Retail Space
1038 Lincoln Avenue Prospect Park, PA 19076
Details & Description
Price: $285,000
    For sale is a great investment opportunity to own a fully leased building that has a retail storefront on the first floor and a residential apartment on the second. The storefront is leased to a nail salon. On-street parking only. Rent for the first floor storefront is $1,150/month and rent for the second floor apartment is $750/month. Insurance is $1,383/year and taxes for 2021 are $4,039/year. The 1st floor tenant has a 3 year lease that expires/renews January 2023 and has occupied the space continually since 2005. The 2nd floor apartment tenant is a 1 year lease that expires/renews June 2022.
    Listing Agents
    William Gordon

    O: 610-359-1100
    M: 610-331-9758
    wgordon@zmcre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1038 Lincoln Avenue

    Prospect Park, PA 19076

    Listing ID: 262496
    • 1038 Lincoln Avenue Prospect Park, PA 19076 | for Sale | Photo 1
    • 1038 Lincoln Avenue Prospect Park, PA 19076 | for Sale | Photo 2
    • 1038 Lincoln Avenue Prospect Park, PA 19076 | for Sale | Photo 3
    1038 Lincoln Avenue | for Sale | Thumbnail 1
    1038 Lincoln Avenue | for Sale | Thumbnail 2
    1038 Lincoln Avenue | for Sale | Thumbnail 3
    Building Size: 5,000 SF
    Lot Size: 0.300 AC
    Land Size: 13,068 SF
    Building $/SF: $57.00
    Land $/SF: $21.81
    Price
    $285,000
    Description

    For sale is a great investment opportunity to own a fully leased building that has a retail storefront on the first floor and a residential apartment on the second. The storefront is leased to a nail salon. On-street parking only. Rent for the first floor storefront is $1,150/month and rent for the second floor apartment is $750/month. Insurance is $1,383/year and taxes for 2021 are $4,039/year. The 1st floor tenant has a 3 year lease that expires/renews January 2023 and has occupied the space continually since 2005. The 2nd floor apartment tenant is a 1 year lease that expires/renews June 2022.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Retail Space for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Prospect Park Area Market Trends

    Listing Demographics for 1038 Lincoln Avenue Prospect Park, PA 19076

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population23,361136,094333,338
    Population Median Age393938
    Population by Age0-9 Yrs2794 (11%)16134 (11%)41367 (12%)
    10-19 Yrs2767 (11%)17823 (13%)42398 (12%)
    20-29 Yrs2928 (12%)17982 (13%)46794 (14%)
    30-39 Yrs3533 (15%)19790 (14%)46119 (13%)
    40-49 Yrs2975 (12%)16626 (12%)40960 (12%)
    50-59 Yrs3441 (14%)19076 (14%)45977 (13%)
    60-69 Yrs2613 (11%)15350 (11%)37525 (11%)
    70+ Yrs2309 (9%)13313 (9%)32199 (9%)
    Median HH Income$71,070$67,420$62,642
    Total Household Income< 24K1272 (14%)8264 (16%)23487 (18%)
    25-49K1761 (19%)10722 (20%)27183 (21%)
    50-74K1707 (18%)9269 (18%)22076 (17%)
    75-99K1301 (14%)7075 (13%)15977 (12%)
    100-199K2627 (29%)13478 (26%)29058 (23%)
    200K+356 (3%)2560 (4%)7052 (5%)
    Highest Education LevelNo Diploma771636819074
    Diploma or GED69833606281171
    Some College33431694641682
    Assoc. Degree1257817419098
    Bachelors Degree27831652241183
    Higher Degree1303943325084
    Total Housing Units9,75655,725137,610
    --Owner-Occupied6,43335,50981,337
    --Renter-Occupied2,59215,86043,495
    Owner-Occupied Values< 100K464551415643
    100-199K35701679834301
    200-299K1979848717033
    300-399K38129978511
    400-499K387872996
    500K+19262854
    Total Working Age Population18,967109,633266,285
    In Work Force13,24574,805177,246
    Not In Work Force5,72234,82889,039
    Workforce Employed12,47470,188165,107
    Workforce Unemployed7674,60912,117
    Civlian Workforce13,24174,798177,225
    Military Workforce4722
    Total Households9,02451,369124,832
    Family Households5,63732,63779,725
    Non-Family Households3,38818,73145,107
    Married Couple3,91022,09050,417
    Other Family1,72710,54829,308
    Married w/Child1,7079,14220,860
    Single Male w/Child2881,2513,178
    Single Female w/Child5323,87411,572

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Gloucester County254,673+13288,288+1292,000+5305,800
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Chester County433,501+15498,886+7533,837+7573,576
    Delaware County550,864+1558,979+5588,436+6622,307
    Philadelphia County1,517,550+11,526,006+81,653,729+61,753,054

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1038 Lincoln Avenue in Prospect Park?
    The asking price for 1038 Lincoln Avenue is $285,000
    What is the building size of this Retail property in Prospect Park, PA?
    The size of the building/unit at 1038 Lincoln Avenue in Prospect Park is 5,000 square feet
    How much land does the Prospect Park, PA property at 1038 Lincoln Avenue include?
    1038 Lincoln Avenue in Prospect Park includes 0.300 acres of land
    What kind of Retail is the propery at 1038 Lincoln Avenue?
    The property at 1038 Lincoln Avenue Prospect Park, PA 19076 is listed as a Other Retail Retail property
    What is the population within 1 mile of 1038 Lincoln Avenue in Prospect Park?
    The population within 1 mile of 1038 Lincoln Avenue Prospect Park, PA 19076 is 23,361 people.
    Who do I contact for questions about 1038 Lincoln Avenue?
    You should contact the listing agent, William Gordon , for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    1020 Lincoln Avenue, Prospect Park, PA $819,000 5642 0.21
    230 Holmes Road, Holmes, PA CALL 10000 0.5
    2339 MacDade Boulevard, Holmes, PA $525,000 4000 0.3
    300 Chester Pike, Glenolden, PA $600,000 2592 0.33
    135 Chester Pike, Glenolden, PA $699,900 18500 0.77
    135 Chester Pike, Glenolden, PA $699,900 18500 0.77
    4501 Edgmont Avenue, Brookhaven, PA $1,250,000 4886 0.35
    729 Long Lane, Bryn Mawr, PA $1,600,000 5000 0.12
    824 North Lansdowne Avenue, Drexel Hill, PA $950,000 2931 0.32
    Township Line Road and West Chester Pike, Havertown, PA CALL 3500 5.17

    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 4
    Newark Liberty International Airport (EWR) 82
    Baltimore Washington International (Thurgood Marshall Airport) (BWI) 88