Second-Floor Office
1810 GRANT AVENUE, Philadelphia, PA 19115
For Sale
Contact for pricing
Open commercial workspace with private offices, reception, kitchen, bathroom, central air, and shared off-street parking.
Property Size2,500 SF
Price / SF$1.20
Days on Market57
Property Features for 1810 GRANT AVENUE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Road Access
Additional Details
Floor
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Anchor Realty Northeast
(215) 333-1116
Listed By:
Leonard Mogil · License PA RS290363
(267) 632-8205
Source:
Cummingsrealtors
Added: Sep 19
Changed: Nov 12
Last Checked: Nov 12 at 8:12AM
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 Anchor Realty Northeast
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The entire second floor of a standalone commercial building provides approximately 2,500 square feet of office space. The layout includes a large open central area, reception space, kitchen, bathroom, and four enclosed offices. Central air conditioning serves the premises.
The property occupies a corner at Grant Avenue and Bustleton Avenue in Philadelphia’s Far Northeast. Shared parking is available in the side lot, with a pet clinic operating on the first floor of the building.
The property occupies a corner at Grant Avenue and Bustleton Avenue in Philadelphia’s Far Northeast. Shared parking is available in the side lot, with a pet clinic operating on the first floor of the building.
Key Highlights
- Approximately 2,500 square feet occupying the full second floor
- Four enclosed offices plus an open central workspace
- Reception area, kitchen, and bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,899
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,980
$658.0K
Cap Rate 7%
$469,986
$470.0K
Cap Rate 9%
$365,544
$365.5K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.9K $21.96/SF
− Vacancy
−$11.0K −$4.41/SF
EGI
$43.9K $17.55/SF
− OpEx
−$11.0K −$4.39/SF
NOI
$32.9K $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%
$657,980
Cap Rate 7%
$469,986
Cap Rate 9%
$365,544
Alternative Uses
Best Use
Office B
$470.0K
$411.2K – $548.3K
NOI $32,899 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$609.5K
$533.3K – $711.0K
NOI $42,662 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
Business Placement
Demographics for 19115, PA
35,919
Population
15,071
Households
2.4
Avg Household Size
44
Median Age
37%
College-Educated
92%
High-School Grad
5.2 sq mi
ZIP Area
6,908
Density / Sq Mi
$70,388
Median Household Income
$48,949
Median Earnings
$1,230
Median Rent
$330,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Philadelphia, PA
Properties on Market for Office Units in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - Open commercial workspace with private offices, reception, kitchen, bathroom, central air, and shared off-street parking.
Where is this office unit located?
The property is located at 1810 GRANT AVENUE Philadelphia, PA.
What are key features of this property?
This property features: Approximately 2,500 square feet occupying the full second floor; Four enclosed offices plus an open central workspace; Reception area, kitchen, and bathroom included
