Creative Office/Flex Warehouse
2025 Washington Ave, Philadelphia, PA 19146
For Sale
Contact for pricing
Creative office or flex warehouse space, renovated in 2012-2013.
Property Size21,646 SF
Price / SF$161.65
Days on Market820
Property Features for 2025 Washington Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Occupancy
Lease Type
Site & Location
Neighborhood
Building Details
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Scott Realty Group LLC
Listed By:
Scott Campanile · License PA RM421081
(610) 637-1039
Source:
Crexi
Added: Aug 15, 2024
Changed: Oct 31
Last Checked: Nov 12 at 7:56AM
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 Scott Realty Group LLC
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Investment Insights
Based on property information with market context.
This property presents a user-buyer opportunity in a creative office area, suitable for contractors, engineers, and art studios. It can also serve as a flex warehouse or office location. The building was fully rebuilt and renovated in 2012-2013 and is equipped with a sprinkler system and an elevator. The property offers massive electrical service. An additional 12,200 square feet of warehouse space adjacent to this property is available for lease, potentially creating a total of 38,846 square feet.
Key Highlights
- Fully rebuilt and renovated in 2012‑2013
- Great creative office area suitable for contractors, engineers, art studios, or flex warehouse/office
- Massive electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$284,851
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,697,020
$5.7M
Cap Rate 7%
$4,069,300
$4.1M
Cap Rate 9%
$3,165,011
$3.2M
Market Conditions
NOI Build-Up for 21,646 SF
Gross rent
$475.3K $21.96/SF
− Vacancy
−$95.5K −$4.41/SF
EGI
$379.8K $17.55/SF
− OpEx
−$95.0K −$4.39/SF
NOI
$284.9K $13.16/SF
Area
Philadelphia, PA
Vacancy
20.10%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,697,020
Cap Rate 7%
$4,069,300
Cap Rate 9%
$3,165,011
Alternative Uses
Best Use
Office B
$4.07M
$3.56M – $4.75M
NOI $284,851 @ 7.0% cap · market cap 8.14%
Second Best
Flex RnD
$3.26M
$2.85M – $3.80M
NOI $227,932 @ 7.0% cap · market cap 6.51%
Theoretical Best
Multifamily LT 5
$5.28M
$4.62M – $6.16M
NOI $369,387 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,809
Businesses Nearby
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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
$452,200
Median Home Value
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Market
Average Price Trend$/SF for Creative space in Philadelphia, PA
Properties on Market for Creative space in Philadelphia
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Creative space - Creative office or flex warehouse space, renovated in 2012-2013.
Where is this creative space located?
The property is located at 2025 Washington Ave Philadelphia, PA.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Fully rebuilt and renovated in 2012‑2013; Great creative office area suitable for contractors, engineers, art studios, or flex warehouse/office; Massive electrical service
