Mixed-Use Property with Medical
1235 Vine Street Philadelphia, PA 19107
1235 Vine Street, Philadelphia, PA, 19107
$3,188,000
For Sale
$3,188,000
Ground-floor medical office with private rear garage parking, plus eight apartments on the upper floors.
Property Size12,700 SF
Price / SF$251.02
Days on Market243
Property Features for 1235 Vine Street
General Information
- Standard status
- Active
- Size
- 12,700 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2013
Listing agency
(267) 767-7612
Listed by
Liberty Real Estate
(267) 767-7612
Source
Xome
Added: Nov 21, 2025 Updated: Jul 20 at 5:38PM Checked: Jul 21 at 3:15AM
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 Liberty Real Estate
Investment Insights
Based on property information with market context.
This property consists of two mixed-use buildings. The ground floor was previously leased for retail and medical office use, and the medical office has since expanded to occupy the entire first floor. The first floor includes a private garage on the backside that can be used for approximately 1–2 car parking spaces, and the parking spaces are currently leased to the medical office. The medical office is described as a long-term tenant, with first right to buy included in the lease terms.
Above the medical office, there are 8 residential apartments on the 2nd and 3rd floors, including one bi-level unit. The apartment condition is described as above average, with room for further improvement.
The buildings are located next to the Convention Center and city administration buildings, and the seller notes that this area makes it easier to recruit tenants.
Above the medical office, there are 8 residential apartments on the 2nd and 3rd floors, including one bi-level unit. The apartment condition is described as above average, with room for further improvement.
The buildings are located next to the Convention Center and city administration buildings, and the seller notes that this area makes it easier to recruit tenants.
Key Highlights
- Mixed‑use property: ground‑floor medical office plus eight residential apartments on the 2nd and 3rd floors (including one bilevel unit)
- Medical office expanded to the whole first floor; leased to a long‑term tenant with first right to buy in the lease terms
- Private rear garage provides 1 to 2 car parking, with additional parking spaces leased to the medical office
Local Financial Insights For Apartment 5plus
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 | $385.6k | $30.36 |
| − Vacancy | −$22.4k | −$1.76 |
| EGI | $363.2k | $28.60 |
| − OpEx | −$163.4k | −$12.87 |
| NOI | $199.8k | $15.73 |
12,700 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.85M
$2.50M – $3.33M
NOI $199,765 @ 7.0% cap · market cap 6.27%
Second Best
Office B
$2.39M
$2.09M – $2.79M
NOI $167,126 @ 7.0% cap · market cap 5.24%
Theoretical Best
Multifamily LT 5
$3.10M
$2.71M – $3.61M
NOI $216,724 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Ground-floor medical office with private rear garage parking, plus eight apartments on the upper floors.
Where is this mixed-use property located?
The property is located at 1235 Vine Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,188,000.
What are key features of this property?
This property features: Mixed‑use property: ground‑floor medical office plus eight residential apartments on the 2nd and 3rd floors (including one bilevel unit); Medical office expanded to the whole first floor; leased to a long‑term tenant with first right to buy in the lease terms; Private rear garage provides 1 to 2 car parking, with additional parking spaces leased to the medical office
