1237 Point Breeze Ave
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1237 Point Breeze Ave
1,505 SF 100% Leased Retail Building Philadelphia, PA 19146 $575,000 ($382/SF) 5.78% Cap Rate
Investment Highlights
- Stabilized Turn-Key Investment
- Tax Abatement
- Beautifully Renovated
Executive Summary
Welcome to Point Breeze! This is a great mixed-use building on the constantly-improving Point Breeze Avenue commercial corridor that is beautifully renovated and fully leased.
The building consists of one ground floor commercial unit leased by MU8 Beauty Studio until January 2027 and a great bi-level two bedroom apartment that is leased until April 2026! This building is a great stabilized turn-key investment with little to no maintenance on a burgeoning commercial corridor, with a property tax abatement until 2033!
The building consists of one ground floor commercial unit leased by MU8 Beauty Studio until January 2027 and a great bi-level two bedroom apartment that is leased until April 2026! This building is a great stabilized turn-key investment with little to no maintenance on a burgeoning commercial corridor, with a property tax abatement until 2033!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,404
|
$24.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,404
|
$24.85
|
| Taxes |
$1,144
|
$0.76
|
| Operating Expenses |
$3,007
|
$2.00
|
| Total Expenses |
$4,151
|
$2.76
|
| Net Operating Income |
$33,253
|
$22.10
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $37,404 |
| Annual Per SF | $24.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,404 |
| Annual Per SF | $24.85 |
| Taxes | |
|---|---|
| Annual | $1,144 |
| Annual Per SF | $0.76 |
| Operating Expenses | |
|---|---|
| Annual | $3,007 |
| Annual Per SF | $2.00 |
| Total Expenses | |
|---|---|
| Annual | $4,151 |
| Annual Per SF | $2.76 |
| Net Operating Income | |
|---|---|
| Annual | $33,253 |
| Annual Per SF | $22.10 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,505 SF
Year Built
1923
Price
$575,000
Price Per SF
$382
Cap Rate
5.78%
NOI
$33,253
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.73
Lot Size
0.02 AC
Opportunity Zone
Yes
Zoning
CMX2 - In Philadelphia, CMX-2 zoning is intended for neighborhood-serving retail and service businesses.
Frontage
17 FT on Point Breeze Avenue
Amenities
- Signage
Walk Score ®
Very Walkable (86)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Very Bikeable (86)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 871547970 | Total Assessment | $81,700 |
| Land Assessment | $16,340 | Annual Taxes | $1,144 ($0.76/SF) |
| Improvements Assessment | $65,360 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
871547970
Land Assessment
$16,340
Improvements Assessment
$65,360
Total Assessment
$81,700
Annual Taxes
$1,144 ($0.76/SF)
Tax Year
2024
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1237 Point Breeze Ave
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