45 Cheltenham Ave Philadelphia, PA 19012
The Melrose Shopping Center offers exceptional retail leasing opportunities in a vibrant commercial location. This property boasts a total of 2,600 square feet of retail space, currently entirely vacant and available for lease. The space is divisible, with a minimum leasable area of 1,100 square feet and a maximum contiguous space of 1,500 square feet. This flexibility allows for a variety of tenant configurations, making it ideal for both established businesses seeking expansion and new ventures looking for a strong foothold in the market. The property's design is well-suited for a range of retail uses, offering ample space for display, customer interaction, and back-of-house operations. The entire 2,600 square feet can be leased as a single unit, or divided to accommodate multiple tenants. This presents a unique opportunity for businesses seeking a collaborative environment or those requiring different sized spaces. The property's location within the Melrose Shopping Center provides excellent visibility and accessibility, ensuring high foot traffic and potential for strong sales. Interested parties are encouraged to inquire for further details and leasing terms. This is a rare opportunity to secure prime retail space in a thriving commercial area. Don't miss out on this chance to establish or expand your business in a high-traffic 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.