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Grocery | Pharmacy | Creative Office Biz Ctr | Event Space

$1.06 to $1.67/sqft/mo

2400 Kensington Avenue, Philadelphia, PA 19125

Active
Last Updated: 10/07/2024

14,000 sqft

Building Size

6,804 sqft

Lot Area

Details:
Building Size:    14,000 sqft
Lot Area:    6,804 sqft
Class:    C
Year Built:    1900
Tenancy:    Multiple
Floors:    2
Highlights:
  • Corner Ground Level
  • Next To High Speed Rail
  • High Growth New Residential Construction Nearby
Description:

COMMERCIAL RETAIL ENTREPRENEUR ALERT: This ground-level space is a strategic corner location steps from the train to Center City and sits in the center of massive nearby residential development. The first-floor space is capped with a tall 11.5' ceiling throughout. A 1,000 SF basement holds mechanicals. Historically this building has been used as a grocery. It presently offers a large 'walk-in' for refrigeration and a deli area with a superb high-capacity pizza hearth. Today this space works nicely as a redefined modern grocery, market, pharmacy, or foodservice commissary. |||

The space also works nicely as an expansive corner department store. Let your imagination go to work to create a great retail model to serve the skyrocketing residential growth and development of the creative culture unfolding nearby. The building sits strategically one hundred feet from the York Street high-speed transit terminal to Center City. |||

This opportunity is 7,000 SF of open, expansive retail space available for immediate lease: 5-10 year negotiable lease, NNN. Single Tenant. No Sublease. The tenant is responsible for their buildout. NNN is approximately $0.185/SF/Month or $15,400 per year: 50% of property tax, insurance, water-sewer. Tenant pays all utilities, U&O, trash, and snow removal.

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COMMERCIAL OFFICE-EVENT-SPECIAL PURPOSE SPACE: This space is a strategic corner location steps from the train to Center City and sits in the center of massive residential development. The second floor offers 7,000 SF of open, expansive office, event, or special purpose space with 9' ceilings and is available for immediate lease: 5-10 year negotiable lease, NNN. |||

Historically this space was used to store dry goods for a ground-level grocery.​ Today this space works nicely as a modern collaborative business co-working office center, business incubator, an expansive professional office setting, or as a professional event space.​ It can also serve nicely as a web development technology center, an advertising, and graphic studio, or as a special use flex space.​ Let your imagination go to work to create a great office space model to serve the skyrocketing residential growth and development of the creative culture unfolding nearby.​ |||

The Landlord will provide a vanilla box, the Tenant is responsible for their fit-out and finishes.​ The prospective occupancy timeline is six months. A single tenant is preferred. This space can be subdivided into four equal-sized units. The minimum unit subdivision is 1,750 SF of rentable space. The common space will include two large unisex powder rooms, two staircases, connecting hallways, and a modest outdoor space. The common space load factor will be approximately 20% or 300 SF per unit. Net usable space 1,450 SF per unit. NNN is about $0.185/SF/Month or about $324/Unit/Month. Tenants pay all utilities, U&O, and trash removal.

Map:
2 Spaces Available

Ground Floor Grocery Anchored/Community Center

Available:
Immediately
Sublease:
No
SQFT
7,000
Lease Type:
NNN

Wonderful corner 7,000 SF ground floor retail. Grocery, Pharmacy, Department Store, Food Services. Steps from the train to Center City. Negotiable Lease. Single Tenant. No Sublease. Tenant is responsible for Buildout. NNN is approximately $0.185/SF/Month or $15,400 per year: 50% of property tax, insurance, water-sewer. Tenant pays all utilities, U&O, trash, and snow removal.

    Second Level Neighborhood Center

    Available:
    Immediately
    Sublease:
    No
    SQFT
    7,000
    Lease Type:
    NNN

    This space is a strategic corner location steps from the train to Center City and sits in the center of massive residential development. This second-level space is an expansive 7,000 SF. A single tenant is preferred. Possible subdivision to four equal-sized units. The minimum unit subdivision is 1,750 SF of rentable space. The Landlord will provide a vanilla box. The Tenant shall be responsible for their finishes. The common space will include two large unisex powder rooms, two staircases, connecting hallways, and a modest outdoor space. The common space load factor will be approximately 20% or 300 SF per unit. Net usable space 1,450 SF per unit. NNN is about $0.185/SF/Month or about $324/Unit/Month. Tenants pay all utilities, U&O, and trash removal.

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