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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2298 Ritner St Philadelphia, PA 19145

20,318 SF
Property ID
Property summary
AI-generated overview

This exceptional Philadelphia retail property, located at 2298 W Ritner St, offers 20,318 total square feet in a single-story building situated on a 1-acre lot in Philadelphia County, Pennsylvania. Currently, a portion of the space is occupied by a Pep Boys tire and auto repair operation under a long-term ground lease. However, a significant portion of the building, totaling 12,078 square feet, is currently vacant and available for lease. The vacant space presents a unique opportunity for a variety of uses. Previous uses included parts sales, and the landlord is open to a range of tenants, including medical facilities (such as dialysis or plasma centers), daycare centers (for children or pets), discount retailers, furniture stores, tool and hardware stores, and automotive-related businesses that do not directly compete with the existing Pep Boys tire and repair services (examples include collision centers, auto glass repair, or specialized auto parts retailers). The available space is divisible, with sizes ranging from approximately 3,200 to 11,500 square feet. Negotiable cash allowances may be available for suitable tenants, contingent upon a rent structure that ensures a fair return on investment for building improvements. The property's prime location in Philadelphia, PA (zip code 19145), offers excellent visibility and accessibility. This is an ideal opportunity for a business seeking a prominent location with substantial space in a thriving urban market.

Property profile
Verified
Property type Retail properties & Spaces
Total area 20,318 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
  • Zipcar Car Rental Facility
  • Auto Plus Auto Parts Auto Parts Store
  • Pep Boys (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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