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Built-Out Office Space
For Lease
$25 SF/Yr

3645 Lancaster Ave, Philadelphia, PA 19104

Office unit with basement space and flexibility for retail, fitness, medical, or neighborhood market uses.

Space Size2,011 SF
Days on Market28

Property Features for 3645 Lancaster Ave

General Information

Standard status Active
Size 2,011 SF
Net Rentable 2,011 SF
Lease Type NNN

Space & Availability

Available Space 2,011 SF
Contiguous Space 2,011 SF
Space Use Office

Lease Terms

Lease Rate $25 /USD/SF/YR
Monthly Rent $4,189
Rent per SF/Year $25

Additional Details

Public Transit Yes

Building Details

Year Built 1900
Listing Agency: Mallin Panchelli Nadel Realty Inc
Listed By: Veronica Gintel Blum · License #RS290724
Source: Premierehomegroup
Added: Aug 2 Changed: Aug 28 Last Checked: Aug 25 at 5:20AM

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 Mallin Panchelli Nadel Realty Inc

Investment Insights

Based on property information with market context.

Located at 3645 Lancaster Ave in Philadelphia, Unit 1 provides 1,789 +/- SF of office space along with a 222 +/- SF basement. The space is currently configured for office use, with stated potential for a neighborhood market, light retail, fitness, or medical office operation. The building dates to 1900.

The property sits behind the University City development along Market Street, a mixed-use project comprising 10.5 million square feet across 15 existing and 10 newly constructed buildings, with a hotel tower planned. University City is across the Schuylkill River from Center City and includes the University of Pennsylvania, Drexel University, and the University City campus of Saint Joseph’s University. Nearby institutional and transportation context includes medical and research facilities associated with Penn and Drexel, as well as 30th Street Station.

Key Highlights

  • 1,789 +/- SF office unit with an additional 222 +/- SF basement
  • Currently configured as office space
  • Potential uses include neighborhood market, light retail, fitness, and medical office

Property Analytics

Current Use

Al-Bustan Seeds of Culture Charitable Organization The Hacktory High School

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Furniture & Home Goods Auto Parts Store Butcher Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,231
Businesses Nearby

Demographics for 19104, PA

56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value

Market

Lease Benchmarks for Philadelphia, PA

$20.19 /SF/Yr
Avg Asking Price
$6.31–$47.14 /SF/Yr
Price Range
12,125 SF
Avg Space Size

This space is priced 24% above the average of $20.19 /SF/Yr.

Vacancy Rate% for Office in Philadelphia, PA

14.2% 2019
14.1% 2020
16.2% 2021
19% 2022
20.5% 2023
19.6% 2024
19.7% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office unit with basement space and flexibility for retail, fitness, medical, or neighborhood market uses.
Where is this office units located?
The property is located at 3645 Lancaster Ave Philadelphia, PA.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: 1,789 +/- SF office unit with an additional 222 +/- SF basement; Currently configured as office space; Potential uses include neighborhood market, light retail, fitness, and medical office
More about this property
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