5th St & Spg Gdn Philadelphia, PA 19123
This exceptional mixed-use property, located at the vibrant intersection of North 5th Street and Spring Garden in Philadelphia, PA 19123, offers a unique investment opportunity. The 32,942 square foot strip center boasts a prime location, ideal for a variety of retail and restaurant concepts. Currently, there are two available spaces, each offering flexibility in size. Units range from a minimum of 8,000 square feet to a maximum contiguous space of 8,590 square feet, providing ample room for expansion or customization. A significant 16,590 square feet is currently vacant, presenting a substantial opportunity for a single tenant or multiple synergistic businesses. The property's strategic location within Philadelphia's bustling city center ensures high visibility and foot traffic, making it an attractive destination for both customers and employees. This is a rare chance to secure a prominent retail presence in one of Philadelphia's most dynamic neighborhoods. The property's multiple tenancy allows for diverse business models to thrive within a shared, vibrant environment. Contact us today to learn more about this exciting opportunity to establish your business in a thriving Philadelphia location.
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.