616 6Th StPhiladelphia, PA 19147

Property Details for 616 6Th St

Year built

1905

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.02 AC

Property size (Sq ft)

2,112 SF

Zone code

CMX2

Property type

Investment properties

Property subtype

Live-work space

APN

87-1-2707-50

APU

871270750

Description

This exceptional 800-square-foot retail space is ideally situated at 616 S 6th Street in Philadelphia, Pennsylvania, zip code 19147. The property is a single-tenant space, currently vacant and ready for immediate occupancy. Its classification is Commercial Retail, falling under the CMX-2 zoning designation within Philadelphia County. The building's total square footage is 800 square feet, all of which is available for lease. This presents a unique opportunity for a business seeking a prominent location in a vibrant Philadelphia neighborhood. The property's address is easily accessible and benefits from high visibility, making it an attractive option for a wide range of retail ventures. The space is adaptable and can be customized to suit the specific needs of a prospective tenant. Interested parties are encouraged to inquire about lease terms and conditions. This is a fantastic chance to establish or expand a business in a thriving area of Philadelphia. The property's location offers excellent exposure to foot traffic and is conveniently situated near various amenities and transportation options. Detailed information regarding lease terms and conditions is available upon request. Don't miss this opportunity to secure a prime retail location in Philadelphia. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $680,378

  6.5%

  $628,041

  7%

  $583,181

• Comparable approach

  Method

  Valuation

  Relative Method

  $275,954

  Geo Method

  $275,954

• Alternative Use

  Use

  Valuation

  Residential

  $778,771

  Hospitality

  $713,350

  Educational

  $593,499

  Medical

  $613,910

  Retail

  $923,221

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9415

Longitude

-75.1526

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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