2610 E Allegheny Ave - Health Care FOR SALE


Philadelphia, PA 19134- Port Richmond
$1,160,000 USD
215-568-2600
2610 E Allegheny Ave, Philadelphia, PA for Sale
$1,160,000 USD
Health Care - FOR SALE
1/3
null | 7.75% Cap Rate

2610 E Allegheny Ave
Philadelphia, PA 19134
Port Richmond


HIGHLIGHTS

  • Single-Tenant Double Net Lease with Philadelphia Eye Associates, who recently signed a new 5-year lease
  • Established Operating History – Over 40 years at this location
  • Prime Port Richmond Location – One of Philadelphia’s fastest-growing neighborhoods with strong demographics and ongoing development
  • Passive Investment Opportunity – Double net lease with limited landlord responsibilities
  • High-Traffic Location – 12,992 vehicles per day (VPD) on Allegheny Avenue; just 0.5 miles from I-95 (194,706 VPD) with a direct exit to Allegheny Aven

OVERVIEW

MSC Retail is pleased to present an exceptional investment opportunity at 2610 E. Allegheny Avenue, Philadelphia, PA, a single-tenant net lease property occupied by a well-established eye care practice. The tenant operates a opthamology and optometry business with a long-standing presence in the local market for over 40 years, providing stability and predictable cash flow. The property is strategically located in the Port Richmond neighborhood of Philadelphia, a dense, highly trafficked community undergoing continued growth and revitalization. With a strong residential base, excellent accessibility, and proximity to major commercial corridors, Port Richmond has become one of the city’s most sought- after submarkets for both residents and businesses. Philadelphia Eye Associates is a long-established ophthalmology and optometry practice serving the greater Philadelphia community. The group operates multiple offices throughout the city, including its long-standing location at 2608–12 East Allegheny Avenue. Eye care practices are considered resilient investments due to the high costs and complexities of relocating patients and operations, ensuring long-term stability for landlords.

FOR SALE DETAILS

PRICE

$1,160,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Philadelphia Eye Associates

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

-

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,436 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

215-568-2600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

215-568-2600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.