Dual-Frontage Flex
1328 S 20th St Philadelphia, PA 19130
1328 S 20th St, Philadelphia, PA, 19130
$595,000
For Sale
$595,000
Two-level masonry flex building with two drive-in doors and usable upper space, built in 1923.
Property Size1,426 SF
Price / SF$417.25
Days on Market35
Property Features for 1328 S 20th St
General Information
- Standard status
- Active
- Size
- 1,426 SF
Listing agency
Keller Williams Main Line
(267) 780-3419
Listed by
Jon M O'Shea · License #ab069634
(267) 780-3419
Source
Exprealty
Added: Jun 18 Updated: Jul 21 at 12:12PM Checked: Jul 22 at 9:00AM
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 Keller Williams Main Line
Investment Insights
Based on property information with market context.
This rare dual-frontage flex building is a two-level masonry structure built in 1923. The ground level includes two drive-in doors plus space suited for garage, storage, or light-industrial use. An upper level provides additional usable area that can support office or studio needs. The building is served by public water and sewer and uses gas heat.
The property is accessed from two streets, with drive-in entry on S. 20th St and S. Woodstock. The site is zoned ICMX (Industrial Commercial Mixed-Use) with RSA-5 residential underlying the block. There is no on-site parking, though street parking is available.
Because zoning and permitted uses can vary by condition and confirmation requirements, buyers should independently verify building area, zoning, and permitted uses.
The property is accessed from two streets, with drive-in entry on S. 20th St and S. Woodstock. The site is zoned ICMX (Industrial Commercial Mixed-Use) with RSA-5 residential underlying the block. There is no on-site parking, though street parking is available.
Because zoning and permitted uses can vary by condition and confirmation requirements, buyers should independently verify building area, zoning, and permitted uses.
Key Highlights
- Rare dual‑frontage flex building in Point Breeze with drive‑in access on S. 20th and S. Woodstock
- 1,426± SF two‑level masonry structure built in 1923 with usable upper level for office or studio
- Two drive‑in doors plus ground‑level garage, storage, or light‑industrial space
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 | $31.3k | $21.96 |
| − Vacancy | −$6.3k | −$4.41 |
| EGI | $25.0k | $17.55 |
| − OpEx | −$6.3k | −$4.39 |
| NOI | $18.8k | $13.16 |
1,426 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$268.1K
$234.6K – $312.8K
NOI $18,765 @ 7.0% cap · market cap 3.15%
Second Best
Flex RnD
$214.5K
$187.7K – $250.3K
NOI $15,016 @ 7.0% cap · market cap 2.52%
Theoretical Best
Multifamily LT 5
$347.6K
$304.2K – $405.6K
NOI $24,335 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- momma's boy kitchen — 2400 Federal St, Philadelphia, PA 19146
- Let’s Get it Crackin — Morris St and, Point Breeze Ave, Philadelphia, PA 19145
- Philadelphia Catering Company — 2019 S 26th St, Philadelphia, PA 19145
- Chef's Table Catering — 2900 Grays Ferry Ave, Philadelphia, PA 19146
- Tokio sushi truck — Broad and, Washington Ave, Philadelphia, PA 19147
FAQs
What type of property is this?
Flex space - Two-level masonry flex building with two drive-in doors and usable upper space, built in 1923.
Where is this flex space located?
The property is located at 1328 S 20th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Rare dual‑frontage flex building in Point Breeze with drive‑in access on S. 20th and S. Woodstock; 1,426± SF two‑level masonry structure built in 1923 with usable upper level for office or studio; Two drive‑in doors plus ground‑level garage, storage, or light‑industrial space
