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    3981 Kensington Ave Philadelphia, PA 19124

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    For Sale
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    ±2,624 SF Freestanding Restaurant, Excellent Visibility

    Property size:
    2,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This ±2,624 square foot freestanding building, situated on a 0.58-acre lot, presents a unique opportunity for a variety of restaurant concepts. Currently vacant, the property boasts an existing drive-thru lane and ample parking with 33 surface-level spaces. Its prime location at the signalized intersection of Kensington and Hunting Park Avenues ensures excellent visibility and accessibility. The building is a single-story structure and is available for lease, ground lease, or sale. The property benefits from high traffic counts, with approximately 6,806 average daily traffic on Kensington Avenue. Its strategic location places it steps away from the Erie-Torresdale Station on the SEPTA Market-Frankford Line, serving a dense residential community. Nearby established businesses include McDonald's, AutoZone, Dunkin', Rite Aid, Save-A-Lot, Aldi, Santander, and Family Dollar, indicating a strong retail presence in the area. This property offers significant potential for a thriving restaurant operation, capitalizing on its convenient location and high visibility. The property's existing infrastructure, including the drive-thru, minimizes initial investment costs and allows for a quicker start-up. This is an exceptional opportunity to establish a successful business in a well-populated and accessible neighborhood.

    Property Features for 3981 Kensington Ave

    General Information

    Property type
    Restaurants
    Square Feet
    2,624 SF
    Lot Size
    25,265 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Excellent SEPTA Market‑Frankford Line accessibility via Erie‑Torresdale Station.
    • High traffic count of approximately 6,806 ADT on Kensington Avenue.
    • Strong residential population density.
    • Surrounded by national and regional retail anchors including McDonald's, AutoZone, Dunkin', Rite Aid, Save‑A‑Lot, Aldi, Santander, and Family Dollar.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -75.094190840299
    Latitude
    40.00680141008

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    FAQs

    What type of property is this?
    Restaurant - ±2,624 SF Freestanding Restaurant, Excellent Visibility
    Where is this restaurant located?
    The property is located at 3981 Kensington Ave Philadelphia, PA.
    What are key features of this property?
    This property features: Excellent SEPTA Market-Frankford Line accessibility via Erie-Torresdale Station.; High traffic count of approximately 6,806 ADT on Kensington Avenue.; Strong residential population density.
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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
    3981 Kensington Ave Philadelphia, PA 19124
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