5219 Market StPhiladelphia, PA 19139

Property Details for 5219 Market St

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.05 AC

Property size (Sq ft)

8,000 SF

Zone code

CMX2.5

Property type

Investment properties

Property subtype

Live-work space

APN

88-2-8398-10

APU

882839810

Description

This 1,500 square foot retail space is located at 5219 Market Street in Philadelphia, Pennsylvania, within the bustling 52nd Street commercial corridor. The property is a single-tenant space, ideal for a variety of uses including clothing, fashion, salon, or barber shop businesses. Recent renovations have modernized the space, creating a fresh and inviting atmosphere for customers. The property boasts attractive display windows, perfect for showcasing merchandise and attracting foot traffic. In addition to the main retail area, a dedicated office space is included, providing a private area for administrative tasks or client consultations. The property is situated in Philadelphia County, Pennsylvania, with a zip code of 19139. Its convenient location on Market Street offers excellent visibility and accessibility for both customers and employees. The space is available immediately, presenting a unique opportunity for businesses seeking a high-traffic location in a vibrant Philadelphia neighborhood. The property's features make it an exceptional opportunity for a business looking to establish or expand its presence in a prime retail area. This is a single-tenant space, offering exclusivity and control over the premises.

• CAP approach

  CAP return

  Valuation

  6%

  $2,252,663

  6.5%

  $2,079,382

  7%

  $1,930,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,045,280

  Geo Method

  $1,045,280

• Alternative Use

  Use

  Valuation

  Residential

  $2,578,433

  Hospitality

  $2,361,831

  Educational

  $1,965,016

  Medical

  $2,032,595

  Retail

  $3,056,691

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9604

Longitude

-75.2256

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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