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Imperial Retail/Office Space 8950 Krewstown Rd
2,250 SF of Retail Space Available in Philadelphia, PA 19115
Highlights
- Great opportunity to open an office with a limited investment.
- Great street visibility that includes existing signage with a proven location.
- Entire space was recently renovated and is beautifully appointed.
- Very dense population base in one of the strongest demographic locations in NE Philadelphia.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste A | 2,250 SF | 4-10 Years | $22.00 /SF/YR $1.83 /SF/MO $49,500 /YR $4,125 /MO | Plus Electric |
1st Floor, Ste A
First floor space available for immediate post January 1, 2024 move in. Rent includes gas heat, hot water, water and sewer, common area maintenance (CAM). Great location for professional office, or service-based retail, or other possible uses. Showings by appointment only and business intentions included upon inquiry.
- Listed lease rate plus proportional share of electrical cost
- Space is in Excellent Condition
- Recently renovated
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 8950 Krewstown Rd , Philadelphia, PA 19115
| Property Type | Retail | Year Built | 1973 |
| Property Subtype | Storefront | Parking Ratio | 3.56/1,000 SF |
| Gross Leasable Area | 2,250 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 2,250 SF |
| Year Built | 1973 |
| Parking Ratio | 3.56/1,000 SF |
About the Property
The 2,290 Square foot space is located at the corner of Krewstown and Surrey Road. The space has previously been used as a medical office, but with the current renovations and floor plans the the tenant can convert the space to best suit their needs. Located in Northeast Philadelphia, 8950 Krewstown Rd is strategically located near major highways such as I-95, the Pennsylvania Turnpike, and Route 1, making it easily accessible to other parts of the city and region. The region boasts a large and diverse consumer base comprising a mix of urban and suburban residents making it one of the strongest demographic locations in the area. Northeast Philadelphia also benefits from a business-friendly environment with incentives and programs aimed at supporting economic growth. Plus, the region is home to a highly skilled and educated workforce, including professionals in healthcare, finance, technology, and other industries making this a great location for your business.
Nearby Major Retailers
Presented by
Henry Bienenfeld & Sons
Imperial Retail/Office Space | 8950 Krewstown Rd
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