501 Girard AvePhiladelphia, PA 19125

Property Details for 501 Girard Ave

Year built

2018

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

69,521 SF

Zone code

CMX2

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

88-1-4427-63

APU

881442763

Description

This exceptional Class A retail property, located at 501 E Girard Ave in Philadelphia's vibrant Fishtown neighborhood, offers a rare opportunity for multiple tenants or a single large occupant. Built in 2019, this four-story building boasts a total of 12,600 square feet of ground floor retail space, currently entirely vacant and ready for immediate occupancy. The minimum divisible space is 2,379 square feet, allowing for flexibility in tenant needs, while the maximum contiguous space available is the entire 12,600 square feet. The building features four individual suites, providing options for various business types. Situated on a substantial 26,271 square foot lot, the property offers ample visibility and accessibility. Conveniently located near the intersection of E Girard Avenue and E Palmer Street, this location benefits from high foot traffic and excellent exposure. The property includes four parking spaces, a valuable asset in a densely populated urban area. This is an ideal location for restaurants and retail businesses seeking a prominent presence in one of Philadelphia's most sought-after neighborhoods. The property's modern design and prime location make it an exceptional investment opportunity. Contact us today to learn more about leasing this exceptional space.

• CAP approach

  CAP return

  Valuation

  6%

  $20,851,696

  6.5%

  $19,247,718

  7%

  $17,872,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,079,601

  Geo Method

  $14,079,601

• Alternative Use

  Use

  Valuation

  Residential

  $19,247,718

  Hospitality

  $17,630,806

  Educational

  $14,668,624

  Medical

  $15,173,101

  Retail

  $22,817,860

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9713

Longitude

-75.1281

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

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