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2038 Grant Ave 1,250 SF Specialty Building Offered at $625,000 at a 4.79% Cap Rate in Philadelphia, PA 19115
INVESTMENT HIGHLIGHTS
- Low Taxes about $2,400 yr.
EXECUTIVE SUMMARY
Prime Commercial + Residential Opportunity in Bustleton Business District
Nearby Sale Comp:
2040 Grant Ave (RSA-3 zoning) Sold for $699,000 in 2025
Property Highlights:
Zoning: RSA-3 (Residential & Commercial)
Lot Size: 33 ft x 150 ft (4,138 sq ft total)
Interior Space: 1,250 sq ft + 800 sq ft finished basement = 2,050 sq ft
Additional Structure: 400 sq ft second building with electric
Parking: Private driveway fits 10+ vehicles
Expansion Potential: Large backyard suitable for additions or a pool
Recent Upgrades & Features:
New hot water heater (Dec 2022)
New HVAC gas heater system (Dec 2015)
No carpets—real wood floors and ceilings throughout
Red marble kitchen flooring, soapstone backsplash, slate countertops
One-piece bathtub surround (no caulk = no mold)
Colonial trim, 6" baseboards, crown molding, chair rail, and beaded wood paneling
Second building features 4x4 structural beams, high-gloss finishes, and outdoor storage
Neighborhood Benefits:
Located in one of Philadelphia’s safest zip codes
Top-rated schools and low property taxes
Walking distance to Roosevelt Blvd, shopping malls, and public transit
No row homes in this zip code—mostly single-family homes
Business Potential:
High visibility: ~25,000 cars/day (per DVRPC & PennDOT traffic reports)
Business Street Signage
Ideal for low-traffic professional services (law, insurance, accounting, real estate)
Residential mortgage rates apply—significantly lower than commercial lease rates
Value Proposition:
Priced $250K–$500K below comparable commercial properties on Castor & Bustleton Aves
Example financing: 3.25% rate with 10% down = ~$1,400/month
Much larger than typical retail spaces on Grant Ave
Philadelphia SIP (Storefront Improvement Program):
Eligible for Philadelphia SIP Program! This property qualifies for the City of Philadelphia’s Storefront Improvement Program, which offers matching grants to enhance exterior façades. Owners and tenants can receive up to $10,000 for single commercial properties to upgrade signage, lighting, windows, doors, and more. A fantastic opportunity to boost curb appeal and attract foot traffic with city-backed support.
Nearby Sale Comp:
2040 Grant Ave (RSA-3 zoning) Sold for $699,000 in 2025
Property Highlights:
Zoning: RSA-3 (Residential & Commercial)
Lot Size: 33 ft x 150 ft (4,138 sq ft total)
Interior Space: 1,250 sq ft + 800 sq ft finished basement = 2,050 sq ft
Additional Structure: 400 sq ft second building with electric
Parking: Private driveway fits 10+ vehicles
Expansion Potential: Large backyard suitable for additions or a pool
Recent Upgrades & Features:
New hot water heater (Dec 2022)
New HVAC gas heater system (Dec 2015)
No carpets—real wood floors and ceilings throughout
Red marble kitchen flooring, soapstone backsplash, slate countertops
One-piece bathtub surround (no caulk = no mold)
Colonial trim, 6" baseboards, crown molding, chair rail, and beaded wood paneling
Second building features 4x4 structural beams, high-gloss finishes, and outdoor storage
Neighborhood Benefits:
Located in one of Philadelphia’s safest zip codes
Top-rated schools and low property taxes
Walking distance to Roosevelt Blvd, shopping malls, and public transit
No row homes in this zip code—mostly single-family homes
Business Potential:
High visibility: ~25,000 cars/day (per DVRPC & PennDOT traffic reports)
Business Street Signage
Ideal for low-traffic professional services (law, insurance, accounting, real estate)
Residential mortgage rates apply—significantly lower than commercial lease rates
Value Proposition:
Priced $250K–$500K below comparable commercial properties on Castor & Bustleton Aves
Example financing: 3.25% rate with 10% down = ~$1,400/month
Much larger than typical retail spaces on Grant Ave
Philadelphia SIP (Storefront Improvement Program):
Eligible for Philadelphia SIP Program! This property qualifies for the City of Philadelphia’s Storefront Improvement Program, which offers matching grants to enhance exterior façades. Owners and tenants can receive up to $10,000 for single commercial properties to upgrade signage, lighting, windows, doors, and more. A fantastic opportunity to boost curb appeal and attract foot traffic with city-backed support.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$31,200
|
$24.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$31,200
|
$24.96
|
| Taxes |
$2,409
|
$1.93
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,409
|
$1.93
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $31,200 |
| Annual Per SF | $24.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $31,200 |
| Annual Per SF | $24.96 |
| Taxes | |
|---|---|
| Annual | $2,409 |
| Annual Per SF | $1.93 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,409 |
| Annual Per SF | $1.93 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- Smoke Detector
1 1
Walk Score®
Very Walkable (82)
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2038 Grant Ave
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