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    2909-2913 Kensington Ave Philadelphia, PA 19134

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    Multi-story commercial building utilized as a medical office for sale.

    Property size:
    13,200 SF
    Lot size:
    0.16 Acres

    Property Features for 2909-2913 Kensington Ave

    General Information

    Size
    13,200 SF
    Lot size
    0.16 Acres

    Source: Binswanger - Corporate Agent Michael "Mike" Pennington

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Story Medical Office Building

    This multi-story commercial building is currently utilized as a medical office. The property is leased to a medical addiction treatment center. The lease for 2909-11 Kensington Avenue has a term of 5 years, expiring on May 31, 2026, and includes one renewal option for five years. The lease for 2913-15 Kensington Avenue has a term of 10 years, expiring on December 31, 2024, and includes two renewal options for 5 years. Rent escalations are 4% annually for 2909-11 Kensington Avenue and 3% annually for 2913-15 Kensington Avenue. The current annual rent for 2909-11 Kensington Avenue is $64,896, and for 2913-15 Kensington Avenue, it is $156,572.78, resulting in a combined annual rent of $221,468.78. The property is strategically located minutes from I-95 and the Betsy Ross Bridge, providing access to Center City Philadelphia and all major highways in the region. The property size is 13,200 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Similar Places Nearby

    Pet Health Center

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.119787
    Latitude
    39.9926466

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    FAQs

    What type of property is this?
    Medical office - Multi-story commercial building utilized as a medical office for sale.
    Where is this medical office located?
    The property is located at 2909-2913 Kensington Ave Philadelphia, PA.
    What are key features of this property?
    This property features: - Combined annual rent of $221,468.78.; - Multi-story commercial building with established tenants.; - Leases in place with rent escalations (4% and 3% annually).
    (215) 448-6091
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    2909-2913 Kensington Ave Philadelphia, PA 19134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2909-2913 Kensington Ave Philadelphia, PA 19134
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