This exceptional 6,753-square-foot retail property, located at 2409 Cedar Street in Philadelphia, Pennsylvania, presents a compelling redevelopment opportunity. Situated on a 0.09-acre lot, this mixed-use building is zoned CMX-2 – Neighborhood Commercial Mixed Use 2 (City of Philadelphia), offering considerable flexibility for future development. Currently operating as a convenience store, the property boasts convenient access to major thoroughfares, including Interstate 95, Center City Philadelphia, Girard Avenue, and Aramingo Avenue. Its strategic location at the border of the vibrant Fishtown and Olde Richmond neighborhoods ensures high visibility and strong potential for attracting a diverse clientele. The property's substantial size and versatile zoning make it ideal for a variety of commercial uses. A leaseback option is available for qualified buyers. Estimated 2023 property taxes are $5,479. This is a rare chance to acquire a well-positioned property in a rapidly growing area of Philadelphia, offering significant upside potential for investors and developers alike. The net rentable square footage is 6,753 square feet. Serious inquiries only.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$1,601,619
Hospitality
$1,467,074
Educational
$1,220,589
Medical
$1,262,567
Retail
$1,898,694
Location Insight
City
Philadelphia
County
Philadelphia
State
Pennsylvania
Latitude
39.9783
Longitude
-75.1242
CBSA code
37980
CBSA name
PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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