2409 Cedar St, Unit 17 Philadelphia, PA 19125-3002
- Flex space
- 6,753 SF
- 0.09 lot acres
Current Use by Public Records
- Atlas Bronze Corporation / Foundry
Property Details for 2409 Cedar St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.09 lot acres
- Property size
- 6,753 SF
- Zone code
- CMX2
- Property type
- Flex space
- APN
- 88-4-3464-30
- APU
- 884346430
Description
This exceptional 6,753-square-foot retail property, located at 2409 Cedar Street in Philadelphia, Pennsylvania, presents a compelling redevelopment opportunity. Situated on a 0.09-acre lot, this mixed-use building is zoned CMX-2 – Neighborhood Commercial Mixed Use 2 (City of Philadelphia), offering considerable flexibility for future development. Currently operating as a convenience store, the property boasts convenient access to major thoroughfares, including Interstate 95, Center City Philadelphia, Girard Avenue, and Aramingo Avenue. Its strategic location at the border of the vibrant Fishtown and Olde Richmond neighborhoods ensures high visibility and strong potential for attracting a diverse clientele. The property's substantial size and versatile zoning make it ideal for a variety of commercial uses. A leaseback option is available for qualified buyers. Estimated 2023 property taxes are $5,479. This is a rare chance to acquire a well-positioned property in a rapidly growing area of Philadelphia, offering significant upside potential for investors and developers alike. The net rentable square footage is 6,753 square feet. Serious inquiries only.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $205,000
- 6.5%
- $205,000
- 7%
- $200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $215,000
- Retail
- $200,000
- Mixed-Use
- $205,000
- Hospitality
- $225,000
- Educational
- $205,000
- Residential Income
- $200,000
- Energy
- $245,000
- Income-Based Land
- $210,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1242
- Latitude
- 39.9783
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
