Professional Office
1923-25 Grant Avenue Philadelphia, PA 19115
New
1923-25 Grant Avenue, Philadelphia, PA, 19115
$499,000
For Sale
$499,000
Office building offering multiple private offices, two restrooms, and flexible space well-suited for professional services.
Property Size1,344 SF
Price / SF$371.28
Days on Market7
Property Features for 1923-25 Grant Avenue
General Information
- Standard status
- Active
- Size
- 1,344 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1925
Listing agency
Global Hubs Realty Group, LLC
(215) 900-9386
Listed by
Ivy Zou · License #RS355936
(215) 900-9386
Source
Compass
Added: Jul 16 Updated: Jul 21 at 2:50PM Checked: Jul 22 at 8:00AM
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 Global Hubs Realty Group, LLC
Investment Insights
Based on property information with market context.
This professional office building offers approximately 1,344 square feet of versatile space with multiple private office rooms and two restrooms, supporting a range of professional uses. The layout is designed for organizations that need dedicated offices within a compact commercial footprint.
The property is located on Grant Avenue in Northeast Philadelphia, with convenient access to Roosevelt Boulevard (Route 1) and Bustleton Avenue. Its position provides drive-by visibility for client and employee access.
Suitable for an owner-user seeking to establish or expand operations, or for an investor looking for a professional office asset in an established area, the building’s configuration centers on private office functionality and day-to-day usability.
The property is located on Grant Avenue in Northeast Philadelphia, with convenient access to Roosevelt Boulevard (Route 1) and Bustleton Avenue. Its position provides drive-by visibility for client and employee access.
Suitable for an owner-user seeking to establish or expand operations, or for an investor looking for a professional office asset in an established area, the building’s configuration centers on private office functionality and day-to-day usability.
Key Highlights
- Professional office building with approximately 1,344 SF of versatile space
- Layout includes multiple private office rooms and 2 restrooms
- Year built: 1925
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 | $29.5k | $21.96 |
| − Vacancy | −$5.9k | −$4.41 |
| EGI | $23.6k | $17.55 |
| − OpEx | −$5.9k | −$4.39 |
| NOI | $17.7k | $13.16 |
1,344 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$252.7K
$221.1K – $294.8K
NOI $17,686 @ 7.0% cap · market cap 3.54%
Second Best
Healthcare Medical
$248.8K
$217.7K – $290.3K
NOI $17,418 @ 7.0% cap · market cap 3.49%
Theoretical Best
Multifamily LT 5
$327.6K
$286.7K – $382.3K
NOI $22,935 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building offering multiple private offices, two restrooms, and flexible space well-suited for professional services.
Where is this office building located?
The property is located at 1923-25 Grant Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Professional office building with approximately 1,344 SF of versatile space; Layout includes multiple private office rooms and 2 restrooms; Year built: 1925
