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Retail Space with Avenue Frontage

940 Delaware Avenue, Philadelphia, PA 19148

For Lease
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Two newly built ground-floor suites are part of a 508-unit, five-building rental complex.

Space Size3,087 SF - 3,535 SF
Days on Market34

Property Features for 940 Delaware Avenue

General Information

Standard status Active
Size 3,087 SF - 3,535 SF
Property subtype Retail, Restaurant

Site & Location

Neighborhood Center City
Traffic Count 20,000 vehicles/day

Additional Details

Floor Ground

Spaces For Lease

at 940 Delaware Avenue Contact us

#1 Active

Size 3,535 SF
Contact us

#2 Active

Size 3,087 SF
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Listing Agency: MSC Retail
Listed By: Josh Weiss
Source: Crexi
Added: Oct 8 Changed: Nov 9 Last Checked: Nov 10 at 5:59AM

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 MSC Retail

Rey
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Investment Insights

Based on property information with market context.

Two retail or restaurant suites are available for lease on the ground floor of a newly constructed, five-building rental complex. The development contains 508 residential units.

The spaces have frontage along Delaware Avenue, where traffic is reported at 20,000 AADT.

Key Highlights

  • Two new‑construction retail or restaurant spaces available for lease
  • Ground‑floor location within a 508‑unit, five‑building rental complex
  • Delaware Avenue frontage with 20,000 AADT

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Plumbing Service Tanning Salon Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20,000 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,980
Businesses Nearby
79k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 45% Dining 38% Groceries 9% Electronics 4%
McDonald's Dining
23,463 visits/mo 0.4 miles
Lukoil Shops & Services
22,388 visits/mo 0.1 miles
Fine Wine & Good Spirits Groceries
6,966 visits/mo 0.5 miles
Dunkin' Donuts Dining
6,253 visits/mo 0.4 miles
Wells Fargo Shops & Services
5,966 visits/mo 0.4 miles

Demographics for 19148, PA

53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Philadelphia, PA

$24.15 /SF/Yr
Avg Asking Price
$2.26–$100 /SF/Yr
Price Range
7,073 SF
Avg Space Size

Average Price Trend$/SF/Yr for Retail space in Philadelphia, PA

$23.99 Jul
$25.14 Aug
$24 Sep
$24.7 Oct

Properties on Market for Retail space in Philadelphia

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Philadelphia, PA

6.7% 2019
8.2% 2020
7.8% 2021
6.6% 2022
6.2% 2023
5.5% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Two newly built ground-floor suites are part of a 508-unit, five-building rental complex.
Where is this retail space located?
The property is located at 940 Delaware Avenue Philadelphia, PA.
What are key features of this property?
This property features: Two new‑construction retail or restaurant spaces available for lease; Ground‑floor location within a 508‑unit, five‑building rental complex; Delaware Avenue frontage with 20,000 AADT
(215) 605-8355 Call to check price and availability
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