8914 Frankford AvePhiladelphia, PA 19136

Property Details for 8914 Frankford Ave

Year built

1953

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.06 AC

Property size (Sq ft)

73,356 SF

Zone code

CA2

Property type

Retail properties

Property subtype

Strip malls

APN

88-2-0997-00

APU

882099700

Description

Shelly Plaza Shopping Center, located at 8914 Frankford Ave, Philadelphia, PA 19136, presents a compelling retail investment opportunity. This Class A shopping center, built in 2001 and renovated in 2017, boasts 69,510 square feet across four single-story buildings. The property features 368 parking spaces and is situated in the Northeast Philadelphia submarket, specifically the I-95 Corridor, ensuring high visibility and accessibility. Currently, there are 2,727 square feet of vacant space available, divisible into units as small as 1,108 square feet, with a maximum contiguous space of 1,619 square feet. The center comprises nine total suites and is zoned CA-2. Strong anchor tenants, including PJP Marketplace, Popeyes, and AT&T, draw significant foot traffic, creating a vibrant and successful retail environment. The property's prime location along Frankford Avenue, with easy access to I-95, provides excellent exposure to a large customer base within the surrounding residential and commercial areas. This presents a unique chance to capitalize on the established success of this well-maintained shopping center in a high-traffic location. The property offers a blend of established tenants and available space, making it an ideal investment for both expansion and new business ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $19,875,508

  6.5%

  $18,346,622

  7%

  $17,036,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,153,432

  Geo Method

  $24,153,432

• Alternative Use

  Use

  Valuation

  Residential

  $15,476,062

  Hospitality

  $14,175,990

  Educational

  $11,794,257

  Medical

  $12,199,880

  Retail

  $18,346,622

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

40.052

Longitude

-75.01

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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