1420 Point Breeze AvePhiladelphia, PA 19146

Property Details for 1420 Point Breeze Ave

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

35,628 SF

Zone code

CMX2

Property type

Retail properties

Property subtype

Retail space

APN

88-1-5773-45

APU

881577345

Description

This exceptional 2,555-square-foot retail space is situated on the ground floor of a brand-new, 42-unit apartment complex at 1420 Point Breeze Avenue in Philadelphia, Pennsylvania. Built in 2022, this Class A property boasts a single-tenant occupancy and offers a spacious layout measuring 72 feet by 34 feet. The unit features high ceilings, central air conditioning, and two convenient entrances. Large glass windows provide abundant natural light and excellent street visibility, capitalizing on the high foot traffic of this vibrant location. The property's Point Breeze Avenue address places it amidst a thriving commercial district, with numerous neighboring businesses. Its proximity to Broad Street and Washington Avenue ensures easy access to all parts of Philadelphia. Furthermore, this location benefits from planned streetscape improvements and is surrounded by new developments, contributing to the area's growing energy and appeal. This property is zoned CMX-2 in Philadelphia County, and is eligible for both the Storefront Improvement Grant and the InStore Forgivable Loan Program. The building is a four-story structure, and this space represents a unique opportunity for a variety of businesses, including daycare centers, medical offices, retail stores, or other suitable uses.

• CAP approach

  CAP return

  Valuation

  6%

  $16,871,950

  6.5%

  $15,574,107

  7%

  $14,461,671

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,730,989

  Geo Method

  $11,730,989

• Alternative Use

  Use

  Valuation

  Residential

  $13,137,342

  Hospitality

  $12,033,735

  Educational

  $10,011,926

  Medical

  $10,356,252

  Retail

  $15,574,107

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.934

Longitude

-75.1804

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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