Listing Agency: KW Empower b***@kwempower.com Show Phone

Listed By: Eric Woodhead · License #RS375021 Show Phone

Source: Exprealty

Added: Aug 20 Changed: Oct 3 Last Checked: Oct 16 at 12:39PM

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Investment Insights

Based on property information with market context.

This storefront property provides approximately 1,600 square feet on the main level, arranged with an open customer-facing area, a rear office and workspace, a restroom, and central HVAC. A full unfinished basement adds substantial storage and utility capacity beneath the primary space.

The property carries CMX-2 zoning, and its layout may support retail, office, and service uses subject to applicable zoning requirements and approvals. The configuration can be adapted by an owner-user, business operator, or investor for a future commercial use.

Key Highlights

• Approximately 1, 600 square feet on the main level
• Full unfinished basement for additional storage and utility space
• Open customer area with rear office and workspace

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,084

Cap Rate

7.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$361,680 $361.7K

Cap Rate 7%

$258,343 $258.3K

Cap Rate 9%

$200,933 $200.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$28.8K $18.00/SF

− Vacancy

−$3.0K −$1.85/SF

EGI

$25.8K $16.15/SF

− OpEx

−$7.8K −$4.84/SF

NOI

$18.1K $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%

$361,680

Cap Rate 7%

$258,343

Cap Rate 9%

$200,933

Alternative Uses

Best Use

Retail

$258.3K

$226.1K – $301.4K (±1% cap)

NOI $18,084 @ 7.0% cap · market cap 7.54%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$390.1K

$341.3K – $455.1K (±1% cap)

NOI $27,304 @ 7.0% cap · market cap 11.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Dental Office Building Supply Kitchen & Bath Showroom Parking Lot & Garage Skin Care Clinic

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

912

Businesses Nearby

36k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Wawa Shops & Services

35,513 visits/mo 0.3 miles

Demographics for 19119, PA

27,265

Population

13,909

Households

2

Avg Household Size

44

Median Age

55%

College-Educated

96%

High-School Grad

3.4 sq mi

ZIP Area

8,019

Density / Sq Mi

$81,609

Median Household Income

$54,598

Median Earnings

$1,291

Median Rent

$326,600

Median Home Value

Market

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

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Frequently Asked Questions

What type of property is this?

Storefront property - CMX-2-zoned space includes an open customer area, office, workspace, restroom, and central HVAC.

Where is this storefront property located?

The property is located at B-1503 E Wadsworth Ave Philadelphia, PA.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: Approximately 1, 600 square feet on the main level; Full unfinished basement for additional storage and utility space; Open customer area with rear office and workspace