575 Adams Ave, Philadelphia, PA 19120
- Strip malls
- 32,580 SF
- 1.79 lot acres
Current Use by Public Records
- Emancipet / Veterinary Clinic
- KenCrest / Training Center / Tutoring Service
- Phở Ha Saigon / Restaurant
- ATM / Atm
- Signature Furniture Inc / Big Box & Wholesale Store / Furniture & Home Goods
Property Details for 575 Adams Ave
- Year built
- 1950
- Lot size
- 1.79 lot acres
- Zone code
- I2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 88-2-0512-30
- APU
- 882051230
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 3, 2020 | — | 575 Adams LLC | — | Deed · related | $2.1M · Lakeland Bank |
| Aug 18, 2016 | — | 575 Adams LLC | — | Deed · related | $1.2M · Oritani Fin |
| Jun 25, 2008 | $1,900,000 | 575 Adams LLC | 575 Adams Avenue Associates | Grant Deed | $1.4M · Oritani Savings Bank |
| — | — | 575 Adams LLC | — | Deed Of Trust · related | $1.2M · Oritani Fin |
Description
This 32,000 square foot shopping center, located at 575 Adams Ave, Philadelphia, PA 19120, presents a unique investment opportunity. Built in 2012 and renovated in 2018, this Class C property sits on 1.76 acres of land at a signalized intersection of Adams and Foulkrod, offering excellent visibility and accessibility. The single-story building features 75 parking spaces and a diverse tenancy mix, including a successful restaurant, veterinary center, and a large educational facility (KenCrest Academy, 11,000 sq ft). Currently, two 5,000 square foot end-cap retail spaces are available, ideal for businesses seeking high foot traffic in a densely populated area. The property boasts a modern facade and roof, flexible floor plans, and high ceilings. Zoned commercial, this property offers a strong potential for growth within a thriving retail community. The lease rate is $18.00 per square foot per year, with flexible terms negotiable under a Triple Net (NNN) lease. This prime location, just off Roosevelt Blvd (US-1), ensures high visibility and accessibility for potential tenants. The property's strong existing tenant base and modern amenities make it an attractive investment opportunity in the Northeast Philadelphia market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1077
- Latitude
- 40.0361
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
