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Investment Highlights

  • Well-located property that rests on a combined 0.32-acre parcel with approximately 16000 square feet of leasable area
  • Currently occupied by three established tenants, a supermarket, a language school and a KTV providing stable income
  • Only 2000 ft away from the Cottman & Bustleton Shopping Center in Northeast Philadelphia

Executive Summary

Offered for sale: 7034-7040-7048 Castor Ave. This is a great opportunity for investors or owner-users seeking income stability with upside potential in one of the busiest commercial corridors in Northeast Philadelphia. The building is currently occupied by three established tenants — a supermarket, a language school, and a KTV — providing stable income. Additional office space on the second floor for leasing, ideal for professional services, education, or creative uses. Located within minutes of Cottman Avenue and surrounded by a dense and thriving neighborhood, with over 300,000 residents within a 3-mile radius.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
16,530 SF
Building Class
C
Year Built/Renovated
1970/2022
Price
$3,878,672 CAD
Price Per SF
$234.64 CAD
Cap Rate
6.61%
NOI
$256,269 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,265 SF
Slab To Slab
11’
Building FAR
1.19
Lot Size
0.32 AC
Zoning
CMX1,CMX2 - Can Mostly accommodate for Retail, Office,Food Service, Child Care and medical care.
Parking
24 Spaces (1.52 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Courtyard
  • Security System
  • Signage
  • Kitchen
  • Central Heating
  • Fully Carpeted
  • High Ceilings
  • Natural Light
  • Reception
  • Recessed Lighting
  • Drop Ceiling
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Floor
  • 5,930 SF
  • Office
  • -
  • Now

Now offering flexible office suites on 2nd floor ranging from 2,500SF to 6,000 SF — ideal for professional, medical, event or creative use. This well-maintained 2-story property with onsite parking lot located on one of the busiest commercial corridors in Northeast Philadelphia. Building currently occupied by three established tenants, a supermarket, a language school and a KTV. Balance of functionality, accessibility, and value — perfect for growing businesses seeking a quality environment

Space Size Space Use Condition Available
2nd Floor 5,930 SF Office - Now

2nd Floor

Size
5,930 SF
Space Use
Office
Condition
-
Available
Now

2nd Floor

Size 5,930 SF
Space Use Office
Condition -
Available Now

Now offering flexible office suites on 2nd floor ranging from 2,500SF to 6,000 SF — ideal for professional, medical, event or creative use. This well-maintained 2-story property with onsite parking lot located on one of the busiest commercial corridors in Northeast Philadelphia. Building currently occupied by three established tenants, a supermarket, a language school and a KTV. Balance of functionality, accessibility, and value — perfect for growing businesses seeking a quality environment

Very walkable
80/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 883378300
  • 885905020
Land Assessment
$756,791 CAD
Improvements Assessment
$2,399,195 CAD
Total Assessment
$3,155,986 CAD
  • Listing ID: 38343526

  • Date on Market: 2025-11-05

  • Last Updated:

  • Address: 7034-7048 Castor Ave, Philadelphia, PA 19149

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