4234-42 Macalester St Philadelphia, PA 19124
This 6,400-square-foot, single-story Class B flex space presents a unique investment opportunity in Philadelphia's desirable Northeast submarket. Built in 1965, the property sits on an 11,287-square-foot lot and is zoned I2, allowing for diverse commercial uses. The building boasts a 12-foot ceiling height and includes one loading dock. Currently configured as an event space, the property is equipped with fixtures, furniture, and equipment available for purchase, making it move-in ready. Its convenient location offers excellent accessibility and high visibility, situated within a thriving commercial corridor and close to major thoroughfares. Ample on-site parking is complemented by additional off-street parking options. Recently passing all fire certifications, this property ensures compliance and peace of mind for the new owner. This versatile space offers significant potential for a variety of businesses seeking a well-located, functional property in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.