4501-4503 Frankford Ave - Storefront Retail/Residential FOR SALE


Philadelphia, PA 19124- Frankford
$1,500,000 USD
609-352-5803
4501-4503 Frankford Ave, Philadelphia, PA for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate

4501-4503 Frankford Ave
Philadelphia, PA 19124
Frankford


OVERVIEW

4501-03 Frankford Ave, Philadelphia, PA 19124 — 12-Unit Mixed-Use Investment Property Asking Price: $1,500,000 Prime investment opportunity in the heart of Frankford! This 12-unit, CMX-2 zoned mixed-use building consists of 10 residential apartments and 2 ground-floor retail storefronts, generating a strong combined rental income of approximately $12,200 per month. This stabilized, income-producing asset offers reliable cash flow in a rapidly developing commercial corridor. Both retail spaces benefit from excellent visibility and foot traffic, while the residential units remain in steady demand. Property Highlights Address: 4501-03 Frankford Ave, Philadelphia, PA 19124 Asking Price: $1,500,000 Zoning: CMX-2 Total Units: 12 (10 apartments + 2 retail storefronts) Monthly Income: ˜ $12,200 Annual Gross Income: ˜ $146,400 Real Estate Taxes: $7,348/year Unit Mix: Variety of studio and 1-bedroom units (confirm as needed) Occupancy: Fully occupied with stable tenants Retail Tenants: Established businesses on active leases Buyer responsible for conducting their own due diligence Property being sold strictly in as-is condition Seller makes no warranties regarding zoning, condition, or permitted uses Proof of funds or pre-approval required with all offers Do Not Disturb Tenants — Showings require advance notice Financial Snapshot Gross Annual Income: $146,400 Taxes: $7,348 Approx. Net Operating Income (NOI*): $139,052 *NOI based solely on taxes provided; additional expenses would modify this figure. Cap Rate at $1,500,000 Cap Rate = NOI ÷ Purchase Price = 139,052 ÷ 1,500,000 ˜ 9.27% ? Approx. Cap Rate: 9.3%

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,922 SF

ZONING

C2

APN/PARCEL ID

881104340

ASK ABOUT THIS PROPERTY

Eric FarhatRE/MAX PreferredMore Info
609-352-5803

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Eric FarhatRE/MAX PreferredMore Info
609-352-5803

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