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2610 E Allegheny Ave - Philadelphia Eye Associates 4,446 SF Health Care Building Offered at $1,160,000 at a 7.75% Cap Rate in Philadelphia, PA 19134
INVESTMENT HIGHLIGHTS
- Single-Tenant Double Net Lease with Philadelphia Eye Associates, who recently signed a new 5-year lease
- Prime Port Richmond Location – One of Philadelphia’s fastest-growing neighborhoods with strong demographics and ongoing development
- High-Traffic Location – 12,992 vehicles per day (VPD) on Allegheny Avenue; just 0.5 miles from I-95 (194,706 VPD) with a direct exit to Allegheny Aven
- Established Operating History – Over 40 years at this location
- Passive Investment Opportunity – Double net lease with limited landlord responsibilities
EXECUTIVE SUMMARY
MSC Retail is pleased to present an exceptional investment opportunity at 2610 E.
Allegheny Avenue, Philadelphia, PA, a single-tenant net lease property occupied by a
well-established eye care practice. The tenant operates a opthamology and optometry
business with a long-standing presence in the local market for over 40 years, providing
stability and predictable cash flow.
The property is strategically located in the Port Richmond neighborhood of
Philadelphia, a dense, highly trafficked community undergoing continued growth and
revitalization. With a strong residential base, excellent accessibility, and proximity to
major commercial corridors, Port Richmond has become one of the city’s most sought-
after submarkets for both residents and businesses.
Philadelphia Eye Associates is a long-established ophthalmology and optometry
practice serving the greater Philadelphia community. The group operates multiple
offices throughout the city, including its long-standing location at 2608–12 East
Allegheny Avenue.
Eye care practices are considered resilient investments due to the high costs and
complexities of relocating patients and operations, ensuring long-term stability for
landlords.
Allegheny Avenue, Philadelphia, PA, a single-tenant net lease property occupied by a
well-established eye care practice. The tenant operates a opthamology and optometry
business with a long-standing presence in the local market for over 40 years, providing
stability and predictable cash flow.
The property is strategically located in the Port Richmond neighborhood of
Philadelphia, a dense, highly trafficked community undergoing continued growth and
revitalization. With a strong residential base, excellent accessibility, and proximity to
major commercial corridors, Port Richmond has become one of the city’s most sought-
after submarkets for both residents and businesses.
Philadelphia Eye Associates is a long-established ophthalmology and optometry
practice serving the greater Philadelphia community. The group operates multiple
offices throughout the city, including its long-standing location at 2608–12 East
Allegheny Avenue.
Eye care practices are considered resilient investments due to the high costs and
complexities of relocating patients and operations, ensuring long-term stability for
landlords.
PROPERTY FACTS
| Price | $1,160,000 | Lot Size | 0.06 AC |
| Price Per Bed | $1,160,000 | Building Size | 4,446 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 7.75% | No. Stories | 3 |
| Property Type | Health Care | Year Built/Renovated | 1920/2015 |
| Building Class | C | ||
| Zoning | C - Commercial | ||
| Price | $1,160,000 |
| Price Per Bed | $1,160,000 |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| Property Type | Health Care |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,446 SF |
| No. Beds | 1 |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2015 |
| Zoning | C - Commercial |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (81)
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2610 E Allegheny Ave - Philadelphia Eye Associates
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