4040 Locust StPhiladelphia, PA 19104

Property Details for 4040 Locust St

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.43 AC

Property size (Sq ft)

19,135 SF

Zone code

CMX2

Property type

Investment properties

Property subtype

Live-work space

APN

88-2-0486-75

APU

882048675

Description

This exceptional 3,520 square foot retail space is ideally situated at 4040 Locust Street in Philadelphia, Pennsylvania, within the vibrant University City neighborhood. The property is a single-tenant building, offering a blank canvas for a wide range of retail businesses. Its prime location provides excellent visibility and accessibility, benefiting from high foot traffic and proximity to a dense residential population and major universities. The building's single-tenant occupancy ensures ease of management and control. The address is 4040 Locust Street, Philadelphia, PA 19104, in Philadelphia County. This presents a unique opportunity for businesses seeking a prominent location in a thriving area. The property's size allows for flexible layout configurations to suit diverse retail needs. With its strategic location and substantial square footage, this retail space offers significant potential for growth and success. The property is currently vacant, providing immediate occupancy for the new tenant. This is a rare opportunity to establish a presence in a highly sought-after area of Philadelphia. The property's location within University City offers a strong demographic profile, making it an attractive location for a variety of retail concepts. Interested parties are encouraged to explore the possibilities this exceptional retail space offers.

• CAP approach

  CAP return

  Valuation

  6%

  $5,388,089

  6.5%

  $4,973,620

  7%

  $4,618,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,500,179

  Geo Method

  $2,500,179

• Alternative Use

  Use

  Valuation

  Residential

  $6,167,290

  Hospitality

  $5,649,204

  Educational

  $4,700,072

  Medical

  $4,861,714

  Retail

  $7,311,222

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9529

Longitude

-75.2048

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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