5440 Lansdowne Avenue — Sale in Philadelphia, PA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Philadelphia, PA 19131

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Description

Marcus & Millichap is pleased to present 5440 Lansdowne Avenue, a vacant, freestanding former Rite Aid building in Philadelphia, Pennsylvania. The property is 8,052 square feet and zoned CMX-2. The zoning allows for a wide range of retail and mixed uses, so there are several ways to create value: lease it to a new tenant, redevelop it, or use it for your own business. The property has 30 parking spaces, two entrances, and sits on a road with over 9,000 cars passing by each day. Nearby national retailers include ShopRite, Lowe's, GameStop, and Foot Locker at ParkWest Town Center, Dollar Tree, Family Dollar, and Popeyes at Overbrook Plaza, and Target, TJ Maxx, Ross Dress for Less, Five Below, and AutoZone along the City Avenue retail corridor. It's a good fit for a retail or medical tenant, or for a business owner who wants a freestanding building ready to move into. It's a flexible opportunity in a well-established Philadelphia location. Investment Highlights: • Zoned CMX-2 with Flexible Redevelopment Potential for Retail, Medical, or Mixed-Use Repositioning • Value-Add Opportunity with Multiple Paths to Execution: Re-Leasing, Redevelopment, or Owner-User Occupancy • 30 Parking Spaces and Two Points of Access Deliver Strong Site Functionality • Traffic Count of 9,000+ Vehicles Per Day

Market Context

This retail in Philadelphia, PA is listed for sale. Compare it against other retail listings for sale in Philadelphia, PA — view the full market.

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