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Property profile & analytics
OFF-MARKET Estimated value $10,855,000
Strip malls

180 Girard Ave Philadelphia, PA 19123-1660

84,826 SF 2.97 ac lot Built 2011
Entity Owned 9-yr Hold Free & Clear
Property ID
US73-4321855
Property summary
AI-generated overview

The Shops at Schmidt's, a vibrant two-story shopping center in Philadelphia's Northern Liberties neighborhood, presents a unique opportunity for discerning businesses. This 92,049 square foot property boasts a prime location on the 2nd Street retail corridor, benefiting from high foot traffic and strong demographics. Currently, 2,434 square feet of retail space is immediately available, with additional spaces ranging up to 4,497 square feet potentially available. The center is anchored by a high-performing ACME grocery store (Albertsons/Safeway), attracting a consistent flow of customers. Other established tenants include Petco and Royal Bank America, creating a synergistic retail environment. The property features a substantial two-story parking garage, ensuring convenient access for both customers and employees. All retail spaces benefit from both street-level and garage-level access, maximizing visibility and accessibility. Located in a thriving area with over 465,000 residents within a 3-mile radius and an average household income exceeding $84,000, the Shops at Schmidt's offers exceptional potential for growth and profitability. This is a rare opportunity to secure retail space in a highly sought-after Philadelphia location. The property is situated in Philadelphia County, Pennsylvania, at 180 W Girard Ave, zip code 19123.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2011
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 84,826 SF
Lot 2.97 ac (129,504 SF)
Zoning code CMX3
APN 88-2-9324-76
UPID US73-4321855
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
  • Tu Dinh Physician
  • Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
  • KeyMe Locksmiths Locksmith (Bike/Boat/Book/etc) Store
  • Timothy Miller Physician
  • Unleashed by Petco (Bike/Boat/Book/etc) Store Pet Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.86M
Owner & transaction history
Sup I Schmidts LLC · 9 yrs held
Sup I Schmidts LLC
since 2016
2 recorded transactions
2017
Price N/A
2016
$10.2M
Zoning & alternative use
CMX3 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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