180 Girard AvePhiladelphia, PA 19123

Property Details for 180 Girard Ave

Year built

2011

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.97 AC

Property size (Sq ft)

84,826 SF

Zone code

CMX3

Property type

Retail properties

Property subtype

Strip malls

APN

88-2-9324-76

APU

882932476

Description

The Shops at Schmidt's, a vibrant two-story shopping center in Philadelphia's Northern Liberties neighborhood, presents a unique opportunity for discerning businesses. This 92,049 square foot property boasts a prime location on the 2nd Street retail corridor, benefiting from high foot traffic and strong demographics. Currently, 2,434 square feet of retail space is immediately available, with additional spaces ranging up to 4,497 square feet potentially available. The center is anchored by a high-performing ACME grocery store (Albertsons/Safeway), attracting a consistent flow of customers. Other established tenants include Petco and Royal Bank America, creating a synergistic retail environment. The property features a substantial two-story parking garage, ensuring convenient access for both customers and employees. All retail spaces benefit from both street-level and garage-level access, maximizing visibility and accessibility. Located in a thriving area with over 465,000 residents within a 3-mile radius and an average household income exceeding $84,000, the Shops at Schmidt's offers exceptional potential for growth and profitability. This is a rare opportunity to secure retail space in a highly sought-after Philadelphia location. The property is situated in Philadelphia County, Pennsylvania, at 180 W Girard Ave, zip code 19123.

• CAP approach

  CAP return

  Valuation

  6%

  $23,683,484

  6.5%

  $21,861,678

  7%

  $20,300,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,930,080

  Geo Method

  $27,930,080

• Alternative Use

  Use

  Valuation

  Residential

  $18,441,144

  Hospitality

  $16,891,988

  Educational

  $14,053,936

  Medical

  $14,537,273

  Retail

  $21,861,678

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9687

Longitude

-75.1391

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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