5013 Springfield AvePhiladelphia, PA 19143

Property Details for 5013 Springfield Ave

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.89 AC

Property size (Sq ft)

18,678 SF

Zone code

CMX2

Property type

Warehouses

APN

88-4-2610-07

APU

884261007

Description

This exceptional ground floor commercial space, located in Philadelphia County, is ideally suited for a cafe, coffee shop, or grocery store specializing in fresh foods. Currently available for occupancy, the space offers a flexible layout ranging from 1,500 to 4,500 square feet, providing ample room for a variety of retail concepts. The property boasts over 55 feet of prominent Springfield Avenue frontage, ensuring high visibility and accessibility for potential customers. Situated beneath 65 newly constructed apartments, this location benefits from a built-in customer base. The space will be delivered as a "vanilla box," offering a blank canvas for customization, although build-out negotiations are possible. High-end finishes are planned, including low-iron glass storefront panels, polished concrete floors, and impressive 10-foot ceiling heights featuring exposed beams. Furthermore, the building incorporates abundant green roofs, contributing to an environmentally conscious and aesthetically pleasing atmosphere. This is a unique opportunity to establish a thriving business in a vibrant and rapidly developing neighborhood. The space is available for Summer 2022 occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $10,945,200

  6.5%

  $10,103,200

  7%

  $9,381,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,904,750

  Geo Method

  $3,904,750

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,323,650

  Mixed-Use / Specialty

  $5,417,160

  Hospitality / Lodging

  $4,120,860

  Office

  $5,502,150

  Institutional / Educational

  $5,671,870

  Residential Income

  $6,636,090

  Multifamily

  $7,335,330

  Automotive / Energy

  $4,861,600

  Parking / Income-Based Land

  $1,566,540

  Restaurant / Food Service

  $3,057,590

  Healthcare / Senior Housing

  $5,439,840

Location Insight

City

Philadelphia

County

Philadelphia

State

Pennsylvania

Latitude

39.9443

Longitude

-75.2202

CBSA code

37980

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].