Flex Space with Showroom
For Sale
Contact for pricing
1901 WASHINGTON AVENUE #2, Philadelphia, PA 19146
Unit 2 combines adaptable commercial space with approved retail showroom, storage, and light fitness uses.
Property Size2,879 SF
Price / SF$1.13
Days on Market99
Property Features for 1901 WASHINGTON AVENUE #2
General Information
Standard status
Active
Size
2,879 SF
Property subtype
Commercial
Zoning
I-2
Site & Location
Neighborhood
South Philadelphia
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
14 ft
Building Details
Year Built
1930
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Veronica Gintel Blum · License #RS290724
(215) 413-4900
Source:
Cummingsrealtors
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 3 at 6:35AM
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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Investment Insights
Based on property information with market context.
Unit 2 provides 2,879 SF of flex space within a building constructed in 1930. Ceiling heights range from 10 feet to 14 feet, supporting a versatile layout for the approved uses of retail showroom with storage or light fitness. The property carries I-2 zoning and offers a functional setting for commercial operations requiring a combination of open area and storage capacity.
Positioned along Washington Avenue in Philadelphia’s Graduate Hospital neighborhood, the space is near public transportation and provides access to I-76 and I-95. Its corridor setting places the unit within an established commercial environment while retaining the practical characteristics of a flex-oriented property.
Positioned along Washington Avenue in Philadelphia’s Graduate Hospital neighborhood, the space is near public transportation and provides access to I-76 and I-95. Its corridor setting places the unit within an established commercial environment while retaining the practical characteristics of a flex-oriented property.
Key Highlights
- 2,879 +/- SF of flex space in Unit 2
- 10' - 14' ceiling heights
- Approved retail showroom, storage, or light fitness uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,136
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,720
$422.7K
Cap Rate 7%
$301,943
$301.9K
Cap Rate 9%
$234,844
$234.8K
Market Conditions
NOI Build-Up for 2,879 SF
Gross rent
$32.8K $11.40/SF
− Vacancy
−$2.6K −$0.91/SF
EGI
$30.2K $10.49/SF
− OpEx
−$9.1K −$3.15/SF
NOI
$21.1K $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%
$422,720
Cap Rate 7%
$301,943
Cap Rate 9%
$234,844
Alternative Uses
Best Use
Flex RnD
$433.1K
$379.0K – $505.3K
NOI $30,316 @ 7.0% cap · market cap 935.97%
Second Best
Warehouse
$420.7K
$368.1K – $490.8K
NOI $29,448 @ 7.0% cap · market cap 909.17%
Theoretical Best
Multifamily LT 5
$701.9K
$614.1K – $818.8K
NOI $49,130 @ 7.0% cap · market cap 1,516.83%
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
14 ft
Clear height
Yes
Highway access
Yes
Paved road 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
Vacancy Rate% for Industrial in Philadelphia, PA
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- Tokio sushi truck — Broad and, Washington Ave, Philadelphia, PA 19147
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Frequently Asked Questions
What type of property is this?
Flex space - Unit 2 combines adaptable commercial space with approved retail showroom, storage, and light fitness uses.
Where is this flex space located?
The property is located at 1901 WASHINGTON AVENUE #2 Philadelphia, PA.
What are key features of this property?
This property features: 2,879 +/- SF of flex space in Unit 2; 10' - 14' ceiling heights; Approved retail showroom, storage, or light fitness uses
