
5,786 visits/mo
0.4 miles
Bank of America
Shops & Services
3,144 visits/mo
0.1 miles
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Philadelphia, PA
Similar Off Market Nearby
- ida josephine floral design — 2817 Helen St, Philadelphia, PA 19134, United States
- A London Wreath Co — 2014 E Orleans St, Philadelphia, PA 19134
- La Floreria Ochun — 3503 B St Suite 3A, Philadelphia, PA 19134
Frequently Asked Questions
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.
