1214 15Th StPhiladelphia, PA 19146

Property Details for 1214 15Th St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

2,296 SF

Zone code

CMX1

Property type

Investment properties

Property subtype

Live-work space

APN

87-1-5506-40

APU

871550640

Description

This exceptional 2,296 square foot retail space, located at 1214 S 15th St in Philadelphia, PA 19146, presents a fantastic opportunity for a single-tenant business. Built in 2024, this property boasts a modern design and sits on a 0.03-acre lot. The building features one story and is zoned CMX-1, offering flexibility for a variety of retail uses. The interior comprises an open floor plan, ideal for showcasing merchandise or creating a welcoming atmosphere. A large storefront window ensures excellent street visibility and allows ample natural light to flood the space. One bathroom is conveniently located within the premises. The asking rent is $1,750 per month, plus utilities. This property is situated in the vibrant South Philadelphia neighborhood, providing easy access to a diverse customer base and excellent transportation links. The property's modern construction and prime location make it an ideal investment for any discerning business owner seeking a thriving retail environment. Don't miss this chance to secure a highly visible and functional retail space in a rapidly developing area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $638,010

  6.5%

  $588,932

  7%

  $546,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $299,995

  Geo Method

  $299,995

• Alternative Use

  Use

  Valuation

  Residential

  $730,276

  Hospitality

  $668,929

  Educational

  $556,541

  Medical

  $575,681

  Retail

  $865,730

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9355

Longitude

-75.1692

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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