6245 Market StPhiladelphia, PA 19139

Property Details for 6245 Market St

Year built

1915

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.03 AC

Property size (Sq ft)

2,673 SF

Zone code

CMX2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

87-1-1513-50

APU

871151350

Description

This exceptional 1,000-square-foot retail space at 6245 Market Street in Philadelphia, Pennsylvania, presents a unique investment opportunity. Located in Philadelphia County, this single-tenant property boasts a convenient location near a SEPTA station, ensuring high visibility and accessibility for potential businesses. The building, constructed in 1915, sits on a 0.03-acre lot and is zoned CMX2, offering flexibility for a variety of commercial uses. The entire 1,000 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property consists of three buildings in total, though the specifics of their individual sizes and uses are not available. The property's address is 6245 Market Street, Philadelphia, PA 19139, with its precise location identified by latitude 39.9628741 and longitude -75.2463337. The Assessor's Parcel Number (APN) is 871151350. This property is ideal for entrepreneurs seeking a well-situated retail space in a vibrant Philadelphia neighborhood. Its proximity to public transportation and its substantial size make it an attractive proposition for a range of businesses. Don't miss this chance to acquire a piece of Philadelphia's commercial real estate landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $752,671

  6.5%

  $694,773

  7%

  $645,147

• Comparable approach

  Method

  Valuation

  Relative Method

  $349,254

  Geo Method

  $349,254

• Alternative Use

  Use

  Valuation

  Residential

  $861,519

  Hospitality

  $789,147

  Educational

  $656,561

  Medical

  $679,141

  Retail

  $1,021,317

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9629

Longitude

-75.2463

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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