Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    220-222 Church St, Unit GROUND Philadelphia, PA 19106

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office or retail space in a prime Old City location.

    Lot size:
    0.24 Acres

    Property Features for 220-222 Church St

    General Information

    Standard status
    Active
    Lot size
    0.24 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Billy Creagh
    Source: Exitrealty

    Listing Agency: National Realty Old City LLC - PA Listing Agent: Billy Creagh

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

    Learn more

    Overview

    Old City Office/Retail Space

    This property offers office or retail space featuring exposed brick, situated in a prime location within Old City. The basement provides accessibility for plumbing and electrical work as needed. Located on a cobblestone street shared with historic Christ's Church, the property benefits from a notable backdrop. It is strategically positioned steps from 2nd and Market Streets and 3rd and Market Streets. Parking options are available around Church Street and in the immediate vicinity. The location also features a dog park.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.144599
    Latitude
    39.950577

    Nearby Similar for Lease

    • New
      $5,600 /Mo
      2,178 SF

      Pine Street Commercial Space Available

      Renovated commercial space in Washington Square West's Antique Row.
      1108 Pine St, Philadelphia, PA 19107
      View Details
    • New
      $2,000 /Mo
      1,307 SF

      Germantown Ave Retail/Office Space

      Retail or office space available on Germantown Avenue.
      6761 Germantown Ave, Philadelphia, PA 19119
      View Details
    • New
      $2,200 /Mo
      1,307 SF

      Germantown Avenue Retail/Office Space

      Two-level retail/office space in Philadelphia's Germantown neighborhood.
      6761 Germantown Ave, Philadelphia, PA 19119
      View Details
    • New
      $2,000 /Mo
      871 SF

      Retail Space on South Street

      700 SF retail space in vibrant Philadelphia neighborhood.
      341 South St, Philadelphia, PA 19147
      View Details
    • $1,350 /Mo

      Professional Office Space Available

      Well-maintained office space in a convenient Philadelphia location.
      10065-67 Sandmeyer Ln, Philadelphia, PA 19116
      View Details
    • $7,950 /Mo
      10,019 SF

      Restaurant Space on Frankford Avenue

      2,609 RSF restaurant space available for lease.
      965-977 Frankford Ave, Philadelphia, PA 19125
      View Details
    • $4,000 /Mo
      4,792 SF

      Philadelphia Office/Retail Space Available

      Turn-key office/retail space near Temple University and public transit.
      2304 N Broad St, Philadelphia, PA 19132
      View Details
    • $3,333 /Mo
      17,424 SF

      Renovated Office Space Available

      Recently renovated office space with modern amenities for lease.
      3317-41 Gaul St, Philadelphia, PA 19134
      View Details
    • $4,693 /Mo
      20,473 SF

      New Retail Space For Lease

      New construction retail space in booming Philadelphia location.
      1314 Spring Garden St, Philadelphia, PA 19123
      View Details
    • $7,502 /Mo
      24,394 SF

      New Retail Space in Philadelphia

      New construction retail space in Olde Kensington for lease.
      1222 N 2Nd St, Philadelphia, PA 19122
      View Details
    • $4,167 /Mo
      6,534 SF

      Prime Corner Retail Space Available

      2,000 SF corner retail space in vibrant Mt. Airy.
      7167 Germantown Ave, Philadelphia, PA 19119
      View Details
    • $2,350 /Mo
      1,307 SF

      Retail/Office Space in Philadelphia

      Ground floor retail/office space in a growing Philadelphia neighborhood.
      2737 W Girard Ave, Philadelphia, PA 19130
      View Details

    FAQs

    What type of property is this?
    Office units - Office or retail space in a prime Old City location.
    Where is this office units located?
    The property is located at 220-222 Church St, Unit GROUND Philadelphia, PA.
    What are key features of this property?
    This property features: - Prime location in Old City, steps from 2nd and Market & 3rd and Market Streets.; - Exposed brick interior, offering a desirable aesthetic.; - Located on a cobblestone street shared with historic Christ's Church, providing a unique backdrop.
    (215) 625-3989
    Request Owner's contact information
    220-222 Church St, Unit GROUND Philadelphia, PA 19106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    220-222 Church St, Unit GROUND
    Philadelphia, PA 19106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    220-222 Church St, Unit GROUND Philadelphia, PA 19106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Billy Creagh
    Real Estate License ID: RM424688
    (215) 625-3989
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!