Unique Commercial Space in Old City

PHILADELPHIA, PA 19106 Philadelphia, PA 19106

Claim this Listing
For Sale
$199,500

SINGLE_FAMILY - PHILADELPHIA, PA

Property size:
1,145 SF
Price / SF:
$174/SF
Added:
Jan 12, 2026
Days on Market:
179
Last Refresh:
Jul 10 at 9:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
1,145 SF

Building Details

Year built
1900

Listing agent Gregory J. Damis

Listing office BHHS Fox & Roach Center City-Society Hill PA

Listing date Jan 12, 2026

MLS# PAPH2573794

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located in one of Philadelphia's busiest locations, Old City, this commercial space offers a modern and aesthetically pleasing environment. The property features a wide, open floor plan with a vaulted brick ceiling, exposed brick, fresh paint, and finished walls and flooring. Eye-catching arches add to the unique character of the space. A kitchenette is included, equipped with a stainless steel refrigerator, basin and counters, cabinets, and bright lighting. A powder room is also available. The property is located in Old City's historic Malt House. The space is suitable for various business uses, including an artist's studio, salon, architect's workspace, wine cellar, or an office with a conference room and ample desk areas. It can also serve as inexpensive storage for any business in Old City. With a Walk Score of 95, the location provides access to diverse businesses and the best of Philadelphia. The property encompasses 1,145 square feet.

Key Highlights

  • Prime Old City location with a Walk Score of 95, ensuring high visibility and accessibility for customers.
  • Unique architectural features including vaulted brick ceilings, exposed brick, and eye‑catching arches.
  • Modern, aesthetically pleasing space with fresh paint, finished walls and flooring, and bright lighting.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $25.1k $21.96
− Vacancy −$5.1k −$4.41
EGI $20.1k $17.55
− OpEx −$5.0k −$4.39
NOI $15.1k $13.16
1,145 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%

Alternative Uses

Best Use
Office B
$215.3K
$188.4K – $251.1K (±1% cap)
NOI $15,068 @ 7.0% cap · market cap 7.55%
Second Best
Retail
$184.9K
$161.8K – $215.7K (±1% cap)
NOI $12,941 @ 7.0% cap · market cap 6.49%
Theoretical Best
Multifamily LT 5
$279.1K
$244.2K – $325.7K (±1% cap)
NOI $19,539 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

FAQs

What type of property is this?
Retail space - Modern commercial space in Philadelphia's Old City, suitable for various businesses.
Where is this retail space located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: Prime Old City location with a Walk Score of 95, ensuring high visibility and accessibility for customers.; Unique architectural features including vaulted brick ceilings, exposed brick, and eye‑catching arches.; Modern, aesthetically pleasing space with fresh paint, finished walls and flooring, and bright lighting.
Contact an agent
More about this property
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