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6600 Limekiln Pike 3,550 SF 33% Leased Retail Building Philadelphia, PA 19138 $610,000 ($171.83/SF)
Investment Highlights
- ?INCOME-PRODUCING ASSET - Long-term leased tenant @ Brothers Meat Market & Deli providing stable income through 2040.
- ?STRONG LOCATION - Located on Limekiln Pike near a local high school with consistent daytime traffic and visibility.
- Two vacant units can be leased at market rates of approximately $1,850/month each or occupied by an owner-user.
- Contiguous large unit or 2 separated units with separate entrances and utilities already in place.
Executive Summary
Great Investment opportunity for either and owner occupied business or hands off investor. This Corner property with 4 way traffic has both high vehicle and foot traffic with a nearby high school and numerous residential housing. The grocery store has a long term lease in place for stable income for the foreseeable future. The remaining 2 units can be kept as a single unit or easily converted back to 2 units as utilities and separate entrances are already in place. Potential to occupy 1 or both of the vacant units. The previous uses for the vacant units were a daycare and a church pulling in $3,600 monthly income. Sidewalk recently replaced as well as other improvements.
Total proforma rental income $6,200 with a cap rate of 10.11%
Total proforma rental income $6,200 with a cap rate of 10.11%
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$74,400
|
$20.96
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$74,400
|
$20.96
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,660
|
$2.72
|
| Net Operating Income |
$64,740
|
$18.24
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $74,400 |
| Annual Per SF | $20.96 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $74,400 |
| Annual Per SF | $20.96 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,660 |
| Annual Per SF | $2.72 |
| Net Operating Income | |
|---|---|
| Annual | $64,740 |
| Annual Per SF | $18.24 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,550 SF
Building Class
C
Year Built
1970
Price
$610,000
Price Per SF
$171.83
Percent Leased
33%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.91
Lot Size
0.09 AC
Zoning
RSA5
Frontage
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 8 Brothers Meat Market & Deli
- -
- -
- -
- Aug 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 8 Brothers Meat Market & Deli | - | - | - | Aug 2040 |
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 882018010 | Improvements Assessment | $237,200 (2027) |
| Land Assessment | $59,200 (2027) | Total Assessment | $296,400 (2027) |
Property Taxes
Parcel Number
882018010
Land Assessment
$59,200 (2027)
Improvements Assessment
$237,200 (2027)
Total Assessment
$296,400 (2027)
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6600 Limekiln Pike