Second-Floor Office
For Sale
Contact for pricing
107 S 2ND STREET #200, Philadelphia, PA 19106
Vacant professional workspace with glass frontage, central HVAC, adjacent parking, and transit connections.
Property Size6,492 SF
Price / SF$2.16
Days on Market52
Property Features for 107 S 2ND STREET #200
General Information
Standard status
Active
Size
6,492 SF
Property subtype
Commercial
Site & Location
Neighborhood
Center City
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Building Details
Year Built
1985
Listing Agency:
TCS Management, LLC
(215) 383-1439
Listed By:
Moshe Adika · License #2333829
(267) 210-3080
Source:
Cummingsrealtors
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 3 at 6:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCS Management, LLC
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Investment Insights
Based on property information with market context.
This vacant second-floor office unit provides 6,492 square feet for professional business use. The layout offers a substantial work area with central air conditioning and heating, while glass frontage brings natural light into the interior. A tree-lined outlook adds to the setting, and parking is available beside the building.
The property is located at 107 S 2nd Street in Philadelphia’s Old City district. Access to I-95, I-676, the Benjamin Franklin Bridge, SEPTA bus service, and the Market-Frankford Line supports commuting and visitor access. Constructed in 1985, the building presents an established setting for an office user seeking a prominent city location.
The property is located at 107 S 2nd Street in Philadelphia’s Old City district. Access to I-95, I-676, the Benjamin Franklin Bridge, SEPTA bus service, and the Market-Frankford Line supports commuting and visitor access. Constructed in 1985, the building presents an established setting for an office user seeking a prominent city location.
Key Highlights
- 6,492 square feet of second‑floor office space
- Currently vacant and configured for professional business use
- Central air conditioning and heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,432
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,640
$1.7M
Cap Rate 7%
$1,220,457
$1.2M
Cap Rate 9%
$949,244
$949.2K
Market Conditions
NOI Build-Up for 6,492 SF
Gross rent
$142.6K $21.96/SF
− Vacancy
−$28.7K −$4.41/SF
EGI
$113.9K $17.55/SF
− OpEx
−$28.5K −$4.39/SF
NOI
$85.4K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,640
Cap Rate 7%
$1,220,457
Cap Rate 9%
$949,244
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,432 @ 7.0% cap · market cap 610.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.58M
$1.38M – $1.85M
NOI $110,785 @ 7.0% cap · market cap 791.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,993
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Vacant professional workspace with glass frontage, central HVAC, adjacent parking, and transit connections.
Where is this office unit located?
The property is located at 107 S 2ND STREET #200 Philadelphia, PA.
What are key features of this property?
This property features: 6,492 square feet of second‑floor office space; Currently vacant and configured for professional business use; Central air conditioning and heating
