5300 Market StPhiladelphia, PA 19139

Property Details for 5300 Market St

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

5,964 SF

Zone code

CMX2

Property type

Retail properties

Property subtype

Bars

APN

88-2-5730-05

APU

882573005

Description

This exceptional mixed-use property, located at 5300 Market Street in Philadelphia, Pennsylvania (zip code 19139), presents a unique investment opportunity. The 2,921 square foot building sits on a 2,921 square foot lot and is currently vacant, offering immediate potential for a new owner. Classified as a Class B property, it's zoned for mixed-use retail, currently configured as a bar. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for most operating expenses. Its strategic location offers easy access to public transportation and is within walking distance of numerous dining and retail establishments. Furthermore, its proximity to both the University of Pennsylvania and Drexel University provides significant potential for high foot traffic and diverse clientele. The building boasts distinctive architecture, blending historical charm with modern adaptability. The property's versatile nature allows for various uses, including redevelopment or continued operation as a bar, catering to the vibrant Philadelphia market. The asking price is $1,150,000. This presents a compelling opportunity for investors seeking a high-potential property in a thriving urban environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,468,660

  6.5%

  $2,278,763

  7%

  $2,115,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,963,726

  Geo Method

  $1,963,726

• Alternative Use

  Use

  Valuation

  Residential

  $1,922,222

  Hospitality

  $1,760,745

  Educational

  $1,464,919

  Medical

  $1,515,300

  Retail

  $2,278,763

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.96

Longitude

-75.2271

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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