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Property profile & analytics
OFF-MARKET Estimated value $2,965,000
Banks

1148 Frankford Ave 62 Philadelphia, PA 19125-4255

52,370 SF 0.42 ac lot Built 1962
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US73-2654461
Property summary
AI-generated overview

This exceptional three-story, 10,350-square-foot building presents a unique opportunity in the vibrant Fishtown submarket of Philadelphia, Pennsylvania. Located at the highly visible corner of Frankford and Girard Avenues, this property boasts an unbeatable location for branding and maximum exposure. The building is zoned CMX 2.5 and offers flexible space ideal for a variety of uses. Two spaces are currently available, ranging from 4,200 to 6,150 square feet. The ground floor is perfect for retail, while the upper two floors are well-suited for creative office space. The building's prime location places it amongst popular establishments such as El Tlaloc, Garage Fishtown, The Galley, Joe's Steaks, Weckerly's Ice Cream, Fette Sau, Johnny Brenda's, Barcade, Terra, and Frankford Hall. The property features rooftop access from the second floor, offering additional outdoor space. This is a rare chance to secure a flagship location in one of Philadelphia's most sought-after neighborhoods. The entire 10,350 square feet is currently vacant, allowing for complete customization to suit a tenant's specific needs. This property is situated in Philadelphia County, PA, with a zip code of 19125.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 52,370 SF
Lot 0.42 ac (18,485 SF)
Zoning code CMX2.5
APN 88-2-9634-00
UPID US73-2654461
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
  • Avant Apartment Building
  • Wells Fargo Bank Bank Loan Service
  • Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.97M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.00M
Blend (final) Blend
$2.97M
Owner & transaction history
1148 Frankford Partners LLC · 4 yrs held
1148 Frankford Partners LLC
since 2022
Last sale
$2.9M
1 recorded transaction
2022
$2.9M
Zoning & alternative use
CMX2.5 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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