Listed by MSC Retail
$820,000
9901 Frankford Avenue
Details
Property Type Retail, Office
Sub Type Executive Office
Square Footage 2,560
Acreage 0.330
Zoning CMX-2
Parking Spaces 10 spaces
Parking per 1,000 SqFt 3.91
Retail | 2,560 SqFt
Marketing description
MSC is proud to exclusively present for sale 9901 Frankford Avenue in Philadelphia, PROPERTY OVERVIEW Pennsylvania. This 2,560 square foot vacant retail building is situated on a roughly .33 acre parcel in Northeast Philadelphia, one of the densest, most mature submarkets in the Philadelphia MSA. The property is positioned at the intersection of Frankford Avenue (17,549 AADT) and Knights Road (15,264 AADT), with multiple points of ingress/egress providing easy access to the site. Additionally, the property has 10 dedicated parking spaces, a premium amenity for retailers looking to serve the nearly 124,163 residents that live within three miles of the property.
Northeast Philadelphia is home to approximately one third of the population of Philadelphia. This density drives significant demand from retailers to serve the immediate submarket. Within three miles of the property there is approximately 8 million square feet of retail space, of which less than 5% is currently vacant and available. These factors have driven 2022 rent growth over 3% compared to 2020. The scarcity of space and exposure to so many residents will continue to drive commercial demand in this market, and provide long term value appreciation for 9901 Frankford Avenue.
Investment highlights
- 2,560 Square Foot Vacant Retail Building Located in Northeast Philadelphia at the Lighted Corner of Frankford Avenue (17,549 Aadt) and Knights Road (15,264 Aadt)
- .33 Acre Site With 10 Dedicated Parking Spaces and Multiple Points of Ingress/egress Providing Easy Access Off the This Major Intersection
- Within Three Miles of the Property There Are Approximately 124,163 Residents and an Average Household Income of $86,663
- Northeast Philadelphia is One of the Densest Submarkets in the Msa, and Within the Immediate Trade Area There is Substantial Scarcity of Available Retail Space; Less Than 5% of the 8m Sf of Retail Space is Vacant
Listing Contacts
Listed by MSC Retail
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