Professional Office
1923 -25 Grant Ave Philadelphia, PA 19115
1923 -25 Grant Ave, Philadelphia, PA, 19115
$499,000
For Sale
$499,000
Versatile office layout with multiple private rooms and two restrooms.
Property Size1,344 SF
Price / SF$371.28
Days on Market8
Property Features for 1923 -25 Grant Ave
General Information
- Standard status
- Active
- Size
- 1,344 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agency
GLOBAL HUBS REALTY GROUP, LLC
(215) 827-0035
Listed by
IVY ZOU · License #RS355936
Source
Corcoran
Added: Jul 15 Updated: Jul 22 at 6:48AM Checked: Jul 22 at 6:48AM
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 indoor space configured with multiple private office rooms and two restrooms. The layout is designed to support a range of professional service uses where separated rooms and dedicated restroom facilities are important.
Located at 1923-25 Grant Ave in Northeast Philadelphia, the property is positioned for strong visibility and convenient access to major nearby routes, including Roosevelt Blvd (Route 1) and Bustleton Ave.
For an owner-user or investor, this is a straightforward office asset with a functional room configuration already in place, suitable for companies looking for an established professional layout.
Located at 1923-25 Grant Ave in Northeast Philadelphia, the property is positioned for strong visibility and convenient access to major nearby routes, including Roosevelt Blvd (Route 1) and Bustleton Ave.
For an owner-user or investor, this is a straightforward office asset with a functional room configuration already in place, suitable for companies looking for an established professional layout.
Key Highlights
- Professional office building built in 1925
- Approx. 1,344 SF versatile office space with multiple private office rooms
- Includes 2 restrooms
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
—
—
no second resolved use
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
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FAQs
What type of property is this?
Office building - Versatile office layout with multiple private rooms and two restrooms.
Where is this office building located?
The property is located at 1923 -25 Grant Ave 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 built in 1925; Approx. 1,344 SF versatile office space with multiple private office rooms; Includes 2 restrooms
