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    Two-Street Frontage Office Building Title is generated by Realmo AI

    101 N PROVIDENCE Road, Wallingford, PA 19086

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    For Sale
    $1,198,000

    Commercial Sale - WALLINGFORD, PA

    Type:Office
    Property size:
    6,100 SF
    Price / SF:
    $196/SF
    Added:
    May 24, 2024
    Days on Market:
    766
    Last Refresh:
    Jun 28 at 12:06 pm

    Property Features for 101 N PROVIDENCE Road

    General Information

    Property type
    Other
    Property subtype
    Office
    Parking
    15
    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
    Number of units
    1
    Building materials
    Stone

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    Contact an agent
    Michael Mulholland

    Listing agent Michael Mulholland License #RS277114

    Listing office Long & Foster Real Estate, Inc. 1109 W Baltimore Pike unit: E, Media, PA

    Listing date May 24, 2024

    MLS# PADE2068144

    Copyright © 2026 Bright MLS. 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, ideal for investment or owner‑occupied office space.
    • On‑site parking for 15 vehicles.
    • New HVAC system installed in 2023.
    • Currently leased to an engineering firm, providing immediate income (lease until at least Dec 2024).
    • Unique building features including stone and steel construction, abundant natural light, and mature trees.
    • Versatile lower level with conference room, gym, locker rooms, kitchenette, laboratory, and storage.

    Overview

    This 1921 stone and steel office building offers a distinctive layout designed for day-to-day operations. The main floor includes 10 offices, four cubicles, a reception area, baths, and a coffee station, plus an additional office that overlooks the main floor. The lower level adds a large conference room, gym, two locker rooms, kitchenette, laboratory space, and storage. On-site improvements include new HVAC installed in 2023 and a French drain added recently. The property also includes outdoor space with a small outside eating area, along with mature trees.

    The building is located in Wallingford and is described as being close to Media, near the Blue Route, and conveniently positioned next to a SEPTA bus 118 stop. It is also noted as being near the SEPTA R-3 Commuter Rail Station in Wallingford. The property provides two-street frontage and on-site parking for 15 vehicles.

    For tenants or owner-occupants seeking a functional office environment, the combination of private offices, reception, conference room, and dedicated lab space supports professional and technical teams. The existing lease to an engineering firm runs through at least December 2024, with a lease termination date of June 2025, offering continuity for a period while planning next steps.

    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 (±1% cap)
    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 (±1% cap)
    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

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wallingford
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.37585
    Latitude
    39.90503

    FAQs

    What type of property is this?
    Office building - Stone and steel office building with parking, multiple workspaces, and updated HVAC and drainage systems.
    Where is this office building located?
    The property is located at 101 N PROVIDENCE Road 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, ideal for investment or owner‑occupied office space.; On‑site parking for 15 vehicles.; New HVAC system installed in 2023.
    More about this property
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