Two-Story Corner Office
2149 South 3rd Street Philadelphia, PA 19148
2149 South 3rd Street, Philadelphia, PA, 19148
$399,000
For Sale
$399,000
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 Market745
Property Features for 2149 South 3rd Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2000
Listing agency
BHHS Fox & Roach-Center City Walnut
(215) 266-1537
Listed by
Patrick M Conway · License #RS217990L
(215) 266-1537
Source
Compass
Added: Jul 8, 2024 Updated: Jul 21 at 4:49PM Checked: Jul 22 at 10:52AM
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 BHHS Fox & Roach-Center City Walnut
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
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 | $43.9k | $21.96 |
| − Vacancy | −$8.8k | −$4.41 |
| EGI | $35.1k | $17.55 |
| − OpEx | −$8.8k | −$4.39 |
| NOI | $26.3k | $13.16 |
2,000 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
IBEW
Advocacy Group
Union Services Access
Association Or Organization
Similar For Sale Nearby
FAQs
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 South 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
