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Property profile & analytics
FOR SALE
Banks

701 E Passyunk Ave Philadelphia, PA 19147

5,042 SF 0.07 ac lot Built 1900
Entity Owned 21-yr Hold Free & Clear
Property ID
US73-0742502
Property summary
AI-generated overview

This exceptional retail property, located at 701 E Passyunk Ave in Philadelphia, Pennsylvania's desirable Queen Village neighborhood, presents a unique investment opportunity. The building, constructed in 1900, boasts a total of approximately 11,946 square feet of space, encompassing a main floor and mezzanine totaling approximately 5,042 square feet, plus a full basement. Currently vacant, this property offers immense potential for a variety of uses, thanks to its CMX2 zoning. The asking price is $1,760,000, translating to $349.07 per square foot. Its high-profile location and substantial square footage make it an ideal space for a wide range of businesses. The property's history includes use as a bank and a restaurant, showcasing its adaptability and suitability for diverse commercial ventures. The property's zip code is 19147, and its coordinates are 39.9407060963151 latitude and -75.150924630633 longitude. This is a rare chance to acquire a significant commercial space in a thriving Philadelphia neighborhood. Serious inquiries are encouraged.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,042 SF
Lot 0.07 ac (3,145 SF)
Zoning code CMX2
APN 88-2-7545-00
UPID US73-0742502
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
  • PNC Bank Atm Bank
  • PNC Bank ATM Atm
  • PNC ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Pnc Bank NA · 21 yrs held
Pnc Bank NA
since 2005
1 recorded transaction
2005
$975,000
Zoning & alternative use
CMX2 · Philadelphia, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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