2459 Kensington AvePhiladelphia, PA 19125

Property Details for 2459 Kensington Ave

Year built

2017

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

9,261 SF

Zone code

CMX3

Property type

Retail space

APN

88-2-0480-01

APU

882048001

Description

This exceptional 9,107 square foot retail space, located at 2459 Kensington Avenue in Philadelphia County, presents a unique investment opportunity. The property, situated on a 0.44-acre lot, boasts a prominent location at a signaled intersection of E Cumberland Street and Kensington Avenue, ensuring high visibility and accessibility for potential businesses. The building underwent a complete renovation in 2020, presenting a modern and well-maintained structure ready for immediate occupancy. The single-tenant space offers ample parking with 10 spaces available on-site. The CMX2 zoning allows for a variety of commercial uses, making it suitable for a wide range of businesses. Its strategic location places it within easy reach of numerous local shops, parks, and restaurants, providing a vibrant and convenient environment for both employees and customers. The previous tenant was a Family Dollar, demonstrating the suitability of the space for retail operations. This property is an ideal choice for businesses seeking a high-traffic location with significant visibility and ample parking in a thriving Philadelphia neighborhood. The entire 9,107 square feet is currently vacant and available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,585,678

  6.5%

  $2,386,780

  7%

  $2,216,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,049,306

  Geo Method

  $3,049,306

• Alternative Use

  Use

  Valuation

  Residential

  $2,013,338

  Hospitality

  $1,844,207

  Educational

  $1,534,359

  Medical

  $1,587,128

  Retail

  $2,386,780

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9872

Longitude

-75.1297

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].