Three-Story Office Building with Roof
141 LEAGUE Street, Philadelphia, PA 19147
For Sale
$1,650,000
Commercial Sale, PHILADELPHIA, PA
Property Size10,206 SF
Lot Size0.08 Acres
Price / SF$161.67
Days on Market100
Property Features for 141 LEAGUE Street
General Information
Property type
Property subtype
Parking features
Elementary school district
Middle school district
High school district
Standard status
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
private roof deck
Building Details
Year built
Building materials
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Jon M O'Shea · License PA AB069634
(267) 780-3419
Added: Aug 5
Changed: Aug 19
Last Checked: Nov 12 at 9:06AM
MLS# PAPH2656420
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1900, this three-story masonry office building contains 10,206 SF and features a distinctive pedimented facade, oversized industrial windows, a private roof deck, and a full passenger elevator. Central air, heat-pump heating, and on-street parking support the property’s current office configuration.
The building is located at 141 League Street in Philadelphia’s Queen Village, on a quiet side street one block from Front Street. I-95 is approximately 0.1 mile away, providing convenient regional access. The property is fully leased to two tenants, including a creative publisher occupying floors 1 and 2 and a salon on the third floor. Both leases expire 1/31/2028, and 5,800 SF, or 57% of the building, is identified for potential owner-user occupancy.
The building is located at 141 League Street in Philadelphia’s Queen Village, on a quiet side street one block from Front Street. I-95 is approximately 0.1 mile away, providing convenient regional access. The property is fully leased to two tenants, including a creative publisher occupying floors 1 and 2 and a salon on the third floor. Both leases expire 1/31/2028, and 5,800 SF, or 57% of the building, is identified for potential owner-user occupancy.
Key Highlights
- 10,206 SF, three‑story masonry office building constructed in 1900
- 100% leased to two long‑standing tenants with leases expiring 1/31/2028
- 5,800 SF, or 57% of the building, identified for owner‑user occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,306
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,686,120
$2.7M
Cap Rate 7%
$1,918,657
$1.9M
Cap Rate 9%
$1,492,289
$1.5M
Market Conditions
NOI Build-Up for 10,206 SF
Gross rent
$224.1K $21.96/SF
− Vacancy
−$45.0K −$4.41/SF
EGI
$179.1K $17.55/SF
− OpEx
−$44.8K −$4.39/SF
NOI
$134.3K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,686,120
Cap Rate 7%
$1,918,657
Cap Rate 9%
$1,492,289
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,306 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.49M
$2.18M – $2.90M
NOI $174,164 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,943
Businesses Nearby
Explore this area
Business Placement
Demographics for 19147, PA
41,096
Population
20,735
Households
2
Avg Household Size
36
Median Age
69%
College-Educated
93%
High-School Grad
1.3 sq mi
ZIP Area
31,612
Density / Sq Mi
$104,190
Median Household Income
$71,905
Median Earnings
$1,679
Median Rent
$524,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Philadelphia, PA
Properties on Market for Office buildings in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office building - Masonry construction with a private roof deck, passenger elevator, and occupancy by two established tenants.
Where is this office building located?
The property is located at 141 LEAGUE Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 10,206 SF, three‑story masonry office building constructed in 1900; 100% leased to two long‑standing tenants with leases expiring 1/31/2028; 5,800 SF, or 57% of the building, identified for owner‑user occupancy
