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1825 S 19TH St 2,600 SF 100% Leased Retail Building Philadelphia, PA 19145 $499,999 ($192.31/SF) 10.56% Cap Rate
Investment Highlights
- Corner lot location in the heart of Philadelphia.
- High traffic location in a residential area.
- Retail space is delivered with kitchen equipment
Executive Summary
Corner zoned c2 3 story with grocery on first fl and 2 two bedrooms apartments on 2 and 3 rd fl. first floor : grocery store business has been there over 20 years, 1 st floor just resigned 5 years lease utill Jan 31 2029 with 5 % increase, $1800 month(2/1/2024-1/31/2025) ,triple net lease.1 st floor use garage as storage and basement. 2nd and 3rd floor just total renovated with new central air/heating systems,new kitchen and laundry ,for rent $1300/month each.Each floor: kitchen with new frige and stove,laundry ;1 big bedroom with closet on the front,another bedrooms in the middle.all rooms have windows.new flooring and fresh paint. 2nd floor: there is roof top over the garage. 2nd fl: lease till 5/31/2025 $1300 3rd fl: vacant great investment .total rent $4400/month.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,600 SF
Building Class
C
Year Built
1920
Price
$499,999
Price Per SF
$192.31
Cap Rate
10.56%
NOI
$52,800
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.98
Lot Size
0.02 AC
Zoning
C2 - Neighborhood Commercial Mixed-Use district is primarily intended to accommodate active commercial and mixed-use development, including neighborhood-se
Parking
1 Spaces (0.38 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,000 SF
- Retail
- -
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 1,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 871574020 | Improvements Assessment | $194,160 |
| Land Assessment | $48,540 | Total Assessment | $242,700 |
Property Taxes
Parcel Number
871574020
Land Assessment
$48,540
Improvements Assessment
$194,160
Total Assessment
$242,700
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1825 S 19TH St