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Property profile & analytics
FOR LEASE
Investment properties

4040 Locust St Philadelphia, PA 19104

19,135 SF 0.43 ac lot Built 1960
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US73-2024200
Property summary
AI-generated overview

This exceptional 3,520 square foot retail space is ideally situated at 4040 Locust Street in Philadelphia, Pennsylvania, within the vibrant University City neighborhood. The property is a single-tenant building, offering a blank canvas for a wide range of retail businesses. Its prime location provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to a dense residential population and major universities. The building's single-tenant occupancy ensures ease of management and control. The address is 4040 Locust Street, Philadelphia, PA 19104, in Philadelphia County. This presents a unique opportunity for businesses seeking a prominent location in a thriving area. The property's size allows for flexible layout configurations to suit diverse retail needs. With its strategic location and substantial square footage, this retail space offers significant potential for growth and success. The property is currently vacant, providing immediate occupancy for the new tenant. This is a rare opportunity to establish a presence in a highly sought-after area of Philadelphia. The property's location within University City offers a strong demographic profile, making it an attractive location for a variety of retail concepts. Interested parties are encouraged to explore the possibilities this exceptional retail space offers.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,135 SF
Lot 0.43 ac (18,900 SF)
Zoning code CMX2
APN 88-2-0486-75
UPID US73-2024200
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
  • Keswick Cycle University City (Bike/Boat/Book/etc) Store
  • Pattaya Thai Cuisine Restaurant
  • F R Capital Holdings Holding Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.50M
Comparable Approach Comparable
$3.13M
Blend (final) Blend
$3.07M
Owner & transaction history
4040 Locust Street Partners · 21 yrs held
4040 Locust Street Partners
since 2004
1 recorded transaction
2004
Price N/A
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $4.9M +122.7%
Medical building $4.7M +114.9%
Neighborhood: shopping center $3.6M +62.4%
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