Sammi’s Shoe Box, the place where your grandparents might have gotten their shoes as kids, will be closing after 76 years, according to a sign that popped up in the window last week.
We can’t say we’re surprised that the shop, at 1916 E Passyunk Ave., is closing. Back in April, we wrote that the store had been put up for rent, asking a whopping $4,500 a month for the 2,000 square foot space plus the basement. The price has come down.
According to a new rental listing, “rent is $3,500 for a restaurant and $2,500 for a retail space.” OK, that’s a little more like it. Or, you could just buy the business outright:
So, you could look at this development one of two ways: as a wistful lament of days gone by, or as a huge opportunity for a rare large commercial space to come onto the market. We could just as well be talking about the former St. Jude’s store one block up.
And what about the two prices for different operations? Is that standard?