Office Suite with Atrium
1118 E Columbia Ave Philadelphia, PA 19125
New
1118 E Columbia Ave, Philadelphia, PA, 19125
$349,900
For Sale
$349,900
Single-level office space with a reception featuring a 20' atrium, plus private offices, conference room, and bullpen area.
Property Size2,200 SF
Price / SF$159.05
Days on Market2
Property Features for 1118 E Columbia Ave
General Information
- Standard status
- Active
- Size
- 2,200 SF
Building Details
- Year Built
- 1850
Listing agency
JG Real Estate LLC
(215) 467-4100
Listed by
Ariel L Morgenstein · License #AB067988
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 11:33AM Checked: Jul 22 at 11:33AM
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 JG Real Estate LLC
Investment Insights
Based on property information with market context.
For sale at 1118 E Columbia Ave, Philadelphia, PA 19125, this single-level commercial office space totals 2,200 square feet and is ADA-accessible. The interior layout includes two private offices, a large conference room, and a bullpen area suitable for open workspace. A welcoming reception area features a 20' atrium overhead, complemented by central A/C. The suite also includes two bathrooms, a kitchenette, and clean basement storage.
The property is located steps from Girard Ave and SEPTA’s Girard Station, with access to public transportation, highways, and the Delaware Expressway for commuting throughout the city and surrounding areas.
Zoned RSA-5, with office use on file, the configuration supports a professional office environment.
The property is located steps from Girard Ave and SEPTA’s Girard Station, with access to public transportation, highways, and the Delaware Expressway for commuting throughout the city and surrounding areas.
Zoned RSA-5, with office use on file, the configuration supports a professional office environment.
Key Highlights
- 2,200 sq ft single‑level commercial office space at 1118 E Columbia Ave, Philadelphia (Fishtown)
- Reception area with a 20' atrium overhead, plus central A/C for year‑round comfort
- Layout includes 2 private offices, a large conference room, bullpen area, and a welcoming reception area
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 | $48.3k | $21.96 |
| − Vacancy | −$9.7k | −$4.41 |
| EGI | $38.6k | $17.55 |
| − OpEx | −$9.7k | −$4.39 |
| NOI | $29.0k | $13.16 |
2,200 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$413.6K
$361.9K – $482.5K
NOI $28,951 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$536.3K
$469.3K – $625.7K
NOI $37,543 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cairone & Kaupp, Inc.
Landscaping
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Single-level office space with a reception featuring a 20' atrium, plus private offices, conference room, and bullpen area.
Where is this office units located?
The property is located at 1118 E Columbia Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,200 sq ft single‑level commercial office space at 1118 E Columbia Ave, Philadelphia (Fishtown); Reception area with a 20' atrium overhead, plus central A/C for year‑round comfort; Layout includes 2 private offices, a large conference room, bullpen area, and a welcoming reception area
