551 Cambria StPhiladelphia, PA 19134

Property Details for 551 Cambria St

Year built

1935

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

3,400 SF

Zone code

CMX2.5

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-6003-05

APU

871600305

Description

This exceptional three-story commercial building, located at 551 E Cambria St in Philadelphia, PA 19134, presents a unique investment opportunity. Boasting 3,400 square feet of usable space and an impressive 18-foot frontage on a high-traffic corner in the heart of Kensington, this property is ideally suited for a diverse range of businesses. Previously operated as a bar and convenience store, the spacious layout offers significant flexibility. The CMX-2.5 zoning allows for a wide variety of uses, including residential, group living, institutional, office, retail, animal services, restaurants, personal services, and art studios. The ground floor must maintain commercial use, making it perfect for a business with high visibility needs. This prime location in a rapidly developing neighborhood offers exceptional potential for growth and return on investment. The building's three floors provide ample space for expansion or diverse operations. This is a rare chance to acquire a versatile property in a thriving area of Philadelphia. The property's corner location ensures maximum exposure and accessibility for customers. Don't miss this opportunity to establish your business in one of Philadelphia's most dynamic neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $645,770

  6.5%

  $596,096

  7%

  $553,518

• Comparable approach

  Method

  Valuation

  Relative Method

  $444,244

  Geo Method

  $444,244

• Alternative Use

  Use

  Valuation

  Residential

  $739,159

  Hospitality

  $677,066

  Educational

  $563,311

  Medical

  $582,684

  Retail

  $876,261

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9929

Longitude

-75.1204

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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