34-38 W Girard Ave | 1155-57 N Front St
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34-38 W Girard Ave 1155-57 N Front St
7,062 SF Vacant Retail Building Philadelphia, PA 19123 $3,029,544 CAD ($428.99 CAD/SF) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic
- Multifamily, Hotel, Commercial, or Mixed use by right
- High Visibility Corner
EXECUTIVE SUMMARY
Property Specs
- CMX3 Zoning
- 2,882 Ground Sq Ft
- Existing buildings contain roughly 8,500 Sq Ft
- 15 key hotel
- H Liquor License
- Cabaret License
- One Carry out restaurant
- One Sit Down Bar Restaurant
- Dumpster License
- All Licenses UP TO DATE and sold with the premises
- Outdoor seating area/private court yard
Hotel Operation:
- 15 key hotel
- Needs renovation and addition of bathrooms to each room
- Must maintain 15 rooms minimum to keep the H Liquor license
List of Licenses in Place:
- Food Prep and serving 30 seats
- Amusement License (cabaret)
- Special Assembly Occupancy (cabaret)
- Dumpster License
- H Liquor License
- CMX3 Zoning
- 2,882 Ground Sq Ft
- Existing buildings contain roughly 8,500 Sq Ft
- 15 key hotel
- H Liquor License
- Cabaret License
- One Carry out restaurant
- One Sit Down Bar Restaurant
- Dumpster License
- All Licenses UP TO DATE and sold with the premises
- Outdoor seating area/private court yard
Hotel Operation:
- 15 key hotel
- Needs renovation and addition of bathrooms to each room
- Must maintain 15 rooms minimum to keep the H Liquor license
List of Licenses in Place:
- Food Prep and serving 30 seats
- Amusement License (cabaret)
- Special Assembly Occupancy (cabaret)
- Dumpster License
- H Liquor License
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$294,645
|
$41.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,732
|
$2.09
|
| Effective Gross Income |
$279,912
|
$39.64
|
| Taxes |
$35,948
|
$5.09
|
| Operating Expenses |
$42,930
|
$6.08
|
| Total Expenses |
$78,878
|
$11.17
|
| Net Operating Income |
$201,035
|
$28.47
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $294,645 |
| Annual Per SF | $41.72 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,732 |
| Annual Per SF | $2.09 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $279,912 |
| Annual Per SF | $39.64 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,948 |
| Annual Per SF | $5.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,930 |
| Annual Per SF | $6.08 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $78,878 |
| Annual Per SF | $11.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $201,035 |
| Annual Per SF | $28.47 |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
7,062 SF
Building Class
C
Year Built
1920
Price
$3,029,544 CAD
Price Per SF
$428.99 CAD
Cap Rate
6.67%
NOI
$201,980 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.46
Lot Size
0.07 AC
Zoning
CMX-3 - Commercial mixed use zoning designation that allows for a by right short term stay or boutique hotel use.
Frontage
AMENITIES
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Calle Del Sabor
- Accommodation and Food Services
- 2,000 SF
- $43.28 CAD
- Net
- -
- JJ Mallons
- Accommodation and Food Services
- 1,200 SF
- $36.07 CAD
- Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Calle Del Sabor | Accommodation and Food Services | 2,000 SF | $43.28 CAD | Net | - | |
| JJ Mallons | Accommodation and Food Services | 1,200 SF | $36.07 CAD | Net | - |
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (98)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 871600250 | Total Assessment | $540,268 CAD (2025) |
| Land Assessment | $108,054 CAD (2025) | Annual Taxes | $35,948 CAD ($5.09 CAD/SF) |
| Improvements Assessment | $432,214 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
871600250
Land Assessment
$108,054 CAD (2025)
Improvements Assessment
$432,214 CAD (2025)
Total Assessment
$540,268 CAD (2025)
Annual Taxes
$35,948 CAD ($5.09 CAD/SF)
Tax Year
2024
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34-38 W Girard Ave | 1155-57 N Front St
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