3-Story School/Office
2337 S 13Th Street Philadelphia, PA 19148
2337 S 13Th Street, Philadelphia, PA, 19148
$1,074,999
For Sale
$1,074,999
Commercially zoned building with central air, patio, multiple entrances, and three restrooms for school, office, or medical use.
Property Size4,896 SF
Price / SF$219.57
Days on Market1407
Property Features for 2337 S 13Th Street
General Information
- Standard status
- Active
- Size
- 4,896 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1940
Listing Agency
Blue Casa
(856) 222-0077
Listed by
Francis Brennan
Source
Thetristaterealestategroup
Added: Sep 10, 2022 Checked: Jul 17 at 3:41 am
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 Blue Casa
Investment Insights
Based on property information with market context.
This 3-story commercial building is set on a visible double-wide corner lot and features a reception area sized for arriving guests, an open-air patio overlooking a courtyard, and an expansive 4-level layout. The interior includes several entrances, large rooms that support open floor plan arrangements, space for a break room, and abundant storage. Multiple restrooms are available with three total, and the building is equipped with central air conditioning. Updated mechanicals and excellent interior cosmetics help reduce near-term work for an incoming operator.
The property is commercially zoned for school use, with the ability to pursue a use change for other business types. It is located across from Methodist hospital and medical offices, offering a built-in connection to a health-related tenant and visitor base. Client access is described as convenient, with nearby subway and bus connections.
For tenants, buyers, and operators, the configuration supports professional services, education, and specialty programming that benefits from multiple rooms, storage, and several access points. The existing layout also provides a straightforward platform for an office or medical facility, or for an owner-operator looking to operate a school and manage daily operations on-site. The building’s living quarters conversion possibility is noted in the remarks, subject to required approvals.
The property is commercially zoned for school use, with the ability to pursue a use change for other business types. It is located across from Methodist hospital and medical offices, offering a built-in connection to a health-related tenant and visitor base. Client access is described as convenient, with nearby subway and bus connections.
For tenants, buyers, and operators, the configuration supports professional services, education, and specialty programming that benefits from multiple rooms, storage, and several access points. The existing layout also provides a straightforward platform for an office or medical facility, or for an owner-operator looking to operate a school and manage daily operations on-site. The building’s living quarters conversion possibility is noted in the remarks, subject to required approvals.
Key Highlights
- Commercially zoned building designed for school use; a use change would be required for other business types
- 4‑level layout with several entrances, reception area, large rooms for open floor plans, and abundant storage
- 3 restrooms and central air conditioning
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 | $107.5k | $21.96 |
| − Vacancy | −$21.6k | −$4.41 |
| EGI | $85.9k | $17.55 |
| − OpEx | −$21.5k | −$4.39 |
| NOI | $64.4k | $13.16 |
4,896 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$920.4K
$805.4K – $1.07M
NOI $64,429 @ 7.0% cap · market cap 5.99%
Second Best
Healthcare Medical
$906.5K
$793.2K – $1.06M
NOI $63,452 @ 7.0% cap · market cap 5.90%
Theoretical Best
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,550 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
All That Jazz
Training Center
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FAQs
What type of property is this?
School - Commercially zoned building with central air, patio, multiple entrances, and three restrooms for school, office, or medical use.
Where is this school located?
The property is located at 2337 S 13Th Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,074,999.
What are key features of this property?
This property features: Commercially zoned building designed for school use; a use change would be required for other business types; 4‑level layout with several entrances, reception area, large rooms for open floor plans, and abundant storage; 3 restrooms and central air conditioning
