3451 Aramingo AvePhiladelphia, PA 19134

Property Details for 3451 Aramingo Ave

Year built

1950

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.42 AC

Property size (Sq ft)

29,060 SF

Zone code

ICMX

Property type

Retail space

APN

88-2-0910-00

APU

882091000

Description

This exceptional retail opportunity is located at 3451 Aramingo Avenue in Philadelphia, Pennsylvania, 19134. The property is a multi-tenant shopping center offering a total of 10,975 square feet, with a significant 10,792 square feet currently available for lease. The property is classified as both retail and restaurant space, making it suitable for a wide variety of businesses. Its prime location in Philadelphia offers excellent visibility and accessibility for customers. The building's size and layout provide ample space for a large-scale retail operation or multiple smaller businesses. The substantial vacant space presents a unique chance for a business to establish a strong presence in a bustling Philadelphia neighborhood. This is an ideal investment for entrepreneurs seeking a high-traffic location with significant square footage to develop their business. The property's address is easily accessible and well-suited for both foot and vehicular traffic. The available space is ready for immediate occupancy, providing a quick start for any new venture. This is a rare opportunity to secure a substantial retail space in a desirable Philadelphia location. The property's classification as a shopping center suggests a potential for synergy with existing businesses in the area. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $8,113,574

  6.5%

  $7,489,454

  7%

  $6,954,492

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,568,389

  Geo Method

  $9,568,389

• Alternative Use

  Use

  Valuation

  Residential

  $6,317,634

  Hospitality

  $5,786,919

  Educational

  $4,814,648

  Medical

  $4,980,232

  Retail

  $7,489,454

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9915

Longitude

-75.0997

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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