First-Floor Medical Office
2000 GRANT AVENUE, Philadelphia, PA 19115
For Sale
New
Contact for pricing
An ADA-accessible clinical suite includes a reception area, exam rooms, private offices, and support space.
Property Size2,181 SF
Price / SF$2.17
Days on Market7
Property Features for 2000 GRANT AVENUE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Floor
Office Units
Property Use
Building Details
Year Built
Tenancy
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Francis J Emig · License PA RS289586
(610) 225-7400
Source:
Cummingsrealtors
Added: Nov 8
Changed: Nov 12
Last Checked: Nov 12 at 8:07AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Set on the first floor of a multi-tenant healthcare building constructed in 2010, this 2,181-square-foot medical office condominium has an established clinical layout. The suite includes three exam rooms, multiple private offices, a waiting and reception area, two restrooms, a break room, and storage and support space. It is ADA accessible and offered in its current condition, with certain finishes and improvements available for customization.
Key Highlights
- 2,181‑square‑foot medical office condominium
- Three exam rooms and multiple private offices
- First‑floor suite in a multi‑tenant healthcare building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,266
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,320
$565.3K
Cap Rate 7%
$403,800
$403.8K
Cap Rate 9%
$314,067
$314.1K
Market Conditions
NOI Build-Up for 2,181 SF
Gross rent
$52.3K $24.00/SF
− Vacancy
−$5.2K −$2.40/SF
EGI
$47.1K $21.60/SF
− OpEx
−$18.8K −$8.64/SF
NOI
$28.3K $12.96/SF
Area
Philadelphia, PA
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,320
Cap Rate 7%
$403,800
Cap Rate 9%
$314,067
Alternative Uses
Best Use
Office B
$410.0K
$358.8K – $478.4K
NOI $28,701 @ 7.0% cap
Second Best
Healthcare Medical
$403.8K
$353.3K – $471.1K
NOI $28,266 @ 7.0% cap
Theoretical Best
Multifamily LT 5
$531.7K
$465.2K – $620.3K
NOI $37,219 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,642
Businesses Nearby
Under-served
Demand for This Use
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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
$330,500
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Philadelphia, PA
Properties on Market for Medical Office Space in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - An ADA-accessible clinical suite includes a reception area, exam rooms, private offices, and support space.
Where is this medical office space located?
The property is located at 2000 GRANT AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 2,181‑square‑foot medical office condominium; Three exam rooms and multiple private offices; First‑floor suite in a multi‑tenant healthcare building
