7601 Lindbergh BlvdPhiladelphia, PA 19153

Property Details for 7601 Lindbergh Blvd

Year built

1990

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.28 AC

Property size (Sq ft)

42,875 SF

Zone code

CA2

Property type

Retail properties

Property subtype

Strip malls

APN

88-2-1230-00

APU

882123000

Description

This exceptional retail opportunity is located within the Penrose Park Shopping Center, a thriving retail hub in Philadelphia, Pennsylvania. The property, situated at 7601 Lindbergh Blvd, zip code 19153, offers a single, vacant suite totaling 3,019 square feet within a larger 42,357 square foot building. The center boasts a strong tenant mix of national and regional retailers, anchored by a Rite Aid, ensuring consistent foot traffic and visibility. Its prime location in South & Southwest Philadelphia provides access to a densely populated area. The center enjoys excellent accessibility, with convenient access from major highways I-95 and I-76. High visibility is ensured by a large pylon sign at the intersection of Lindbergh Boulevard and Island Avenue, benefiting from an impressive 48,244 vehicles passing daily. This space presents a unique chance to establish or expand a retail business in a high-traffic, well-established shopping center within Philadelphia County. The property is classified as Retail, with a Shop subtype and multiple tenancy. This is a single suite opportunity within a larger center. This location offers significant potential for a variety of retail businesses seeking a strong presence in a busy commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $17,747,114

  6.5%

  $16,381,952

  7%

  $15,211,813

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,117,160

  Geo Method

  $14,117,160

• Alternative Use

  Use

  Valuation

  Residential

  $13,818,790

  Hospitality

  $12,657,937

  Educational

  $10,531,255

  Medical

  $10,893,441

  Retail

  $16,381,952

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.905

Longitude

-75.2392

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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