1921 Stone Office
101 N PROVIDENCE RD, Wallingford, PA 19086
- Added:
- May 24, 2024
- Days on Market:
- 766
- Last Refresh:
- Jun 28 at 11:06 am
Property Features for 101 N PROVIDENCE RD
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
Taxes and HOA fees
- Tax Annual Amount
- 26636
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1921
- Building materials
- Stone
- Architectural style
- Other
Listing agent Mike Mulholland (888) 536-0216
Listing office Media 1109 W Baltimore Pike, Suite E, PA (888) 536-0216
Listing date May 24, 2024
MLS# PADE2068144
Listing URL
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High‑visibility location with two‑street frontage in Wallingford, near Media, suitable for investment or owner‑occupied office.
- Substantial 6100 sq ft office building featuring 11 offices, conference room, gym, and laboratory.
- On‑site parking for 15 vehicles with an outside eating area and mature trees.
- Convenient access to transportation: near Septa bus 118 stop and Septa R‑3 Commuter Rail Station, close to the Blue Route.
- Recent upgrades include new HVAC (2023) and a French drain system.
- Currently leased to an engineering firm until at least December 2024, offering immediate income potential.
Overview
This 1921 stone and steel office building offers two-street frontage and abundant natural light. The property includes on-site parking for 15 vehicles and a small outdoor eating area, with mature trees adding a settled, established setting. Inside, the main level is arranged with 10 ground-floor offices, four cubicles, a reception area, baths, and a coffee station, plus an 11th office that overlooks the main floor. The lower level features a large conference room, gym, two locker rooms, kitchenette, laboratory space, and storage. Recent improvements include new HVAC in 2023 and a French drain installed recently.
Located in Wallingford, the building is described as close to Media and the Blue Route. The property is noted as next to a SEPTA bus 118 stop and near the SEPTA R-3 Commuter Rail Station in Wallingford.
The current configuration supports both professional office use and specialized work areas, including conference, lab, and storage components already built into the space. The building is currently leased to an engineering firm, with the tenant lease continuing through at least December 2024 and a lease termination date of June 2025, offering an occupancy plan for investors and a transition timeline for owner-occupants.
Located in Wallingford, the building is described as close to Media and the Blue Route. The property is noted as next to a SEPTA bus 118 stop and near the SEPTA R-3 Commuter Rail Station in Wallingford.
The current configuration supports both professional office use and specialized work areas, including conference, lab, and storage components already built into the space. The building is currently leased to an engineering firm, with the tenant lease continuing through at least December 2024 and a lease termination date of June 2025, offering an occupancy plan for investors and a transition timeline for owner-occupants.
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 | $161.0k | $26.40 |
| − Vacancy | −$27.7k | −$4.54 |
| EGI | $133.3k | $21.86 |
| − OpEx | −$33.3k | −$5.46 |
| NOI | $100.0k | $16.39 |
6,100 SF · lease $26.40/SF/yr · vacancy 17.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,006 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,462 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Gillespie Group
Marketing & Advertising
Minsec Co
Medical Clinic
EMG International, LLC
Environmental Engineer
Mc Dougall Marsini ...
Law Firm
Location Insight
- Map
- Local Demand
- City
- Wallingford
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.37585
- Latitude
- 39.90503
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Stone-and-steel office building with two-street frontage, ample parking, and multiple workspaces across two levels.
Where is this office building located?
The property is located at 101 N PROVIDENCE RD Wallingford, PA.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: High‑visibility location with two‑street frontage in Wallingford, near Media, suitable for investment or owner‑occupied office.; Substantial 6100 sq ft office building featuring **11 offices, conference room, gym, and laboratory**.; **On‑site parking for 15 vehicles** with an outside eating area and mature trees.
