First-Floor Professional Office
New
For Sale
$369,900
2401 PENNSYLVANIA AVENUE Unit 1C47-1C48, Philadelphia, PA 19130
The layout includes private window offices, open work space, a kitchenette, and a restroom with a walk-in shower.
Property Size1,527 SF
Price / SF$242.24
Days on Market4
Property Features for 2401 PENNSYLVANIA AVENUE Unit 1C47-1C48
General Information
Standard status
Active
Size
1,527 SF
Property subtype
Office
Site & Location
Neighborhood
Spring Garden
Additional Details
Floor
First Floor
Office Units
1
Property Use
Office
Taxes and HOA fees
Annual Taxes
$2,417
Building Details
Building Size
1,527 SF
Year Built
1960
Buildings
1
Abandoned
No
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Michael D Phillips · License #RS327662
(267) 713-9616
Source:
Patmckennarealtors
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:44AM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
On the first floor of The Philadelphian, this approximately 1,527-square-foot office suite is arranged with private window offices, a large open work area, a kitchenette/wet bar, and a restroom with a walk-in shower. The existing configuration serves professional office use and can be reworked. The adjoining C49-C50 units, totaling approximately 1,188 square feet, are offered separately; all four units together function as an approximately 2,715-square-foot office.
The property is in Philadelphia’s Art Museum neighborhood, just off the Benjamin Franklin Parkway. The Philadelphian has more than 750 residences and over 1,200 residents. The building’s commercial corridor includes Klein’s Supermarket, Wells Fargo, Little Pete’s, NovaCare, and Parkway Pharmacy. Whole Foods, the Philadelphia Museum of Art, the Barnes Foundation, and Fairmount Avenue restaurants are among the nearby destinations identified as within walking distance.
The property is in Philadelphia’s Art Museum neighborhood, just off the Benjamin Franklin Parkway. The Philadelphian has more than 750 residences and over 1,200 residents. The building’s commercial corridor includes Klein’s Supermarket, Wells Fargo, Little Pete’s, NovaCare, and Parkway Pharmacy. Whole Foods, the Philadelphia Museum of Art, the Barnes Foundation, and Fairmount Avenue restaurants are among the nearby destinations identified as within walking distance.
Key Highlights
- Approximately 1,527 SF of first‑floor office space
- Private window offices, a large open work area, and a kitchenette/wet bar
- Restroom includes a walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,095
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,900
$401.9K
Cap Rate 7%
$287,071
$287.1K
Cap Rate 9%
$223,278
$223.3K
Market Conditions
NOI Build-Up for 1,527 SF
Gross rent
$33.5K $21.96/SF
− Vacancy
−$6.7K −$4.41/SF
EGI
$26.8K $17.55/SF
− OpEx
−$6.7K −$4.39/SF
NOI
$20.1K $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%
$401,900
Cap Rate 7%
$287,071
Cap Rate 9%
$223,278
Alternative Uses
Best Use
Office B
$287.1K
$251.2K – $334.9K
NOI $20,095 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$372.3K
$325.7K – $434.3K
NOI $26,058 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes private window offices, open work space, a kitchenette, and a restroom with a walk-in shower.
Where is this office unit located?
The property is located at 2401 PENNSYLVANIA AVENUE Unit 1C47-1C48 Philadelphia, PA.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Approximately 1,527 SF of first‑floor office space; Private window offices, a large open work area, and a kitchenette/wet bar; Restroom includes a walk‑in shower
