Flex Space with Showroom
1901 WASHINGTON AVENUE #1, Philadelphia, PA 19146
For Sale
Contact for pricing
I-2-zoned space supports office, showroom, storage, or light fitness uses.
Property Size3,029 SF
Price / SF$1.12
Days on Market107
Property Features for 1901 WASHINGTON AVENUE #1
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Building Details
Year Built
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Gintel Blum · License PA RS290724
(215) 413-4900
Source:
Cummingsrealtors
Added: Jul 29
Changed: Nov 12
Last Checked: Nov 12 at 8:08AM
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
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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.
Unit 1 provides 3,029 +/- SF of flex space within a 1930 commercial building. Ceiling heights range from 10' to 14', supporting a mix of office, retail showroom, storage, and light fitness functions. The approved use profile gives the space a practical blend of customer-facing and operational utility.
The property is positioned along Washington Avenue in Philadelphia’s Graduate Hospital neighborhood. Public transportation is nearby, with connections to I-76 and I-95 providing regional access. I-2 zoning further defines the property’s current land-use framework.
The property is positioned along Washington Avenue in Philadelphia’s Graduate Hospital neighborhood. Public transportation is nearby, with connections to I-76 and I-95 providing regional access. I-2 zoning further defines the property’s current land-use framework.
Key Highlights
- Unit 1 offers 3,029 +/- SF of flex space
- Ceiling heights range from 10' - 14'
- I‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,238
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,760
$444.8K
Cap Rate 7%
$317,686
$317.7K
Cap Rate 9%
$247,089
$247.1K
Market Conditions
NOI Build-Up for 3,029 SF
Gross rent
$34.5K $11.40/SF
− Vacancy
−$2.8K −$0.91/SF
EGI
$31.8K $10.49/SF
− OpEx
−$9.5K −$3.15/SF
NOI
$22.2K $7.34/SF
Area
Philadelphia, PA
Vacancy
8.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$444,760
Cap Rate 7%
$317,686
Cap Rate 9%
$247,089
Alternative Uses
Best Use
Flex RnD
$455.6K
$398.7K – $531.6K
NOI $31,895 @ 7.0% cap
Second Best
Warehouse
$442.6K
$387.3K – $516.4K
NOI $30,982 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$738.4K
$646.1K – $861.5K
NOI $51,690 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,619
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Philadelphia, PA
Properties on Market for Flex space in Philadelphia
Vacancy Rate% for Industrial in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Flex space - I-2-zoned space supports office, showroom, storage, or light fitness uses.
Where is this flex space located?
The property is located at 1901 WASHINGTON AVENUE #1 Philadelphia, PA.
What are key features of this property?
This property features: Unit 1 offers 3,029 +/- SF of flex space; Ceiling heights range from 10' - 14'; I‑2 zoning
