10% Sales Commission | 432-436 South St
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10% Sales Commission 432-436 South St
5,902 SF 100% Leased Retail Building Philadelphia, PA 19147 £2,346,111 (£398/SF) 3.73% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located within close proximity to Queen Village, Society Hill, Bella Vista, and Washington Square neighborhoods.
- Multiple signage opportunities and entrances at both South and 5th Street.
- Major area tenants: Starbucks, Verizon, Orange Theory Fitness, PNC, Natuzzi, T-Mobile.
- Consistent daytime, nighttime, and weekend traffic with three street side exposure.
EXECUTIVE SUMMARY
This 7,500 square foot retail building is located at the Corner of 5th & South Street in Philadelphia, PA. Each floor contains 2,500 SF of open space with natural lighting and high ceilings. Originally built in 1900, this 7,500 square foot building has street exposure on three sides, and contains two floors of wide-open, usable space. The property is also located in the highly affluent neighborhoods of Society Hill and Queen Village, and is within 3-5 blocks of multiple parks and public attractions.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,902 SF
Building Class
C
Year Built
1900
Price
£2,346,111
Price Per SF
£398
Net Initial Yield
3.73%
NOI
£87,482
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.90
Lot Size
0.15 AC
Zoning
CMX-3 - Commercial Mixed Use 3
Frontage
AMENITIES
- Pylon Sign
- Signalised Intersection
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (91)
Bike Score®
Very Bikeable (84)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
74,439
440,598
892,758
1,414,502
2029 Population
71,976
432,179
877,238
1,390,740
2024-2029 Projected Population Growth
-3.3%
-1.9%
-1.7%
-1.7%
Median Age
36.6
33.8
34.5
35.9
College Degree + Higher
68%
49%
35%
19%
Daytime Employees
103,085
406,644
543,175
694,767
Total Businesses
12,674
42,879
58,689
77,361
Average Household Income
$128,801
$100,600
$79,922
$80,126
Median Household Income
$98,003
$71,781
$53,159
$54,706
Total Consumer Spending
$1.3B
$5.5B
$9.3B
$14.6B
2024 Households
38,986
196,204
372,266
574,947
Average Home Value
$578,427
$430,171
$311,678
$283,797
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 882637605 | Improvements Assessment | £954,350 |
| Land Assessment | £238,588 | Total Assessment | £1,192,938 |
PROPERTY TAXES
Parcel Number
882637605
Land Assessment
£238,588
Improvements Assessment
£954,350
Total Assessment
£1,192,938
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10% Sales Commission | 432-436 South St
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