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1627-1629 Meadow Street 1627-1629 Meadow St 20,000 SF Retail Building Philadelphia, PA 19124 $4,300,000 ($215/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- High Traffic Area
- Close to Public Transportation
EXECUTIVE SUMMARY
Single tenant commercial property. Fully leased by Brightside Academy, 20,000 s/f, leased through December 31, 2026.
Brick and masonry exterior. Fully sprinklered.
Not in FEMA-designated flood hazard area. Margaret Street is along the rear of the property. AKA 1627-29 Meadow Street.
Brick and masonry exterior. Fully sprinklered.
Not in FEMA-designated flood hazard area. Margaret Street is along the rear of the property. AKA 1627-29 Meadow Street.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$260,000
|
$13.00
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $260,000 |
| Annual Per SF | $13.00 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
20,000 SF
Building Class
C
Year Built
1974
Price
$4,300,000
Price Per SF
$215
Cap Rate
6%
NOI
$258,000
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.98
Lot Size
0.47 AC
Opportunity Zone
Yes
Zoning
G-2,R-9
Frontage
63’ on MEADOW ST
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Brightside Academy
- -
- 20,000 SF
- -
- Dec 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Brightside Academy | - | 20,000 SF | - | Dec 2026 |
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 882896200 | Improvements Assessment | $1,281,920 (2026) |
| Land Assessment | $320,480 (2026) | Total Assessment | $1,602,400 (2026) |
PROPERTY TAXES
Parcel Number
882896200
Land Assessment
$320,480 (2026)
Improvements Assessment
$1,281,920 (2026)
Total Assessment
$1,602,400 (2026)
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