Two-Story Corner Office
For Sale
$399,000
2149 S 3Rd Street, Philadelphia, PA 19148
Two-story corner office building with large window-lined work areas, two powder rooms, and a finished basement with storage.
Property Size2,000 SF
Price / SF$199.50
Days on Market780
Property Features for 2149 S 3Rd Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Multi-Family
Zoning
RSA5
Site & Location
Neighborhood
Whitman
Taxes and HOA fees
Annual Taxes
$4,217
Amenities
Full
Electric
Yes
No
Estimated
No Pool
Public
DB0
16.00 x 68.00
0.03
Assessor
On Street
Stone
60260.00
Building Details
Building Size
2,000 SF
Year Built
2000
Stories
2
Listing Agency:
Keller Williams Capital Properties
(856) 222-0077
Listed By:
Francis Brennan
Source:
Thetristaterealestategroup
Added: Sep 6, 2024
Changed: Oct 6
Last Checked: Oct 24 at 3:16PM
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 Keller Williams Capital Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This expansive two-story corner building offers versatile office space in a layout designed for a variety of uses. The first floor features a sitting room and a spacious workstation, followed by a hallway with a wall of windows. From there, the space includes a fully equipped kitchen, a large powder room, and a private rear office.
The second level provides an entirely open layout surrounded by windows for natural light, along with a kitchenette, another powder room, and a generous rear office area. A finished basement adds additional flexible space and includes ample storage options to support day-to-day operations.
The property is located in Philadelphia, with an RSA 5 - Residential zoning designation noted in the listing information.
The second level provides an entirely open layout surrounded by windows for natural light, along with a kitchenette, another powder room, and a generous rear office area. A finished basement adds additional flexible space and includes ample storage options to support day-to-day operations.
The property is located in Philadelphia, with an RSA 5 - Residential zoning designation noted in the listing information.
Key Highlights
- Two‑story corner office building built in 2000 with over 2,000 sq ft of versatile space
- Zoned RSA 5 – Residential and features ramp accessibility on the main level
- First floor includes sitting room, spacious workstation, wall of windows, fully equipped kitchen, powder room, and private rear office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,319
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,380
$526.4K
Cap Rate 7%
$375,986
$376.0K
Cap Rate 9%
$292,433
$292.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.9K $21.96/SF
− Vacancy
−$8.8K −$4.41/SF
EGI
$35.1K $17.55/SF
− OpEx
−$8.8K −$4.39/SF
NOI
$26.3K $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%
$526,380
Cap Rate 7%
$375,986
Cap Rate 9%
$292,433
Alternative Uses
Best Use
Office B
$376.0K
$329.0K – $438.7K
NOI $26,319 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$487.6K
$426.6K – $568.8K
NOI $34,130 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 19148, PA
53,976
Population
22,944
Households
2.4
Avg Household Size
36
Median Age
39%
College-Educated
85%
High-School Grad
4.2 sq mi
ZIP Area
12,851
Density / Sq Mi
$80,469
Median Household Income
$50,067
Median Earnings
$1,492
Median Rent
$296,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office building - Two-story corner office building with large window-lined work areas, two powder rooms, and a finished basement with storage.
Where is this office building located?
The property is located at 2149 S 3Rd Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑story corner office building built in 2000 with over 2,000 sq ft of versatile space; Zoned RSA 5 – Residential and features ramp accessibility on the main level; First floor includes sitting room, spacious workstation, wall of windows, fully equipped kitchen, powder room, and private rear office
