575 Adams AvePhiladelphia, PA 19120

Property Details for 575 Adams Ave

Year built

1950

Lot size

1.79 AC

Property size (Sq ft)

32,580 SF

Zone code

I2

Property type

Retail properties

Property subtype

Strip malls

APN

88-2-0512-30

APU

882051230

Description

This 32,000 square foot shopping center, located at 575 Adams Ave, Philadelphia, PA 19120, presents a unique investment opportunity. Built in 2012 and renovated in 2018, this Class C property sits on 1.76 acres of land at a signalized intersection of Adams and Foulkrod, offering excellent visibility and accessibility. The single-story building features 75 parking spaces and a diverse tenancy mix, including a successful restaurant, veterinary center, and a large educational facility (KenCrest Academy, 11,000 sq ft). Currently, two 5,000 square foot end-cap retail spaces are available, ideal for businesses seeking high foot traffic in a densely populated area. The property boasts a modern facade and roof, flexible floor plans, and high ceilings. Zoned commercial, this property offers a strong potential for growth within a thriving retail community. The lease rate is $18.00 per square foot per year, with flexible terms negotiable under a Triple Net (NNN) lease. This prime location, just off Roosevelt Blvd (US-1), ensures high visibility and accessibility for potential tenants. The property's strong existing tenant base and modern amenities make it an attractive investment opportunity in the Northeast Philadelphia market.

• CAP approach

  CAP return

  Valuation

  6%

  $9,814,173

  6.5%

  $9,059,236

  7%

  $8,412,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,727,395

  Geo Method

  $10,727,395

• Alternative Use

  Use

  Valuation

  Residential

  $7,641,805

  Hospitality

  $6,999,852

  Educational

  $5,823,795

  Medical

  $6,024,084

  Retail

  $9,059,236

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.0361

Longitude

-75.1077

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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