210 12Th StPhiladelphia, PA 19107

Property Details for 210 12Th St

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Zone code

CMX5

Property type

Bars

Property subtype

Pubs

APN

88-1-0002-18

APU

881000218

Description

This exceptional retail opportunity is located within a vibrant mixed-use development in the heart of Midtown, boasting 376 residential units. The property at 210 South 12th Street offers a total of 16,785 square feet of retail space currently available for lease, divided into three suites. Flexible space options are available, with a minimum divisible space of 1,480 square feet and a maximum contiguous space of 13,321 square feet. This presents a unique chance for businesses seeking a prominent location with high foot traffic. The ground floor is ideal for smaller retail shops, while the larger second-floor space is perfectly suited for a variety of uses, including fitness centers or food and beverage establishments. The property's strategic location offers unparalleled access to the nearby Jefferson Specialty Care Pavilion development, ensuring a constant flow of potential customers. This is a rare opportunity to establish a business in a thriving, densely populated area with significant residential support. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. Contact us today to learn more about this exciting leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $8,686,014

  6.5%

  $8,017,859

  7%

  $7,445,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,039,346

  Geo Method

  $6,039,346

• Alternative Use

  Use

  Valuation

  Residential

  $6,763,364

  Hospitality

  $6,195,205

  Educational

  $5,154,338

  Medical

  $5,331,604

  Retail

  $8,017,859

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9484

Longitude

-75.1611

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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