127 15Th StPhiladelphia, PA 19102
- Mixed-use properties
- 5,430 SF
Property Details for 127 15Th St
- Year built
- 1920
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 5,430 SF
- Zone code
- CMX5
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 87-1-4032-60
- APU
- 871403260
Description
This 1,400 square foot retail space, located at 127 N 15th St in Philadelphia, PA 19102, is ideally situated in the Middle City East submarket. A former restaurant, the property boasts a fully equipped kitchen, ready for immediate occupancy. The space is part of a larger 5,648 square foot building constructed in 1900 and zoned CMX-5. Benefiting from a prominent corner location, the property offers 48 feet of frontage on N 15th Street and 42 feet on Cherry Street, ensuring high visibility and accessibility for both pedestrians and vehicles. The high-traffic location is complemented by the presence of established businesses such as Trader Joe's, 7-Eleven, and the Pennsylvania Academy of the Fine Arts (PAFA) nearby. The property's excellent visibility and pedestrian traffic make it an attractive opportunity for a variety of retail uses. Outdoor seating is a possibility, further enhancing the space's appeal. Lease terms are negotiable. The building does not have elevators.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,749,268
- 6.5%
- $1,614,709
- 7%
- $1,499,372
-
Comparable approach
- Method
- Valuation
- Relative Method
- $709,484
- Geo Method
- $709,484
-
Alternative Use
- Use
- Valuation
- Residential
- $2,002,239
- Hospitality
- $1,834,040
- Educational
- $1,525,900
- Medical
- $1,578,378
- Retail
- $2,373,622
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 39.9554
- Longitude
- -75.1645
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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