2013 Sansom St Philadelphia, PA 19103-4416
- Retail space
- 4,017 SF
- 0.04 lot acres
Jun 30, 2020
Current Use by Public Records
- A~List Skin & Lash Lounge / Beauty Salon
- Towers & Miller Architects / Architect
- Beauty-Ish By Nurse Tee / Medical Spa
- A-list Nail Studio / Nail Salon
- Philadelphia Organic Exterminators / Pest Control Service
Property Details for 2013 Sansom St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.04 lot acres
- Property size
- 4,017 SF
- Zone code
- CMX4
- Property type
- Retail space
- Property subtype
- Storefront properties
- APN
- 88-2-4176-00
- APU
- 882417600
Description
This exceptional 1,500+/- square foot retail space is ideally situated in the heart of Rittenhouse Square, boasting a coveted street-to-street location on Sansom Street with 17 feet of frontage. The property offers convenient rear loading access via Ionic Street, providing efficient operations. Its CMX-4 zoning allows for a variety of uses, making it suitable for light retail, food service and hospitality businesses, fitness studios, yoga studios, hair salons, or day spas. The high foot traffic location is surrounded by numerous restaurants and entertainment venues, ensuring significant visibility and customer flow. Its central Sansom Street location places it within easy reach of the substantial foot traffic generated by nearby office buildings, residential areas, and other retail establishments in Center City Philadelphia. This prime location is poised to capitalize on the ongoing expansion and growth of Center City, benefiting from the vibrant atmosphere and established restaurant scene. Furthermore, the property enjoys excellent public transportation access, with proximity to SEPTA bus stops and 30th Street Station, ensuring convenient commutes for both employees and customers. This presents a unique opportunity to establish a thriving business in one of Philadelphia's most desirable and dynamic neighborhoods.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,020,000
- ML approach
- $1,060,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $755,000
- 6.5%
- $700,000
- 7%
- $650,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $690,000 Current use
- COMMERCIAL (GENERAL)
- $1,405,000 Change: +104% Conversion: Easy
- OFFICE BUILDING
- $1,340,000 Change: +95% Conversion: Easy
- MEDICAL BUILDING
- $985,000 Change: +43% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $745,000 Change: +8% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $635,000 Change: -8% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1741
- Latitude
- 39.9516
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
