Multi-Level Medical Office
For Sale
Contact for pricing
2310 E ALLEGHENY AVENUE, Philadelphia, PA 19134
Established clinical layout with reception, treatment rooms, administrative offices, and adaptable upper-level workspace.
Property Size1,440 SF
Price / SF$2.08
Days on Market51
Property Features for 2310 E ALLEGHENY AVENUE
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Commercial
Site & Location
Neighborhood
Kensington
Building Details
Year Built
1910
Listing Agency:
Coldwell Banker Realty
(215) 923-7600
Listed By:
Tim Brogan · License #RS314019
(215) 620-9341
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 7:32AM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Located at 2310 E Allegheny Avenue in Philadelphia, this 1,440 SF medical office property was built in 1910 and includes several functional levels. The main floor features a reception and waiting area with built-in workstations, a centrally located nurse’s station, half bath, multiple treatment or examination rooms, and private administrative offices.
The upper level adds a full kitchen, full bathroom, and two multipurpose rooms that can support office, conference, or staff functions. A full unfinished basement provides additional space for file storage, equipment, and organizational needs. The existing layout is suited to medical operations while allowing adaptation for professional office use.
The upper level adds a full kitchen, full bathroom, and two multipurpose rooms that can support office, conference, or staff functions. A full unfinished basement provides additional space for file storage, equipment, and organizational needs. The existing layout is suited to medical operations while allowing adaptation for professional office use.
Key Highlights
- 1,440 SF medical office property at 2310 E Allegheny Avenue, Philadelphia, PA 19134
- Main level includes reception, built‑in workstations, nurse’s station, half bath, treatment rooms, and private offices
- Upper level has a full kitchen, full bathroom, and two multipurpose rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,662
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,240
$373.2K
Cap Rate 7%
$266,600
$266.6K
Cap Rate 9%
$207,356
$207.4K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$34.6K $24.00/SF
− Vacancy
−$3.5K −$2.40/SF
EGI
$31.1K $21.60/SF
− OpEx
−$12.4K −$8.64/SF
NOI
$18.7K $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%
$373,240
Cap Rate 7%
$266,600
Cap Rate 9%
$207,356
Alternative Uses
Best Use
Office B
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 631.67%
Second Best
Healthcare Medical
$266.6K
$233.3K – $311.0K
NOI $18,662 @ 7.0% cap · market cap 622.07%
Theoretical Best
Multifamily LT 5
$351.0K
$307.2K – $409.6K
NOI $24,573 @ 7.0% cap · market cap 819.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,351
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
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Market
Vacancy Rate% for Office in Philadelphia, PA
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established clinical layout with reception, treatment rooms, administrative offices, and adaptable upper-level workspace.
Where is this medical office space located?
The property is located at 2310 E ALLEGHENY AVENUE Philadelphia, PA.
What are key features of this property?
This property features: 1,440 SF medical office property at 2310 E Allegheny Avenue, Philadelphia, PA 19134; Main level includes reception, built‑in workstations, nurse’s station, half bath, treatment rooms, and private offices; Upper level has a full kitchen, full bathroom, and two multipurpose rooms
