5610 Lancaster AvePhiladelphia, PA 19131

Property Details for 5610 Lancaster Ave

Year built

2004

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.81 AC

Property size (Sq ft)

67,047 SF

Zone code

CMX3

Property type

Strip malls

Property subtype

Neighborhood centers

APN

88-2-5400-00

APU

882540000

Description

Overbrook Plaza, located at 5610 Lancaster Avenue in Philadelphia, Pennsylvania (zip code 19131), offers prime retail and office space for lease. The property features multiple tenancy options with available spaces ranging from 1,500 to 16,000 square feet, suitable for various uses including retail, restaurant, and medical businesses. This high-visibility location boasts ample off-street parking and benefits from its position on heavily-traveled Lancaster Avenue, ensuring significant foot and vehicle traffic. The surrounding area is densely populated, providing a strong customer base. Accessibility is excellent, with convenient access to public transportation and Interstate 76. The property's strategic location is further enhanced by its proximity to Overbrook High School (approximately 2,000 students) and Saint Joseph's University (approximately 8,500 students), creating a large potential customer pool. This makes Overbrook Plaza an ideal location for businesses seeking high visibility and a strong local presence in a vibrant Philadelphia community. The property is classified as retail, office, and restaurant space within Philadelphia County.

• CAP approach

  CAP return

  Valuation

  6%

  $27,752,556

  6.5%

  $25,617,744

  7%

  $23,787,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,076,110

  Geo Method

  $22,076,110

• Alternative Use

  Use

  Valuation

  Residential

  $21,609,526

  Hospitality

  $19,794,208

  Educational

  $16,468,549

  Medical

  $17,034,928

  Retail

  $25,617,744

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9803

Longitude

-75.2346

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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