5604 N 5th St - Storefront FOR SALE


Philadelphia, PA 19120- Olney
$1,350,000 USD
215-515-2600
5604 N 5th St, Philadelphia, PA for Sale
$1,350,000 USD
Storefront - FOR SALE
1/10
null | 11.25% Cap Rate

5604 N 5th St
Philadelphia, PA 19120
Olney


OVERVIEW

* 5,520 SF former bank building in the heart of Olney on a high-traffic commercial corridor * Three-story CMX-2 zoned asset supporting retail, office, medical, educational, and mixed-use redevelopment * Strong adaptive reuse opportunity with existing 22-room configuration and 6 full bathrooms (including showers) * Iconic original bank structure featuring preserved vault with lockboxes—ideal architectural focal point for repositioning * Flexible layout suitable for multi-tenant office, medical clinic, charter school, or boutique commercial redevelopment * Recent capital improvements include updated central HVAC system and water heater * Existing security infrastructure: coded entry system, surveillance cameras, and operational security gates * Former storefront entry allows conversion to modern lobby/reception area * On-site parking enhances usability for institutional or high-traffic users * Vacant and fully available for immediate repositioning or lease-up strategy * Surrounded by strong neighborhood retail mix including pharmacies, restaurants, and daily-use services

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$245 USD /SF

CAP RATE

11.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CMX2.5

APN/PARCEL ID

882928245

ASK ABOUT THIS PROPERTY

215-515-2600

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215-515-2600

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